GHCL eyes acquiring Italian brand

Must Read

After successfully acquiring UK’s home furnishing brand Rosebys and the US-based textile major Dan River, the home retail arm of Gujarat Heavy Industrial Chemicals (GHCL) is now looking for an Italian home furnishing brand. Meanwhile, the company has also been learnt to wrap up its direct retail operations in the US due to negative market conditions. Further, the company has adopted franchise route to expand Rosebys in UK.

Aloke Banerjee, CEO, Rosebys Interiors India, said, “We are in the midst of restructuring the UK business and are adopting franchise model for expansion. We are also planning for expansion in countries including Poland, Romania and Vietnam and the South African market.”

Meanwhile, the company plans 650 exclusive stores of the brand across India by 2012, which will mainly target the Rs 15 billion textile market in India.

— IndiaRetailing Bureau

Latest News

Patanjali Foods promoters to dilute 6% share to meet minimum shareholding norms

At present the public shareholding in Patanjali Foods Ltd. stands at 19.18%, which needs to be increased to a...

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.