Major Brands to invest Rs 260 crore in network expansion
By Retail4Growth Team | June 19, 2019
While opening its outlets in malls in major cities, the company will also be entering tier 2 cities.
Major Brands (India), the Indian franchisee for several international lifestyle products, will be investing around Rs 260 crore over the next four years in expanding its retail network and setting up a warehouse in South India, claims a report.
According to a report, while opening its outlets in malls in major cities, the company will also be entering tier 2 cities.
“We plan to invest about Rs 260 crore over the next four years in expanding our retail outlets and also setting up a warehouse in South India. We want to double our retail network in four year’s time,” Tushar Ved, President, Major Brands (India) was quoted as saying in a report.
“Currently, we have 160 standalone outlets for different brands. In addition we are also present in several big retail outlets under shop-in-shop model,” he said.
Major Brands represents several international lifestyle brand products in India and has opened exclusive brand outlets in the country. The company has launched brands like Aldo, Aldo Accessories, Charles & Keith, Inglot, Lasenza, Beverly Hills Polo Club, Call it Spring, New Balance and Bath and Body Works.
Major Brands India, which operates Bath & Body Works India, also plans to open 11 Bath & Body Works stores in India by the end of this year.