Magazines Archives - 2007 April

Landmark embarks on growth path in Kolkata
Story 11

INDIA’S book-and-gift retail chain Landmark is planning for expansion in Kolkata,with at least three large-format outlets across the city.

According to CEO Himanshu Chakrawarti, Landmark will launch three stores of 25,000-30,000 sqf each in the high-street areas of the city, with a total investment of around Rs15 crore (US$3.5 million)

The retail chain will subsequently focus on opening a slew of smaller stores in malls, Chakrawarti said.

The group used to operate in Kolkata through a joint venture with FMCG major Emami. This partnership was severed early this year after Tata’s Trent acquired a controlling 76% stake in Landmark and its subsidiaries from founder Hemu Ramaiah last year.