Major Brands eyes investing Rs 260 crore to expand its network
Major Brands (India), the Indian franchisee for several international lifestyle products, will invest around Rs 260 crore over the next four years to expand its retail network and for setting up a warehouse in South India.
With the launch of its outlets in malls in major cities, the company will also foray into Tier II cities.
Tushar Ved, President, Major Brands (India), said, "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."
"Currently, we have 160 standalone outlets for different brands. In addition, we are also present in several big retail outlets under the shop-in-shop model," he added.
The company represents several international lifestyle brand products in India and has launched exclusive brand outlets. It has introduced brands such as Aldo, Aldo Accessories, Charles & Keith, Inglot, Lasenza, Beverly Hills Polo Club, Call it Spring, New Balance and Bath and Body Works.