Kishore Biyani-led Future Group is planning a major expansion of its southern supermarket chain Nilgiris by adding more products and taking the store count to 1,000 in next three years. The group, which had acquired the Bengaluru-based chain in 2014, is also launching new products in bakery and is strengthening its portfolio. "We have a target to have at least 1,000 shops in southern India gradually in next three years," Future Group CEO Kishore Biyani told PTI. He further added: "We are revamping the chains and opening new stores. We are expanding Nilgiris capacity. We are also launching new products as in bakery segment." Nilgiris is operating 160 stores in South India and has sales of around Rs 800 to Rs 900 crore. He declined to share the number of investment by the company on Nilgiris, but said, "This would be done through franchise system." "We entered dairy and bakery segment through Nilgiris," said Biyani, highlighting the importance of the supermarket chain in the group.
Read more at: Future group to take Nilgiris supermarket store count to 1,000 - Moneycontrol.com
Read more at: Future group to take Nilgiris supermarket store count to 1,000 - Moneycontrol.com