Home Retail Gitanjali acquires B Vijay Retail Ventures

    Gitanjali acquires B Vijay Retail Ventures

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    , the wholly owned subsidiary of , has acquired B Vijay Retail Ventures Pvt. Ltd, which owns the ‘HooP’ brand in India and retails diamond, gold, and silver jewellery.

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    With this move, Gitanjali will now retail its brands of jewellery, watch and other lifestyle products through HooP.

    In the last one year, the company has entered into several tie-ups and joint ventures with overseas companies to market their products. It has also acquired a number of jewellery and watch brands within India and plans more acquisitions in the future. , executive director, Gitanjali, said that the firm is in a position to leverage its balance sheet for possible acquisitions.

    According to sources, the company is also planning to buy retail chain Whitehall Jewelers at a price of around Rs 40 million.