Home Retail Gitanjali Gems signs 50:50 JV with Hassan’s Optician

    Gitanjali Gems signs 50:50 JV with Hassan’s Optician

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    Geetanjali Gems, the jewellery retail arm of Mumbai-based Geetanjali Group, has signed a 50:50 JV with Kuwait-based Hassan’s Optician, according to a statement by Gitanjali Group to Bombay Stock Exchange.

    Gitanjali Gems suffers 73 pc fall in standalone net profit in Q3
    Net income fell to Rs 1,925.08 crore in October-December of 2016-17, from Rs 2,641.12 crore in the previous year

    According to the BSE filing, the formed alliance will permit Geetanjali Gems to purchase and sell Hassan’s eye accessories in its outlets.

    Gitanjali Gems is a DTC sight holder and the leading brands under its patronage include D’Damas, Sangini, Gili and Asmi among others. Gitanjali Group is also building two SEZs in India.

    — IndiaRetailing Bureau