Brandhouse Retail is the master franchise for leading domestic brands including Reid & Taylor, Belmonte, Carmichael House & Stephens Brothers and Exclusive India franchise for international luxury brands like Alfred Dunhill.
As on 30th September 2009, the company has 311 Reid & Taylor, 222 Belmonte, 205 Carmichael House and 21 Stephen Brothers and 3 Dun Hill EBO's totaling 762. During the quarter company added 36 stores i.e. R & T: 25 stores, Stephens Brothers:1 store, Belmote: 9 stores and Carmichael House: 1 store. Thus Total stores opened in first half increased to 76.
Company targets to open 220 stores for the current fiscal year but has opened only 76 during the first half. However, management is confident of opening remaining 140 stores in the second half. As on 30th September 2009 Company has coverage of in area of around 861845 sq. ft.
Expects revenue of Rs 800 crore and also maintain net profit margins of mere 3% for FY'10.
