PE funding prods Lilliput to double retail space

Written by Neha Pal | Neha Pal | New Delhi | Updated: Jun 30 2010, 04:42am hrs
In the wake of the Rs 385-crore investment made by private equity firms Bain Capital and TPG Growth, Indias leading kids wear brand Lilliput Kidswear is all set to double its retail space this year with a total investment of Rs 175 crore. The company is planning to open around 70 stores pan-India and four stores in West Asia. The company is also looking to introduce its new range of Everyday Essential which is children casual wear in September at a starting price of Rs 125.

We are targeting a turnover of Rs 625 crore this year as compared to Rs 415 crore last year at the back of the new stores that we would be opening both nationally and internationally. We are going to double our retail space from 2,35,000 sq feet to 4,50,000 sq feet by the end of this year, said Lilliput chairman and managing director Sanjeev Narula. We would be opening 50 stores of Liliput and 20 stores of Liliput World in tier I, II and III cities including Delhi, Mumbai, Jalandhar, Amritsar, Jaipur, Pune, Guwahati, Jodhpur. We would also be opening four new stores of Lilliput World in West Asia including Abu-Dhabi, Dubai, Kuwait, he said.