May have around 20 stores here in 3 years: Brooks Brothers

Written By Unknown on Kamis, 22 Januari 2015 | 23.25

In a chat with CNBC-TV18's Farah Bookwala Vhora, Vecchio talks about Brooks Brothers' expansion plans in India and growing focus on its online presence.

It's good to know that you have a PM who is very fashionable. Expect to see him in the store very soon.

Claudio Del Vecchio

Chairman & CEO

Brooks Brothers

America's oldest premium men's clothier chain, Brooks Brothers, has outfitted 39 out of the 44 American Presidents, including Barack Obama. And given a chance, its Chairman & CEO Claudio Del Vecchio says he'd be happy to suit up Indian Prime Minister Narendra Modi as well.

In a chat with CNBC-TV18's Farah Bookwala Vhora, Vecchio talks about Brooks Brothers' expansion plans in India and growing focus on its online presence. The brand came to India in 2012 through a joint venture with Reliance Brands.

Below is the excerpt of the interview

Q: On India…

A: Brooks Brothers is in the middle of global expansion. You can't talk about global expansion without thinking of India. It is the most populated country and there is a lot of energy right now. So, this market is growing very fast.

Q: You just mentioned that you are in the midst of a global expansion drive. Tell us what kind of expansion are we likely to see in India as well? You have got 7 stores in India. What is the road ahead looking like?

A: We are doing more business than we originally predicted. So, now we are motivated to accelerate the growth. We think we are going to have probably about 20 stores within the next three years.

As internet becomes popular and logistic and laws allow you will see our presence improve in online as well.

Q: Are looking to suit up Narendra Modi who has been in the news for his sartorial choices more often.

A: It is actually very good news for us to know that you have a Prime Minister now who is very fashionable. So, we expect to see him in the store very soon.


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