The newly created Aditya Birla Fashion and Retail of Aditya Birla Group is planning to add another 200-250 stores in a year with an investment of Rs 400-500 crore. A source from the company reveals that the retail business, which was a relatively small part of the group, will become big in the next few years. As far as the value growth in the retail space is concerned, in the past, one has seen much higher growth in retail compared to GDP. This is because it is still a nascent sector and these companies that are being merged have seen much faster growth than the industry average. So is how Aditya Birla Group has set to spread its fashion wing broader. This expansion will bring fresh business opportunity to signage companies dealing in in-shop designs, displays and related activities.
