New
Delhi
Garment Mantra
Lifestyle Limited (GMLL) is opening its 11th store in Neyveli
Lignite Power Plant Township in Tamil Nadu. The store is believed to be
operational in the coming 30-45 days.
The aim of the
store will be to provide high-quality and reliable fashion wear for the entire
family at affordable prices. This will give the customers a new shopping
experience. The company said that GGML is going to be benefitted from a ready
customer base that is facing challenges related to essential and regular
shopping.
The company said
that as per the data, 1000-1250 engineers retire from the power plant and
relocate to their hometown. Price mantra will offer business as well as
income-generating incentives by going for a franchise with minimum capital.
These professionals can then get involved in activities that will generate
income in annuity fashion through this franchise mode.
As per Prem
Aggarwal, Chairman & MD, GGML, the company is excited about this new store.
It will help the company to reinforce its role in providing affordable and
up-to-date fashion items to families.
Source – IIFL Securities
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