Liberty merges with subsidiary and chalks out plan for 200 new showrooms

Shoes major Liberty announces its merger with subsidiary, Liberty Retail Revolutions, with an aim to boost its retail presences and increase operational efficiency. The company is eyeing over 40 percent increase in turnover at Rs 500 crore this year compared with Rs 350 crore turnover achieved in the previous year. The company is investing up to Rs 50 crore to set up to 200 new Liberty showrooms. New showrooms will be mix of company owned and franchise stores. Opening of the new 200 showrooms will be an added advantage for several signage companies whose activities are extensively involved in in-shop designs, displays and related tasks.