Financial Daily from THE HINDU group of publications Thursday, Mar 11, 2004 |
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Marketing
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Retailing Diwan Saheb outlet in Hyderabad Our Bureau
HYDERABAD: Diwan Saheb, a men's clothing brand, is opening its first outlet in Hyderabad, the first in the South, on Friday. "After Hyderabad, we will be opening outlets in Chennai and Bangalore," said Mr Sudhir Diwan of Diwan Songs (India). The company runs 10 outlets, including one in London. "We registered a turnover of Rs 19-20 crore last year. We are expecting to reach Rs 26 crore by 2005," he said Located at Prasads IMAX multiplex, the Diwan Saheb outlet showcases both traditional and Western formals in the range of Rs 800 to Rs 1.75 lakh. The company sold about Rs 50 lakh worth products through e-commerce.
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