Last year their turnover was Rs 1072 crores. In the coming three years their target is to become a Rs 3,000 crore business. With aggressive expansion plans across India, Lifestyle International Pvt Ltd launched its second Lifestyle store in the capital on July 22, Thursday. This is their 22nd store in the country.
The celebrations were attended by former Miss Sri Lanka and Bollywood actor Jacqueline Fernandez. The Lifestyle store also marks the debut of international hi-street fashion brand Splash in North India.
Lifestyle is looking forward to making its presence felt in tier II and tier III cities as well. Kabir Lumba, Managing Director, Lifestyle International (P) Ltd said, “We got a very good response to our Jaipur store. We have plans to open stores in Jalandhar, Kanpur, Ludhiana, Nagpur and Coimbatore. For advertising our strategy is to use vernacular newspapers for communication or a combination of vernacular and English dailies.”
The new store at Ambience Mall, Vasant Kunj is spread across 70,000 sq feet and houses more than 250 national and international brands including Louis Philippe, Van Heusen, Arrow, Park Avenue, Benetton, Bossini, Nike, Adidas, Allen Solly, Levis, Kappa, Lee Cooper, Police, Tommy Hilfiger, Swatch, Tissot and Tag Heuer etc. across categories including apparel, cosmetics, footwear, toys and kidswear, travel accessories, infant wear and infant basics, cosmetics and perfumes. Splash, located on the first floor within Lifestyle, offers 5,000 sq feet of bedazzling young fashion.
Currently, Lifestyle covers a total retail space of 1.2 million sq feet. By the end of 2011, the brand targets a store count of 30, with 10 Splash stores.
Lumba said, “We target to become a pan-India brand, and our USP is the international store experience, a very relevant product mix for the Indian consumer that strikes a strong balance between international and strong national brands and a strong private label offering to complete the bouquet.”
Lifestyle International, is a part of the USD 3.2 billion Dubai -based Landmark Group.