The Kishore Biyani-promoted Future Group, which runs India’s largest retail chain in both value and lifestyle formats, on Thursday said it plans to open 25-30 Big Bazaar outlets by June 2012, and will invest Rs 300-crore for the same.
“We are planning to add 25-30 stores on the Big Bazaar front. Our target for this year is 30 stores for Fashion at Big Bazaar and we already have 13 stores, so real estate provided we should be able to achieve our target,” Future Value Retail Joint CEO (East & South) Sadashiv Nayak told PTI.
The Future group currently owns 152 Big Bazaar stores in the country. “We will be investing Rs 300 crore for Big Bazaar and for the stand-alone (Fashion) it should be another Rs 70-80 crore,” he said on the sidelines of Amar Chitra Katha (ACK Media) scholarship event.