Beauty and Wellness Company VLCC is on expansion plan
Beauty and Wellness Company VLCC is on expansion plan. They are planning to invest Rs.100 crore by 2010 for expanding both in domestic and overseas markets. The company plans to increase the number of outlets in its domestic market from 150 to around 300, doubling its existing number of outlets. The company is also expanding its footprints in the overseas market by bringing total outlets to 30 from 9 within a span of next two years. Mukesh Luthra, CMD, VLCC, confirmed the news by saying that the company would invest Rs.40 crore in the overseas expansion and Rs.60 crore in its expansion in India. For their domestic expansion they are targeting tier II and tier III cities.