NEW STORES RETAIL EXPANSION NATIONAL
MUMBAI, MAHARASHTRA, INDIA
By IFAB MEDIA - NEWS BUREAU - May 14, 2024 | 558 3 minutes read
Reid & Taylor, the esteemed name in worsted suiting textiles, continues its journey of resurgence and expansion with the recent addition of four new stores in Mumbai.
Strategically located in Borivali, Ghatkopar, Belapur, and Thane, these new stores mark a significant milestone in the brand's efforts to reignite its presence in the Indian market.
Since its establishment in 1830, Reid & Taylor has held a distinguished position in the world of worsted suiting textiles. Despite facing internal challenges and bankruptcy in 2015, the brand saw a revival under the stewardship of the Finquest Group, igniting its resurgence in 2020. With a renewed focus on serving customers and delivering quality products, Reid & Taylor is now poised for a period of rapid expansion and growth.
The strategic placement of these new stores allows Reid & Taylor to gauge consumer preferences and shopping behaviors across various regions of Mumbai, covering the western, harbor, and central lines simultaneously. This holistic approach enables the brand to tailor its offerings to meet the needs of a diverse customer base.
Looking beyond Mumbai, Reid & Taylor has ambitious plans to expand its retail footprint to the rest of Maharashtra and Gujarat, focusing on key cities and urban centers within these states. With a regional focus on the western and southern parts of India, including Maharashtra, Gujarat, Karnataka, Tamil Nadu, and Kerala, the brand aims to establish a strong presence in these thriving markets.
By the end of the financial year, Reid & Taylor aims to have a total of 40 stores operational across India, signaling a rapid expansion plan to capitalize on market opportunities and cater to growing consumer demand.
The journey of Reid & Taylor's resurgence and expansion continues, guided by a commitment to excellence and a dedication to serving customers with the finest quality products and services.