• Fu­ture Group to in­vest Rs 350 crore on ex­pan­sion

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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.

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