Google News

Joyalukkas to invest Rs.425 crore

Must Read

Joyalukkas India, a Kochibased textiles and jewellery retailer, plans to invest Rs 425 crore to open 14 exclusive retail outlets in two years.

“Joyalukkas plans to focus on large format stores and develop its existing branded jewellery lines and introduce additional sub-brands in the diamond and platinum jewellery markets,” managing director Alukkas Varghese Joy told ET.

Each new outlet will be up to 80,000 sq ft in size and will require an average investment of Rs 70-80 crore per store. At present, it has 22 stores with an average store size of 40,000 sq.ft in Chennai, Bangalore and Coimbatore.

Source : Economic Times

Latest News

Lava International appoints Rajesh Sethi as group CFO

Sethi has over 27 years of financial management and strategic planning experience, will be responsible for overseeing Lava's financial...