With a view to expand its international retail business, Max Retail of Landmark Group based in Dubai, opened its first store in India.
The group also plans to start 10 stores with the investment of Rs30 crore this year.
Vasantha Kumar, President, Max Retail Stores informed media that apart from Mumbai, New Delhi, Hyderabad and Lucknow, Max would open 5 more stores in this FY.
With 50 more stores in pipeline, company wants to offer affordable prices for contemporary fashion, added Kumar.
Max aims to cash on apparel sector of India, which is expected to grow at 14 percent in next three years.
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