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JCB to open 19 stores

Aims to enter Delhi with 10 outlets

Tags: retail news, retailer news, news

September 02, 2013  |  comments ( 0 )  | 
JCB to open 19 stores

Leading spa and saloon chain Jean-Claude Biguine Salon & Spa (JCB) is aiming to add 19 new centers in next 18 months.  Among these 10 will come up in Delhi only. Currently, the brand is presented in Mumbai and Bangalore. Speaking  on development, JCB India chief executive Dharmendra Manwani told, "Year-on-year, we have been doubling our foothold... we currently have 10 outlets across Mumbai (8) and Bangalore (2 outlets). The demand for our brand is definitely growing and we are looking at reaching 29 centres in the next 18 months." All new outlets will be company owned with the overall investment of 20 crore. Manwani also informed that JCB expects revenue for the ongoing fiscal to grow 30-35 per cent to about Rs 35 crore this fiscal. Manwani also shares, "With increased purchasing power, corporate culture and a broader mindset, people are looking for more services than ever before. People are ready to pay more for better services now.”He also thrown light upon men’s grooming industry by stating, "Rough and tough stopped being in vogue, and urban men are shifting towards a fresh look. This growing desire has contributed to a major share of the revenues grossed by a salon. Men account for 20-25 per cent of our footfalls today."


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