Gitanjali’s Big Lifestyle Retail Plans

The Gitanjali Group is planning a big leap into Lifestyle retailing. The company wants to be present in 6 different formats,

  • Just Cuts – Salon
  • Greggio – Silverware
  • Bezel – Watches
  • Gitanjali Jewellery
  • Gitanjali Fashion – Apparels
  • Gitanjali Lifestyle

Mr. Gaurav.M, MD Gitanjali Lifestyle said,

The stores will be spread over an area of 5,000 sft to 15,000 sft, the luxurymall will come over an area of 80,000 sft to 150,000 sft. We will be spending around Rs 150 crores overall, which will be sourced through amix of internalaccurals and debt.

The company plans to open 50 stores each of Just Cuts, Gitanjali Jewellery and Gitanjali Fashion. Opening of 25 Bezel stores, 10 Greggio Argento stores and 5 luxury Gitanjali Malls by 2010 is on the cards. The luxury malls will not only house its own brands but other luxury brands as well. They will also have restaurants, spas and designer products for the elite class with taste 🙂 The company is initially focusing on ownership model before moving to the franchisee model. They have plans for 50:50 ownership-franchisee kind of business model in future.

One thought on “Gitanjali’s Big Lifestyle Retail Plans

  • June 4, 2008 at 1:59 pm
    Permalink

    dear reader,
    my company is very much intrestted in taking franchisee of just cuts in mumbai.but all the numbers shown cannot be reached for some reason.so will appreaciate if some one from your end could get in touch.my personal no is 9820417725 ,24013030,9819686819 vishal jumpal

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *