The flower retail chain, Ferns N Petals, has plans of expanding its presence across India by opening 200 outlets by the end of 2011 through franchising. The retailer currently has 110 stores.
The company is present in 400 cities across India. Globally, it reaches out to 150 countries through online retailing. The flower retailer aims to strengthen its presence all over the world and witness a 100 per cent growth by this fiscal.
Ferns N Petals has an annual turnover of 100 crores, the company is expanding its presence in 99 countries abroad apart from India through franchising model of retail. The retail brand has a growing CAGR of 30 per cent in the last three years. It offers both offline and online retail and provides doorstep delivery of a wide variety of flowers.