Future Brands has planned to invest around Rs 50 crore to expand its brand portfolio by including sportswear, skincare and cosmetic products this year.
Confirming this, Santosh Desai, managing director and CEO, Future Brands, said, “We are focusing on the apparel segment, and are coming up with sports and casual wear along with skincare products in the next three months.”
The company, which retails its brands through Future Group outlets, plans to make its presence in other stores as well. “We will be entering into general trading very soon, so our products will be available not only in Big Bazaar outlets but also in other stores,” Desai informed.
The company is aiming at a turnover of around Rs 1,600 crore by 2011.