Business

Garment Mantra Lifestyle Targets 110 New Store Openings In Near Future

A sustainable and eco-friendly lifestyle brand, Garment Mantra Lifestyle Ltd. has announced it will open 110 new outlets for Twenty Twenty Trading LLP “Price Mantra”, by 2022. Prem Aggarwal, Chairman and Managing Director, Garment Mantra, stated, “We at Garment Mantra are delighted to update our stakeholders about this strategic plan for our value retailing arm – Twenty Twenty Trading LLP `Price Mantra’. We have already opened seven stores and we endeavour to become a pan India player by opening 110 stores in the near future. With the reconstruction of the group structures, we are confident to derive substantial benefits from the recent acquisitions and marked improved performance going forward.” Garment Mantra began services in 2005 and has seven stores in the country; out which five are in Tirupur, one in Coimbatore and one in Delhi. The company that operates on franchisee based models and own stores, plans to reach more cities through massive expansion.