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Retail | Lifestyle to invest Rs450 crore in India

Retail | Lifestyle to invest Rs450 crore in India
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First Published: Thu, Mar 26 2009. 11 25 PM IST
Updated: Thu, Mar 26 2009. 11 25 PM IST
Mumbai: Dubai-based Lifestyle International Pvt. Ltd has firmed plans to invest Rs450 crore over the next two years to increase the number of its stores in the country.
The premium apparel and home furnishing chain will adding 35 Lifestyle stores and 15 Home Center showrooms by 2011, but is also lowering prices to attract customers, executive director Kabir Lumba said after the launch of two new stores in Mumbai on Thursday.
Consumer demand may drop by about 10% in the next 6-10 months, but the retail sector in India is better placed than in many other countries, he added.
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First Published: Thu, Mar 26 2009. 11 25 PM IST