Lifestyle to invest 60 crore on expansion
The Landmark Group-owned Lifestyle brand has earmarked 60 crore on its expansion plan this fiscal and will add six stores across the country, said a top company official.
The apparel brand which currently has around 62 stores in the country is planning to add 6 more stores especially to expand its presence in South India by March 2017.
“The company will open stores across the country, including in Chennai, Mysuru, Bengaluru and Pune in this financial year, with an investment of Rs 10 crore each, Lifestyle's President of Retail Operations, N Sathiyanarayanan, was quoted as saying by a news agency.
Lifestyle recently added its 62nd store at the Prozone Mall in Coimbatore and will be opening its 63rd store next week at the Pavillion in Shivajinagar, Pune.
Lifestyle is a part of the Dubai-based retail and hospitality conglomerate the Landmark Group. Lifestyle had entered India in 1999 and has soon become one of the leading retail companies in the country.
Lifestyle store brings together five concepts under one roof - Apparel, Footwear, Children's Wear & Toys, Household & Furniture and Health & Beauty. It offers a choice of over 250 national & international brands. The company also has its own online platform.
Copyright © 2022 FashionNetwork.com All rights reserved.