 "Liberty shoes merges with subsidiary, eyes 40% turnover growth")
The company is eyeing over 40% increase in turnover at Rs 500 crore this year compared with Rs 350 crore turnover achieved in the previous year.
"We have merged Liberty Retail with Liberty shoes to make the company a lot more viable for investors and to increase operational efficiencies. We are looking at clocking Rs 500 crore turnover this fiscal," Liberty Group Director Retail Anupam Bansal told PTI.
Also Read
Bansal said the company will invest Rs 50 crore in increase its retail presence is working on product development to make brand more fashionable to achieve this growth target.
"We will invest up to Rs 50 crore to set up to 200 new Liberty showrooms. New showrooms will be mix of company owned and franchise stores," he added.
With this merger the company will have 500 exclusive showrooms, statement added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%