Last updated : May 28, 2019 12:55 pm
The company is expecting a turnover of Rs 1000 crore in the next five years.
Adeeb Ahamed, Managing Director of Tablez was quoted as saying in a report, “Tablez will be doing a majority of the openings during this calendar year, so next year we will see a doubling of whatever we close this year at. We positively feel we will have a Rs 400 crore book size by 2020.”
According to PTI, the company is expecting a turnover of Rs 1000 crore in the next five years.
Tablez had forayed into India in 2016 and reportedly would be investing Rs 470 crore over the next five years. The retailer brand currently operates in more than 60 outlets globally and plans to expand to 300 outlets by 2021.
The retail brand has introduced leading global brands in F&B, toys, lifestyle and apparel categories in India. The company has also signed master franchise agreements to bring brands like Springfield, Women’secret, Toy‘R’US and Babies’R’US to the country.