Gitanjali Group planning to open 25 new stores

Gitanjali-store.jpg

Alfred Terry owner receives 60% of revenues from its retail stores.

India’s Gitanjali Group – owner of brands such as Rosato and Alfred Terry – is planning to increase its retail operations in the country, opening 25 large-format, multi-franchisee stores by the end of 2012.

The company, currently worth in the region of £1.4 billion, says around 60% of its total revenues come from its retail operations.

It last week opened its largest-ever franchise space in Hyderabad, with more than 9,000 items of jewellery for sale, while the company currently has 75 franchisee stores which account for 80% of its retail sales in India.

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Gitanjali Group is said to have grown 70% in year-on-year for the past three and year and hopes to continue this rate of expansion for the next three to five years.
 

 

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