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    Aiming to expand offline presence with additional Roadster and Mango stores, says Ananth Narayanan

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    Aiming to expand offline presence with additional Roadster and Mango stores, says Ananth Narayanan

    Ananth Narayanan, chief executive officer of Myntra, Flipkart's fashion business spoke about the road-map for business for the coming year.
    In an interview to CNBC-TV18’s Rukmini Rao, Narayan said, "At this point we have four Mango stores, we have two Roadster stores, but this is just the beginning. This is the year where we are starting to scale. So there will be 15 Roadster stores by the end of this year and 50 in the end of two years. Mango will be about 25 stores and Espirit will be about a 15."
    Myntra, has reduced its FY17 losses from 25 percent to Rs 655 crore as against Rs 823 crore last year. Myntra is looking to  expand its offline presence as well as aiming to bring in one third of its revenues from the private label business.
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