Gitanjali Group, which receives 60 percent of its total revenues from retail operations, is planning to add 25 more large-format, multi-brand franchisee stores in the current calendar year. The company launched the largest-ever franchisee store, with over 12,000-sft space and 9,000 varieties of jewellery on offer, in Hyderabad. The company announces that they are planning more retail outlets in the franchisee mode as they felt that this model on the back of a trusting local partner would help build trust for the brand among the customers. Retail expansion of the jewelry major is a green signal to offer fresh business opportunity for the signage players dealing in in-store displays, branding, fabrications and other related activities.
