Lifestyle Pvt Ltd Pours In Crores To Open New Stores
The Indian retail fashion brand Lifestyle is reportedly investing about Rs 140 crore for the purpose of expansion during the current financial year. The company will open new stores, the investment of which is estimated to be Rs 8 crore to Rs 10 crore per store.
“We are planning to open 12 to 14 stores during the current fiscal,” said Srinivasa Rao, senior vice-president of Lifestyle Pvt. Ltd. “The investment per store will be about Rs. 8 crores to Rs. 10 crores,” he added.
Founded in 1999, the company, at present, has around 70 stores all over the country. The retail firm offers a variety of national and international brands It now plans to open more stores and the funds for the same would be met from internal accruals.
According to the senior vice-president, the company would be ope...