Arvind Mills plans retail expansion worth Rs 400 cr

October 23, 2007	(1 votes, average: 2 out of 5)  Loading ...
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Bangalore based Arvind Mills will invest Rs 400 crore over the next four years to ramp up its retail operations targeting $1 billion by 2012.

Arvind Mills runs 70 ‘Megamart’ retail stores across India selling multi-brand apparel. The company is planning to come up with 200 more outlets in the specified time, along with introducing a larger format ‘Megamart Outlet Centres’ in top 20 cities.

Chennai would be the first to see a Megamart Outlet Centre which would come over 60,000 square feet. Other cities will be Hyderabad and Pune.

The company has already signed the properties in Chennai, Pune, and Hyderabad for expansion. These stores will be completed by the current fiscal-end, says Sanjay Lalbhai, Chairman and Managing Director, Arvind mills.

In an order to give a push to expansion plans, the company has joined hands with design house JHP-London for designing the stores and is making large investments to train the fashion assistants to supervise the Outlet Centres.

News Published Under:   Retail Market in India |

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