• Future Group to invest Rs 350 crore on expansion
Future Group is planning massive expansion for its fashion format chain FBB (Fashion Big Bazaar). The company will add 140 exclusive brand outlets with an investment of Rs 350 crore (approx $52 million). Future Retail will also take the brand to international markets through its JV with Oman based Khimji Ramdas (KR) Group that plans to open stores in Oman and other countries in the Middle East. FBB is expected to open 40 stores during the current fiscal.
The company is hoping that the domestic and international expansion will help double its revenue by 2020. We will invest about Rs 350 crore (approx $52 million) to open these stores. We aim to double our turnover in the next two years.