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Gitanjali Gems unit to add 40 multi-format stores

Published on Thu, Dec 17, 2009 at 12:01 |  Source : Reuters

Updated at Thu, Dec 17, 2009 at 12:49  

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Gitanjali Gems unit to add 40 multi-format stores

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Gitanjali Lifestyle, a unit of Gitanjali Gems , will add 40 multi-format stores under its Maya brand over three years and expects revenue of 10 billion rupees from multi-format stores, a top official said.

Gitanjali Lifestyle currently has 10 multi-format stores, chief executive Devasish Dutta said, adding it would spend 700-800 million rupees annually over three years for retail expansion under the Maya brand.

  

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