New Delhi: Apparel and accessories player Cantabil International is planning to set up 280 outlets of its ‘Cantabil’ and ‘Lafanso’ brands across India by 2009-10.
“We currently have 170 Cantabil (premium segment) and 130 Lafanso (discount segment) stores across India. Our plan is to add another 280 stores, including 80 Cantabil and 200 Lafanso, by March 2010,” Cantabil India managing director Vijay Bansal told PTI.
He said the company would be focusing more on the franchise model for its expansion.
“All the new stores of Lafanso would be set up under the franchise model and among the planned 80 Cantabil stores, half would be company-owned and the rest would operate under franchise model,” Bansal said.
Asked about the investment planned for the retail expansion, Bansal said: “As most of the new outlets would be franchise operated, the investments would be made by the franchise partners. We would be investing around Rs 20 crore from internal accrual for the 40-odd Cantabil stores, which are to be owned by the company.”
Bansal said the newly planned stores would be spread across metros, Tier I and II cities and each store would be of 500-6,000 sq ft in area.