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Nature s Essence steps into retail segment

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Natures’ Essence Executive Director, Saurabh Nanda said to www.propertykhazana.com that, “Healthcare and Beauty products manufacturer Nature’s Essence, is setting up to raid into the planned retail business and has planned to launch 100 stores, comprising 25 company possessed and 75 franchisee outlets by mid of 2009. The first 3 stores will be developed in Delhi by September and the rest will follow across the country. Company will develop 6-7 stores in 4 metros, as the other stores will be developed in different Tiers I & II cities. Company is investing Rs. 10 Crores in development of the stores, as it is gazing for one more Rs. 20 Crores as franchisee investment”, added Mr. Nanda.
Company is also planning to increase its turnover by three fold this year to Rs. 100 Crores up from previous financials Rs. 35 Crores on the back of the retail raid and growth into new export market, also doubling-up its delivery network within the country. It is also having plans to invest Rs. 12 Crores for developing 2 new production amenities in Uttar Khand and the new plants with a joint area of 70,000 Sq.ft will be operational by the end of 2009. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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