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Clovia To Expand Production Capacity To 12 Lakh Units In 2017

Fashion You Intimate

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November 2017

Delhi-based Purple Panda Fashions, which owns and operates online lingerie store Clovia, is set to expand its production capacity from 5 lakh to 12 lakh units by the end of 2017.

Clovia To Expand Production Capacity To 12 Lakh Units In 2017

"We are expanding our production capacity to 12 lakh units, with the growth of our business," Pankaj Vermani, co-founder and chief executive officer of Clovia, told.

The company expects to grow its business by 50 per cent quarter-on-quarter in 2017-18, he added.

"By the end of this fiscal, we expect our revenues to grow 1.5 times," he said.

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