Garment makers foray into retail
Financial Express, India
MUMBAI, FEB 22: To cash in on the retail and the realty boom in India, global and domestic garment manufacturers are foraying into retail malls and township development in India, apart from collaborating with retail developers to expand their businesses.
Max Retail, a division of the Dubai-based Landmark Group, is investing Rs 300 crore in setting up 50 company-owned ‘Max’ retail stores in India, within two years. Besides this, the company plans to collaborate with Akruti Nirman and Nirmal Lifestyle to be anchor tenants within their malls where every product will be priced at and below Rs 600, according to Vasanth Kumar, ED, Max Retail. Read more about Garment makers foray into retail …