Provogue Group to start 50 retail outlets during the course of next two years
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The MD of Provogue during a campaign stated that his group would be setting up almost 50 retail outlets in couple of years. During the course of his speech, he said that nearly 4-5 million would be set aside for each outlet. For this purpose, he intends to pump nearly 200-250 million.
Continuing his speech, he stated that he intends to increase his list of outlets in the country and also is aiming to launch his business abroad during the next 12-18 months. The group has roped in Bollywood actor Hrithik Roshan as its emissary for promotion. 6 stores have come up during the last 20 days and it may open the same in major cities.
The group put forth its plans of diversifying in Singapore, Thailand and Dubai till September witnessing a downtrend in the world market. Prozone Enterprises a subsidiary of Provogue jointly with Liberty International Plc is ready to start its maiden outlet in Aurangabad during May 2010 and may diversify Coimbatore, Nagpur, Indore and Jaipur. Sources from www.propertykhazana.com stated that the shares of the group fell at 0.66% at Rs. 67.45 on a steady market in Mumbai. For any further details please refer www.propertykhazana.com
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