The Rajan Raheja Group promoted Globus Stores Private Ltd. has declared to include another 5 stores in its line of existing 25 stores all over the nation. The brand which was undergoing a downturn in the last year which resulted its slow store opening is now recovered, as affirmed by the company spokesperson. Globus has stated and average investment of Rs. 30 crore in this expansion in the cities such as Hyderabad, Nagpur, Pune, etc.
With the recovery at the financial level, Globus will also give weight in terms of increasing the count of private labels. The brand has inaugurated a designer studio at Andheri in Mumbai where a team of 25 designers works. Globus has invested Rs. 60 lakh behind this designer studio.
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