Dubai based Landmark group promoted, LMG Brands is planning to enter the retail market with Hypermarket sized stores in India. The group which operates international brands such as Springfield, Kappa, Bossini, Josef Seibel and Vincci is looking at launching large size retail formats.
Mr. Madappa, VP Retail of LMG Brands said,
We are looking at having large format stores in India but are still working on the nature of the format and the segment it will cater to. Getting the right kind of retail space in the right environment is critical for large sized retail formats. We have a tie up with New Look and nothing will stop us from bringing in the future if it fits in with our plans in India.
LMG brands has already launched its Springfield outlet in Bangalore and is now planning for an exclusive womens wear line of Springfield next year. Springfield is a casual wear brand from Spain. LMG plans to open 20-25 Springfield outlets in the next 12 months. Bossini is LMG’s most popular brand in India.