Delhi-based apparel retailer Cantabil Retail India Ltd announces that Tier-I and II cities are under-served in terms of brand offerings and the company will be firming up its footprint in such geographies. The apparel leader, which is looking to raise Rs 105 crore through an initial public offering, mentions that it is gearing up to meet the increased demand from a growing segment of middle class consumers. The company designs, manufactures and retails readymade garments and accessories, with 416 retail outlets spread pan-India. Now, in-store signage companies can pack up for a trip around the Tier-I and II cities to exploit the business opportunity around the new Cantabil stores.
