Online edition of India's National Newspaper
Saturday, Mar 31, 2007
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Online edition of India's National Newspaper Saturday, Mar 31, 2007 ePaper |
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Special Correspondent
BANGALORE: The Gitanjali Group, a leading diamond trading corporate with facilities here, has entered the luxury retail market through its new venture "Luxury Connexions (Lx) and Luxury Malls". The new entity will serve as an interface between the growing luxury business in India and international brands which are keen to be a part of the Indian luxury market. With an investment of Rs. 100 crore, the company will establish retail stores across the country and will acquire international brands which will be sold through the "Luxury Connexions (Lx)" outlets. The Geetanjali group also plans to establish luxury malls in eight leading cities. The first store will open in Hyderabad followed by Mumbai, Bangalore, Delhi, Kolkata, Ludhiana, Chandigarh and Chennai. These will house all global brands covering world-class fashion stores, fine-dine restaurants and spa's.
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