Spencer’s Retail Limited, a division of RPG Group has planned to open 20 exclusive Beverly Hills Polo Club stores in the NCR region, Punjab and Mumbai. It is also going to launch four exclusive stores of Ecko Unilimited and two exclusive stores of Ladybird, both in the NCR region. The company has exclusive franchise tie ups with these three international apparel brands.
Besides this, the company is also planning to launch 15 company owned hypermarket stores by the next fiscal year. So far, the company is focusing on the grocery and food business, but now the company is looking at its specialty formats like apparel, music, and cafe business. The company is opting for the shop-in-shop expansion for its music format, Music World. Presently, it is operating 60 stores under this format.
The company formed a joint venture with Boston-based cafe chain Au Bon Pain last year to open fast casual dining and bakery chains in India. Currently, it operates two Au Bon Pain outlets in Bengaluru. This format is likely to have a national rollout in another two to three years.
