Lifestyle International, part of $3.2 billion Dubai-based Landmark group is planning to open 35 -38 departmental stores in its various retail formats in three years entailing an investment of Rs 452 to Rs 480 crore. The group has stores such as Lifestyle, Home Centre, Max stores, besides the newly-introduced Splash. Most of the funding would be met through equity, debt and internal accruals. Kabir Lumba, managing director, Lifestyle International (India) said this financial year itself the firm will open 5-6 Lifestyle stores taking the total number to 27.
Lifestyle to open 38 stores in 3 yrs
Lifestyle International, part of $3.2 billion Dubai-based Landmark group is planning to open 35 -38 departmental stores in its various retail formats in three years entailing an investment of Rs 452 to Rs 480 crore.
Written by FE Bureau
This article was first uploaded on June six, twenty ten, at thirteen minutes past eleven in the night.
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