Daily News
Lalithaa Jewellery opens its 50th store in Nellore, hometown of the company’s Chairman
Aim is to double the number of stores to 100 by 2026, says Chairman Kiran Kumar
In line with its rapid growth in Andhra Pradesh (AP) and South India, Lalithaa Jewellery has set out on an expansion spree, and touched a milestone by launching its 50th retail store in Nellore on June 24.
Earlier, addressing a press conference in Vijayawada, Lalithaa Jewellery Chairman M. Kiran Kumar said that it was his dream to open the 50th retail store in his home-town Nellore. He said three new stores – in Sullurpeta, Gudur and Nellore – would be inaugurated on the same day.
“From just a few showrooms a decade ago, Lalithaa Jewellery has grown into a chain of 50 stores with over Rs 18,000 crore turnover,” Kiran Kumar said.
He said that Lalithaa Jewellery plans to increase the number of stores to 100 by 2026 and the company’s turnover to Rs 50,000 crore.
By the end of 2023, Lalithaa will open showrooms in Amalapuram, Kurnool, Tuni, Kadapa, Miryalaguda and Khammam of Andhra Pradesh and Telangana and Vellore and Rajapalayam in Tamil Nadu, he said.
Courtesy: The Hindu
With ‘Uncut Conversations’, Zaveri Bros Diamonds & Gold seeks to build deep, meaningful customer relationships
Thangals Jewellery celebrates International Women’s Day by recognizing employees at its all-women showroom in Dubai
Kirthi Diamonds’ new capsule collection is influenced by iconic characters and elements from Harry Potter films
Abharan Jewellers’ contest asks brides-to-be to document their in-store wedding jewellery shopping journey
India has overtaken China to become second largest diamond market: De Beers CEO Al Cook
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
Wide Angle4 weeks agoIndia has overtaken China to become second largest diamond market: De Beers CEO Al Cook
- Daily News1 month ago
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
- Exclusive2 months ago
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
- Wide Angle1 month ago
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
