Retailers stare at a dismal future after bumper Diwali

Deep discounts by the leading retailers across the key food and grocery segments have lured inflation-hit shoppers back to big box stores this Diwali. However, the question remains whether the boom will continue when the discounts are withdrawn and prices return to normal levels. Arvind Singhal, chairman of Technopak Advisors said that with inflation running […]

Lifestyle International to boost retail presence in India

Eyeing to boost its retail presence in India, Lifestyle International would invest four billion rupees in India over the next three years, company’s Managing Director Kabir Lumba said while speaking on the sidelines of India Retail Forum. He said they intend to launch six to eight Lifestyle outlets and add around six Home Centre outlets […]

Lifestyle Int’l to invest Rs 400 cr in India to ramp up biz

Unveiling its Rs 400 crore investment plans for India, Lifestyle International today said new players like Ikea entering the furniture segment will only help the market grow further. “On an average we will put in Rs 400 odd crore in the next three years as total investment,” Lifestyle MD Kabir Lumba told reporters on sidelines […]

Promoters Mukesh and Renuka Jagtiani infuse Rs 90 crore in Lifestyle International

BANGALORE |MUMBAI: The Jagtiani family, which owns the Dubai-based Landmark Group, has pumped in fresh equity of Rs 90 crore to drive Lifestyle International’s expansion plans. Promoters Mukesh and Renuka Jagtiani were allotted Rs 90,000 equity shares of Rs 10 each, which raised their stake from 88.4% earlier to 89.26% in March, the company said. […]