With the Red Tape listing imminent in the coming week, it is interesting to see the entire range of products on the Co.’s website. There are a number of new products introduced & the transformation to a fashion brand is very much happening. The innerware market is huge & it will be interesting to see if the Co. can make a meaningful dent there.
There is also an appreciable improvement in the product designs, across the entire product range. One can’t but feel impressed going through the website. I also gather that there is a marked improvement in inventory mgt of the Co. that is likely to improve the working capital cycle.
After Red Tape lists and the Co. declares the numbers for the year 2022-23, will we get a better understanding of what the base is & what to expect going forward. It will indeed be fascinating to see how the markets value a pure fashion company. All kinds of multiples are being suggested, buy we should know shortly. Meanwhile, checkout the website & enjoy the product range & designs.
https://redtape.com/accessories
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