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    Gitanjali – Hassan’s Optician JV to open 200 stores; to invest $2 mn

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    The newly formed JV between jewellery retailer and Kuwait-based eyewear major Hassan’s Optician will invest around USD 2 million for its retail expansion across India.

    As part of the plan, the JV will open over 200 stores across the country in the next two years , informed a top company official. Meanwhile, from Gitanjali’s side, the investment will be made by its subsidiary Gitanjali .

    The 50:50 JV between the groups was signed early this month. It will retail all Hassan’s Optician products through its stores in India.

    — IndiaRetailing Bureau