Ahmedabad-based garments and fashion accessories company Liverpool Retail India has planned to invest around Rs 500 crore in the next two years to expand ‘Liverpool’ stores across the country. The company also plans to introduce new brands and set up a new manufacturing unit.
Confirming this, Kailash Gupta, MD Liverpool Retail India, said: “We plan to have an all-India presence through our upcoming brands. Our immediate investment will be funded through internal accruals and banks, later around 2010, we will think of private equity or IPO.”
Moreover, with an investment of around Rs 30 crore, the company plans to enter the high-end garment market by opening around 50 designer boutique stores and will tie up with some of the major designers in the country.
Liverpool has recently acquired around 100,000 square feet land in Narol, Ahmedabad where it plans to set up a new manufacturing plant for garments at a cost of Rs 25 crore.
For its overseas operations, the company is planning to set up five more stores in the UAE. It already operates two exclusive Liverpool outlets in Dubai.