Future group fashion business to increase by 30%, says Biyani

Future Group, one of the major retailers in the food and fashion segments, plans to grow the latter by 30 percent each year, group Chief Executive Officer Kishore Biyani said on Saturday.

"The fashion business of the group across the various retail brands will grow 30 per cent every year," Biyani said at the launch of its first standalone FBB store at Shakespeare Sarani. Biyani said by the end of March 2018, revenue from the fashion business will touch Rs 10,000 crore, adding that by 2021, the group would sell 80 crore garments. Biyani also informed that a central store would be set up in New Town along with a mega garment factory that would ensure employment for at least 2000-3000 locals. "We have 32 stores of FBB in Bengal, including 22 in Kolkata. Every year, we are reducing the prices of garments and we are eagerly waiting for the GST.

It will further reduce the prices of garments," he said. The group opened a Future Supply Chain Distribution Centre in Burdwan on Saturday. State Industry and Commerce minister Amit Mitra inaugurated the centre, ensuring employment for locals.