Retailigence

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Major Brands to invest Rs 50cr for 68 new stores

Posted by retailigence on September 30, 2008

Major Brands Pvt. Ltd plans to invest Rs 50cr by 2009 end. This will be primarily for retail expansion – adding 68 new stores. The Company currently has 32 stores located in Mumbai, Delhi, Bangaluru and Gurgaon. Licensed brands include Mango, Promod, Aldo, La Senza, Nine West, Charles and Keith, Bally, Okaidi, Aldo Accessories and Inglot. Twenty five new stores will come up by March next. New cities targeted include Ahmedabad, Hyderabad, Pune, Kolkata, Chandigarh and Ludhiana. Spaces in malls already booked include DLF Promenade Mall (Vasant Kunj, New Delhi), Kshitij Mall (Satellite Road, Ahmedabad), Venus Square (CG Road, Ahmedabad), GVK Mall (Hyderabad) and Jewel Square (Pune).

Source: News Vision

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