Lingerie Firm MAS Brands Targets Rs 1,000 cr Wholesale Bikini Turnover by 2020, Eyes Acquisitions
“>Sri Lanka-based lingerie china lingerie firm MAS Brands, which sells products under Amante label in India, is targeting up to Rs 1,000 crore turnover by 2020 from the country by expanding its portfolio that would include acquisitions, according to PTI. The company, which is rapidly expanding its operations in India, plans to launch up to 20 standalone stories in the tier I towns in the next 2-3 years. MAS brands, a part of MAS Holdings, reported a turnover of Rs 100 crore in the previous financial year. It had launched Amante in Indian market in 2007.
“We are targeting Rs Wholesale Bikini 800-1,000 crore turnover by 2020 through a portfolio of brands, including Amante. We are looking at acquiring other brands to increase our reach and product offerings,” said Ajay Amalean, Co Founder, MAS Holdings.