Naresh Jain-led Evolution Lifestyle Homes promoted Influence Lifestyle Store, in association with designer Manish Malhotra, has announced the launch of its first fine dining restaurant in Chennai. Branded as Influence, the store will be operational by the second week of January 2009 and offer international vegetarian cuisine, said a company press release.
Sumanth Cuppala, COO, Evolution Lifestyle Home, said, “Chennai is an untapped market with a lot of potential and not many luxury retail and service offerings are available. We have found it the right time to enter and give the consumers what they have been searching for.”
For the store which is spread across 5,000 square feet, the company has invested Rs 25 million and expects a turnover of Rs 150 million by December 2009-end.
Further, the company is looking for opening stores in multiple locations in Chennai and targets expansion across south India including cities like Hyderabad and Coimbatore and also in cities like Delhi and Mumbai. It expects to be operational in four other locations in Chennai by 2011. The store will also house a luxury spa and a boutique retailing designer wear from India’s leading designers, added the release.
— IndiaRetailing Bureau