Garment Mantra Lifestyle Targets To Open 110 ‘Price Mantra’ Stores
Garment Mantra Lifestyle Ltd, a sustainable and eco-friendly lifestyle brand, is planning to launch new outlets for Twenty Twenty Trading LLP “Price Mantra”. The company is targeting to introduce 110 new stores in the coming year.
Garment Mantra has unveiled a unique and niche branded retail model ‘Price Mantra’ stores in different cities in order to fulfill the demands of every Indian.
Garment Mantra operates on franchise-based models and own stores.
Prem Aggarwal, Chairman and Managing Director, Garment Mantra, said, “We at Garment Mantra are delighted to update our stakeholders about this strategic plan for our Value Retailing arm, Twenty Twenty Trading LLP “Price Mantra”.”
“We have already opened 7 stores and we endeavor to become a pan India player by opening 110 stores in near future to expand our market reach and fulfilling the brand aspiration of every Indian. With the reconstruction of the group structures, we are confident to derive substantial benefits from the recent acquisitions and marked improved performance going forward,” he further added.
Started in 2005, Garment Mantra has 7 successful stores in India, of which, 5 are in Tirupur, 1 in Coimbatore, and 1 in Delhi. The company is aiming to reach more cities through massive expansion.