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	<title>Retail Guru &#187; raymonds home</title>
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		<title>Raymond downs shutters on premium brand Be:Home</title>
		<link>http://retail-guru.com/raymond-downs-shutters-on-premium-brand-behome/</link>
		<comments>http://retail-guru.com/raymond-downs-shutters-on-premium-brand-behome/#comments</comments>
		<pubDate>Wed, 23 Jun 2010 16:48:58 +0000</pubDate>
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				<category><![CDATA[Indian Retail]]></category>
		<category><![CDATA[be:]]></category>
		<category><![CDATA[be:home]]></category>
		<category><![CDATA[india home furnishings]]></category>
		<category><![CDATA[india retail]]></category>
		<category><![CDATA[raymonds]]></category>
		<category><![CDATA[raymonds home]]></category>
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		<description><![CDATA[Gautam Singhania-led textile major Raymond has shut down its premium brand offering, Be:Home, within two years of its launch. All four multi-speciality Be:Home stores in Mumbai and Delhi have been shut down, a company spokes-person said, refusing to comment on the reason for the move. “In line with our ongoing and continuous strategic evaluation of [...]
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			<content:encoded><![CDATA[<p style="text-align: justify;">Gautam Singhania-led textile major Raymond has shut down its premium brand offering, Be:Home, within two years of its launch. All four multi-speciality Be:Home stores in Mumbai and Delhi have been shut down, a company spokes-person said, refusing to comment on the reason for the move.</p>
<p style="text-align: justify;"><a href="http://retail-guru.com/wp-content/uploads/2010/06/raymondgirl.jpg"><img class="aligncenter size-full wp-image-7522" title="raymondgirl" src="http://retail-guru.com/wp-content/uploads/2010/06/raymondgirl.jpg" alt="" width="480" height="360" /></a></p>
<p>“In line with our ongoing and continuous strategic evaluation of our brand portfolio to serve customers better, we withdrew the Be:Home brand from the market. This was a part of a our brand rationalisation and consolidation,” the spokesperson told PTI here today.</p>
<p>At the time of its launch, the company was targeting a turnover of around Rs 75 crore in three years. It is, however, understood that the company is mulling a re-launch. Interestingly, Be:Home itself was a re-launch when it was announced in 2008. The brand traces its origins to Raymond Chairman and Managing Director Gautam Singhania&#8217;s pet project to offer collections of premium fashion designers in large volumes at lower prices.</p>
<p>Originally launched as Be: in 2001, the brand was discontinued in 2007 with a view to repositioning it. A year later, it was re-launched as Be:Home with the intent of offering soft furnishings and accessories sourced from across the globe.</p>
<p>The home furnishings segment is a crowded one, having a players like the Future Group, Shoppers Stop and Bombay Dyeing, among others.</p>
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</ol></p>]]></content:encoded>
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