New
Delhi
According to the reports, Garment Mantra
Lifestyle is experiencing an improvement in its demand due to which it is
planning to expand the business through its retail arm ‘Price mantra’.
GMLL is focusing
to develop B2C space at a rapid pace. The company is going to open two new
stores ones in Tirupur and the other in Delhi. Earlier the
company was operational from other 7 locations.
According to
Prem Aggarwal, Chairman & Managing Director, the company is excited to
update its stakeholders about the strategic plan for its Retailing arm- Twenty
Twenty Trading LLP “Price Mantraâ€Â. The company has 9 stores with which the
company aims to expand regionally and nationally. He also said that the company
has plans to open more stores in the future. He added that the company hopes to
derive substantial benefits from the acquisitions, once the restructuring of
the group structures takes place.
It is observed
that the economy is moving forward at a slower pace due to the restrictions but
GMLL is witnessing improvement in demand.
Source – IIFL Securities
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https://indiantextilejournal.com/techinical-textiles/flexible-enterprise-solution-in-demand