Raymond to launch ready-to-wear line

The Raymond Group has initiated a number of measures including the introduction of a ready-to-wear line and stake sales in two group companies, as it prepares to grow faster and reduce its borrowings. The Rs 5,000 crore company will also compete with rivals like Louis Philippe and Arrow, with its new range. “The company is now shiting from consolidation to the growth mode, and will be offering a wide range of shirts and shirting fabric, trousers, suits and accessories under the Raymond brand,  besides suiting fabrics,” chief financial officer M Shivkumar said in a media interaction.