Image Multitrade to enter retail market, build 50 malls

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Mumbai, Mar 7 (UNI) Image Multitrade will soon enter the retail market segment through its subsdiary ''Image Lifestyle,'' which will be formed in April.

The company has earmarked Rs 100 crore for 50 malls in Mumbai, Pune, Bhubaneshwar, Nagpur, Kolhapur, Bhopal and Jabalpur and will also start tie ups with retail majors in April for their new range of consumer products.

Further it will also expand its distributor base from 1.5 lakhs to about 50 lakhs for its existing B2B business in the next few years and open its training centre either in the city or in Lonavala, a release said today.

UNI ZC AA SKB1755

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