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India’s Globus plans independent stores under F21 brand

 The Mumbai-based Globus Stores plans to launch independent stores under its largest private label brand – F21, a unisex youth oriented apparel brand.

"We could not launch independent stores under the private label last year due to difficult market conditions, but hopefully by next year we should be able to hive off the private label as an independent store with formats between 1,000 and 1,500 square feet. We expect to have 4-5 stores next year," said Vinay Nadkarni, CEO, Globus Stores.