French menswear retailer Celio plans to increase the sourcing of its merchandise from India fivefold over the next two years. India represents around 4% of the company's total requirement, but it plans to increase that to around 20%. Celio currently has 70 standalone stores and 680 other outlets in India, and CEO Marc Grosman said the country had "improved a lot. Retail is much more organised, consumers much more educated and the demand for fashion has increased a lot". Celio is also planning to open 15-20 stores in India each year.
