Australian footwear label R.M. Williams is set to open 18 retail outlets in the US and the UK, reports from the Financial Times indicate.
Despite major shareholder in the business L Catterton Asia appointing Goldman Sachs to explore a sale of the company, R.M. Williams chief executive Raju Vuppalapati told the Financial Times (FT) that the business aims to double sales to $300 million in the next five years.
"While everyone else is restructuring and laying off people, we are hiring," Vuppalapati said.
"The brand is ready to take its next big leap."
According to data provided to the FT R.M. Williams' revenue grew 11% to $155 million in the year to the end of June 2019.
Earnings before interest, tax, depreciation and amortisation jumped 46% to $23 million over the same period, FT reports.
As reported in May, R.M. Williams is seeking to sell the business for $500 million.
R.M. Williams currently operates around 60 retail shopfronts and is stocked in 500 department stores.