• News by Month

  Select Month February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006

• News by City

  • Bangalore
  • Chennai
  • Delhi
  • Faridabad
  • Gurgaon
  • Hyderabad
  • Kolkata
  • Mumbai
  • Noida
  • Pune

• News by Category

  • NRI
  • FDI
  • Home Loans
  • Real Estate India
  • Banking and Finance
  • Real Estate Developers

« Don’t Compromise on Nation’s Economic Growth- Finance Minister to Banks | Home | Parsvnath Targets Revenue of over 5000 crore »

Apparel Retailer Provogue Plans to Open 50 Retail Stores in 2 Years

Apparel retailer Provogue India Ltd (PROV.BO: Quote, Profile, Research) plans to open 50 retail stores in the next two years, a senior official said on Thursday. “The average investment per shop is about 4-5 million rupees, so we would be investing 200-250 million rupees,” Salil Chaturvedi, deputy managing director, said on the sidelines of a promotional event.

Provogue, which chose Bollywood actor Hrithik Roshan as its brand ambassador, has opened six stores in the last 20 days and he said it will be opening stores across Class I to V towns. Provogue is the latest addition to the growing list of retailers seeking to expand into Indian hinterland, and Chaturvedi said he also plans to venture overseas in 12-18 months.

Reeling under the global economic downturn, the retailer had in February said it had deferred plans to expand in Singapore, Thailand and Dubai until September. Chaturvedi said Provogue’s unlisted real estate arm, Prozone Enterprises, a joint venture with Liberty International Plc, would open its first shopping centre in Aurangabad in May 2010, and spread to Coimbatore, Nagpur, Indore and Jaipur. Provogue shares ended 0.66 percent lower at 67.45 rupees in a firm Mumbai market.

News Published Under:   Real Estate India | No Comments »

Comments

Name (required)   

Mail (required)      

URL