Shri Lakshmi Cotsyn (SLCL), an integrated textile player engaged in manufacturing and processing end-to-end textile products, is launching exclusive retail outlets in Tier II cities under its brand name Weaves. The company will roll out 100 franchise-owned stores in 50 cities in the next two years, starting with the first store in Chandigarh. An investment of Rs 10 crore has been made for this expansion, where each store will see an investment of Rs 5-10 lakh. Each store will occupy about 400 sq ft space. Shri Lakshmi’s expansion into newer zone will be an added advantage for the signage companies dealing with in-store displays.
