Pioneer Embroideries Ltd is going to open 200 retail stores in India and overseas as part of its expansion pushing total count of such stores to 250.
Hakoba stores, the retail subsidiary of Pioneer Embroideries, will enter overseas market with three to four stores in the Middle East, UK and US. The company will invest about Rs100 crore in next three years.
Pioneer Embroideries are planning to expand through Hakoba Lifestyle Ltd by launching 65 stores by the end of current financial year.
Hakoba has collections like sarees, salwar-kameez-dupatta and other accessories.
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