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GMLL to add two stores in ‘Price Mantra’ retail arm

Jul 14, 2021
GMLL to add two stores in ‘Price Mantra’ retail arm

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 Mantra”. 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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