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Gitanjali – Hassan’s Optician JV to open 200 stores; to invest $2 mn

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The newly formed JV between jewellery retailer Gitanjali Gems and Kuwait-based eyewear major Hassan’s Optician will invest around USD 2 million for its retail expansion across India.

As part of the plan, the JV will open over 200 stores across the country in the next two years , informed a top company official. Meanwhile, from Gitanjali’s side, the investment will be made by its subsidiary Gitanjali Lifestyle.

The 50:50 JV between the groups was signed early this month. It will retail all Hassan’s Optician products through its stores in India.

— IndiaRetailing Bureau

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