With the opening of its 100th store in Lokhandwala, Mumbai, Subway now boasts a formidable presence of over 900 stores in more than 160 cities across India.
With over two decades of experience in the fashion and lifestyle industry, Sumit brings extensive expertise in brand building, retail expansion, and strategic business management.
Besides metros, e-commerce companies tapping into smaller towns - online shoppers' share in Tier 2 & 3 cities rose to 56% in FY2024 from 46% in FY2020.
As technology becomes increasingly human-like and pervasive, organisations are unlocking business value through innovative methods, enhancing operational efficiencies: Wipro CIO Anup Purohit
Bollywood actor Bobby Deol attended the grand opening, unveiling the stores, which feature an extensive selection from Kalyan Jewellers’ signature collections.
The company will acquire a 90.5% stake in the company through a combination of secondary buyouts and primary infusion with a path to acquire the balance stake in two years.
On the recent move to acquire 24Seven stores from GPI, Almast said that about 35 stores have already been rebranded to New Shop and franchised out. The conversion of all stores will be completed by March-end.