opening of retail outlets under the brand name "NUEMO". it is a Company Strategic entry into the multi-brandretail segment.
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Active Clothing Co Ltd announced its strategic entry into the multi-brand retail segment by launching retail outlets under the brand 'NUEMO'. The company targets Tier 2 and Tier 3 towns in India with a flexible retail model offering men's, women's, and kids' apparel. The initiative leverages the company's existing manufacturing and brand-building capabilities. The board projects NUEMO to achieve a topline of approximately ₹200-250 crore within four years, subject to market conditions and execution performance.
This new retail initiative represents a significant business diversification that could drive revenue growth over the medium term, though the ₹200-250 crore target remains subject to successful execution in competitive markets.