Gili news and archive

Gili Apparels plans to open 50 stores

Gili Apparels that caters to women’s ethnic wear is planning to open at least 50 stores to spread its existing network. The brand that started operations in June last year, is currently operating eight exclusive outlets via the franchise route in Delhi-NCR and Maharashtra. Gili will add the new franchise outlets in Delhi-NCR, Mumbai, Pune,...

Apparel

Gili goes to smaller towns

Premium diamond jewelry brand Gili plans to expand its retail network in smaller towns especially Tier II and III cities. It is looking at opening 31 stores this fiscal at an investment of Rs 200 crores. Currently, it has 19 EBOs besides 400 shop-in-shops. Gili, a wholly-owned subsidiary of Gitanjali Gems, is aiming for a 50 per cent topline...

Apparel

Tier-II Gili’s new focus

Gili, the first diamond jewelry brand of India, is now on a mission to open 50 EBOs by the end of this year in Tier II cities across India. The EBOs, known as Gili World will mainly follow two retail formats of COCO stores (company owned and company operated) and FOFO stores (franchisee owned and franchisee operated). The company is currently...

Apparel

Gitanjali expanding its footprint

Gitanjali Jewellery Retail Private Limited, a unit of the Gitanjali Group that retails jewellery, fashion, lifestyle and luxury products is planning to expand its business aggressively in 2010. They are looking at opening 35 exclusive brand outlets in major cities across India within this year. Gitanjali Jewellery, is a leading manufacturer of...

Apparel

Gitanjali acquires Salasar Retail

Gitanjali Group the pioneers in diamond and jewellery manufacturing in India has acquired a 76 per cent stake in Salasar Retail Ltd. The acquisition is part of the group’s retail expansion strategy of acquiring a chain of mid-sized department stores across India. The group plans to roll out multi-format retail stores under the name ‘Maya’. The...