Gitanjali group
forays into luxury retail through 'Luxury Connexions & Luxury
Malls'
Indiantelevision.com Team
(2 April 2007 2:00 pm)
BANGALORE: The Gitanjali Group, a leading Diamond Trading
Corporate, today announced its foray into the luxury retail
market through its new venture “Luxury Connexions (Lx)
& Luxury Malls”. The new entity will serve as an
interface between the growing luxury business in India and
all the international brands which are keen to be a part of
the Indian luxury market.
With an investment of Rs 1 billion,
the company will establish retail stores across the country
and will acquire international brands which would be sold through
the “Luxury Connexions (Lx)” outlets.
Apart from getting the brands to India, Luxury Connexions
(Lx) will also facilitate and promote the growing luxury retail
segment by employing intelligent tools, variety of mediums
and bringing in a large pool of management talent and skills.
The Geetanjali group also plans to bring Luxury malls in
eight major cities. The first store will open in Hyderabad
followed by Mumbai, Bangalore, Delhi, Kolkata, Ludhiana, Chandigarh
and Chennai.
