Mumbai: Apparel and textile maker Raymond Ltd is focusing on its Park Avenue brand of male grooming products and home care brand Premium to revive its consumer packaged goods business, a top company executive said. “We have launched an initiative called One Park Avenue,” Bagri said. Raymond’s total consumer goods sales stand at nearly Rs500 crore, said chairman and managing director Gautam Singhania, at the relaunch of Park Avenue in Mumbai. We need to give the consumer a sense of one-ness.”Sales at Park Avenue male grooming business grew 10% in 2016, as per market research firm Euromonitor. Raymond’s consumer goods business, which includes Park Avenue, Premium, Kama Sutra condoms and KS Deos among other brands, is housed in two entities—JK Helene Curtis and JK Investo Trade (JKIT).

Source: Mint November 16, 2017 19:52 UTC