The Aditya Birla Group’s retail foray is estimated to have a $2 billion investment. The company will focus on private labels manufactured by its companies, Century Textiles, Grasim and Madura Garments. Its brands such as Allen Solly, Louis Phillipe, Van Heusen, Peter England and SFJeans are expected to grow between 25-30% per year, tripling by 2010. The company is planning to have a mix of hypermarkets and departmental stores, which will be an extension of Madura Garments.
Source: NDTVprofit.com
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