Gitanjali to strengthen its presence

Gitanjali Group, a manufacturer and retailer of fine jewellery is planning to expand its lifestyle division by opening more franchised outlets. The company is aiming to take its present count of 215 franchised outlets to 400 in the coming three years, confirms a company official.

The company is also eyeing foreign markets such as Middle East, China and Japan to grow its international business. The company has tied up with 170 shops of Verite Group in Japan. In China it has a tied-up with a chain which will have only the brand name Giantti and its products. In the Middle East, the company is in talks with a couple of groups like Damas, Allukkas and Al Haseena.