Lifestyle, a part of the $5-b Landmark Group of Dubai is planning an investment of an additional Rs. 600 Cr to widen its retail foot print across key Indian cities.
As per a report in Business Line – Lifestyle is confident that the growth trend registered in the last five-six years will resume soon, and hence the company will continue to expand its horizon by investing at least Rs 200 crore every year for another two to three years. The company has been growing in India on an average 30 per cent in the last four-five years.
The company’s expansion plans may directly imply job creation in the retail sector. Retail industry, has over the last few years been allowing ample opportunities of job creation at the front line level. Every retail store – especially the large format stores – Hyper Markets etc., allows direct job creation opportunities for up to 100 – 200 at frontline level.
Lifestyle had started its operations in India with the launch of the first Lifestyle store in Chennai in 1999. In about over a decade, Lifestyle has established itself amongst the leading retail companies in India. Each Lifestyle store offers a good mix of national and international brands across the product categories – Apparel, Footwear, Children’s Wear & Toys, Furniture & Home Furnishings, Beauty & Fashion Accessories.
At present the group has 35 Lifestyle outlets, 15 Home Centers and 72 Max outlets across cities. The company presently
More on this update from – Lifestyle plans Rs 600-cr spend in 2-3 years to expand footprint (Hindu Business Line)