Is ColorPlus an Indian brand?
Description
Raymond Group is an Indian branded fabric and fashion retailer,[2] incorporated in 1925. It produces suiting fabric, with a capacity of producing 31 million meters of wool and wool-blended fabrics.[3]
Legacy Indian brands like ColorPlus and Park Avenue have been facing stiff competition in the last five-ten years from global fashion bigwigs of Spain's Zara, Sweden-based H&M and Japan's Uniqlo among a host of other global labels.
Color Plus Fashions Limited is an Indian Non-Government Company, incorporated on 04 Jun, 1987. It's a public unlisted company and is classified as'company limited by share'. Company's authorized capital stands at Rs 750.0 lakhs and has 13.333334% paid-up capital which is Rs 100.0 lakhs.
The group owns apparel brands like Raymond, Raymond Premium Apparel, Raymond Made to Measure, Ethnix,[4] Park Avenue Woman[5] ColorPlus,[6] Kamasutra & Parx. All the brands are retailed through 'The Raymond Shop' (TRS), with a network of over 700 retail shops spread across India and overseas, in over 200 cities.
In addition, the group also has business interests in readymade garments, designer wear, cosmetics and toiletries, engineering files and tools, prophylactics and air charter operations.
In 2019, Raymond announced its venture into real estate business under Raymond Realty. The new venture is poised to start with an investment of ₹250 crore (approx $36 million) in developing mid-income and premium housing units on 20 acres of land in the growing suburb of Thane. Raymond group holds over 125 acres of land in this region.[
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