Ashapura Intimates Fashion Limited (AIFL), known for its Valentine brand, plans to set up 100 retail stores in the next two years. This BSE-listed company has already set up two retail stores in Mumbai in January this year. The company proposes to set up 23 more stores in and around Mumbai. The company’s two-year business plans entails an investment of Rs 25 crore for setting up 100 stores across all major cities. Of which, they will open 25 owned retail outlets in and around Mumbai. The remaining, however, will be set up in cities like Ahmedabad, Delhi and other mega cities. Elsewhere, the company is planning to open stores through the franchise model. Signage companies indulging in in-shop designs, displays and related jobs will get fresh business opportunity with such constant expansion in the retail sector with the opening of high-end stores.
