Retail in Asia

In Shops

Gitanjali plans 25 more multi-brand stores in India

India’s INR12,000-crore (INR120-billion, USD2.15b) Gitanjali Group, which receives 60 percent of its total revenues from retail operations, is planning to add 25 more large-format, multi-brand franchisee stores in the current calendar year.

The company launched the largest-ever franchisee store, with over 12,000 square feet space and 9,000 varieties of jewellery on offer, in Hyderabad on Saturday.

Gitanjali Jewellery Retail Private Limited managing director Santosh Srivastava said that the company was pushing more retail outlets in the franchisee mode as they help built trust for the brand among the customers on the back of a trusting local partner.