Russia’s Concept Group opens second store in India
Russian style retailer Idea Gathering has expanded its presence in India by opening its second Acoola youngsters' apparel store in India.
Idea Gathering entered a joint endeavor (JV) with India's Saamag Gathering last September.
The Russian organization holds a 49% stake in the JV, while Saamag Gathering has a 51% interest.
"Idea Gathering currently plans to open ten more Acoola stores the nation over this year."
A piece of Sistema JSFC, Idea Gathering intends to open new stores across India and introduce Acoola branded clothing, footwear, and embellishments for youngsters matured somewhere in the range of two and 14 years.
The principal store was opened last year in Uttar Pradesh at the Logix Downtown area Shopping center, Noida.
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Idea Gathering presently plans to open ten more Acoola stores the nation over this year.
Idea Gathering has been in the retail business in Russia for over 10 years, and has been operating through its two brands Acoola and Idea Club.
The brands as of now work in excess of 200 retail outlets the nation over.
Aside from India, the organization has expanded its footprint in different nations, including Germany and Israel.8
In India, the two accomplices intend to invest $10m in the main carry out period of Acoola stores.
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