Gitanjali Gems??? arm to expand its retail network
Gitanjali Gems??? wholly-owned subsidiary — Gili — is planning to expand its retail network in smaller towns. In this regard, the company is looking to open 31 stores in FY11 with an investment of Rs 200 crore.
At present, Gili has 19 exclusive brand outlets (EBOs) besides 400 shop-in-shops. Gili is a diamond jewellery brand of Gitanjali Group, popularly known for its shop-in-shops (SIS) format.
Gitanjali Gems is one of the largest integrated diamond and jewellery manufacturers and retailers in India. Its operations include sourcing of rough diamonds from primary and secondary source suppliers in the international market, cutting and polishing the rough diamonds for export to its international markets, and the sale of diamond and other jewellery through its retail operations in India, as well as in international markets.
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