Lifestyle International , the Indian arm of the Dubai based Landmark group plans to double its turnover from the current 1400 crores to 3000 crores in 2 and a half years.
The Landmark Group - a Rs 16,800 crore retail conglomerate plans to invest Rs 1000 crores in India to expand its activity in India. The main emphasis would be on Lifestyle and Home Centre. This was stated by Mr Kabir Lumba , Executive Director in an interview recently.
The current turnover of the group in India is Rs 1400 crores with Rs 1000 crores coming from Lifestyle and Home Centre.
Besides the 3 formats of Lifestyle, Home Centre and Max Retail, the company has no plans to introduce any other format. However they are planning to enter Tier II towns like Kanpur and Nagpur in 2011-12 with a change in price positioning.
Sunday, September 27, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment