{"id":2278,"date":"2014-02-23T07:08:02","date_gmt":"2014-02-23T07:08:02","guid":{"rendered":"http:\/\/indonesiagarment.com\/news\/2014\/02\/23\/garment-makers-foray-into-retail\/"},"modified":"2014-02-23T07:08:02","modified_gmt":"2014-02-23T07:08:02","slug":"garment-makers-foray-into-retail","status":"publish","type":"post","link":"https:\/\/indonesia-product.com\/news\/garment-makers-foray-into-retail\/","title":{"rendered":"Garment makers foray into retail"},"content":{"rendered":"<p>Garment makers foray into retail<br \/>\nFinancial Express, India<\/p>\n<p><!--adsense--><\/p>\n<p>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.<br \/>\nMax Retail, a division of the Dubai-based Landmark Group, is investing Rs 300 crore in setting up 50 company-owned \u00e2\u20ac\u02dcMax\u00e2\u20ac\u2122 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.<!--more--><\/p>\n<p>Delhi-based Ritesh Real Estate Company is acquiring 400 acres of land in Punjab and Haryana at an investment of Rs 600 crore in order to set up townships in association with Ansal Group where Ansal will develop properties for them, Sanjeev Arora, MD, Ritech Real Estate Company told FE.<\/p>\n<p>Mumbai-based Krishna Lifestyle Technology Ltd (KLTL), a company which is into garment manufacturing, is for the first time planning to foray into \u00e2\u20ac\u02dcCentral Mall\u00e2\u20ac\u2122 concept in India. KLTL also plans to set up 100 exclusive retail malls under the brand name \u00e2\u20ac\u02dcK\u00e2\u20ac\u2122 Lifestyle in the next two to three years in the metros.<\/p>\n<p>According to Navin Kumar Tayal, chairman, KLTL, \u00e2\u20ac\u0153K\u00e2\u20ac\u2122 Lifestyle Malls will be a mix of company-owned stores apart from anchor tenants within other malls. Targeted at elite customers, KLTL is entering into a collaboration with \u00e2\u20ac\u02dcDanabhai Jewellers\u00e2\u20ac\u2122, \u00e2\u20ac\u02dcPallazio Group\u00e2\u20ac\u2122 for making them anchor tenants within \u00e2\u20ac\u02dcK\u00e2\u20ac\u2122 Lifestyle malls.<\/p>\n<p>Currently, we are developing 20,000 sq ft of malls each in Lower Parel, Malad and Fort in Mumbai. Now since the rental prices are high, we will set up company-owned malls and later when the rental prices fall, we will tie up with retail majors in order to be their anchor tenants.\u00e2\u20ac\u009d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Garment makers foray into retail - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indonesia-product.com\/news\/garment-makers-foray-into-retail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Garment makers foray into retail - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia\" \/>\n<meta property=\"og:description\" content=\"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. 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