Raymond Lifestyle plans to add 900 stores in the next three years and targets 12-15% annual sales growth, says chairman Gautam Singhania. The demerged unit of Raymond will list on the bourses on September 5. The demerger aims to unlock shareholder value by focusing on the lifestyle business. Investments in the UK, EU, and Australia are seen as opportunities. Previously, Raymond sold its FMCG business and demerged its lifestyle and real estate units.
