Joyalukkas plans to add 16 more new outlets in tier-II cities

Jewellery retail major Joyalukkas India Pvt Ltd is planning to open 16 outlets in Tier-II cities next fiscal. The company will be investing nearly Rs 900 crore to carry out its expansion plan. The proposed outlets will be operational in tier-II cities of Odisha, Jharkhand, Maharashtra, Andhra Pradesh, Karnataka and Gujarat. The company’s 91st outlet is expected to be operational in the city from today. Joyalukkas India is a part of the Rs 10,000-crore Dubai-based jewellery retail major Joyalukkas Group. Joyalukkas’ new expansion move is an added opportunity for the signage players whose activities revolve around in-shop branding, designs, displays, etc in the retail and showroom domains.