Spencer’s Retail To Open 70 Beverly Hills Brand Stores

Business Standard:

Spencer’s Retail, a subsidiary of RPG Enterprises, today said it will open 70 stores of the premium brand Beverly Hills Polo Club across India during the next fiscal.

The company said it has earmarked Rs 20 crore for the purpose and is negotiating with various mall developers to avail themselves of the best rental schemes.

“We are at present operating only four company owned stores in Delhi and we have a target to have our presence in 30-40 cities by 2011, through both franchisee and company owned stores,” Spencer’s Retail vice president (apparel) Anurag Rajpal told PTI on the sidelines of Franchise India summit here.

The company had introduced Beverly Hills Polo Club brand in August this year.

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