KHAZANA PLANS TO SET UP 10 LARGE STORES

Catering to the rising demand for luxury furniture in India, Hyderabad-based Khazana Group plans to open 10 large format stores for boutique luxury furniture across the country, a top company official said here on Wednesday.

“The company has plans to open 10 large format stores across the country to cater to the demand for luxury furnitures. Along with the right partners, we hope to open 1 or 2 such stores each year,” Bhawant Anand, founder, Elevate.

The company, which inaugurated ElevateX — the brand for the boutique luxury furniture store — on Tuesday, also plans to open 50 small format stores in the franchisee model with the group bearing 25 per cent of the costs to set the stores up.