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TRIUMPH TO SET UP 450 STORES IN INDIA OVER NEXT 5 YEARS.
NEW DELHI, July 1 Asia Pulse - Betting big on the organised retail boom in India, women's inner wear maker Triumph said it will invest up to Rs 2 billion (US$46.6 million) in setting up 450 exclusive stores over the next five years.
"Indian organised retail is growing at a very impressive pace and we really want to tap this growth. We have decided to invest up to Rs 2 billion in the next five years in setting up 450 exclusive stores in 100 cities across the country," Triumph International (India) General Manager and Country Head Thorsten Allenstein said.
Of the 450 stores, 10 would be flagship stores while the remaining 440 would be set up through the franchisee route.
"Our flagship stores will have an entire range of our collection, while the normal outlets will ...
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Source: HighBeam Research, TRIUMPH TO SET UP 450 STORES IN INDIA OVER NEXT 5 YEARS.