SAKK Collection Ltd plans to open 1,000 retail stores

Chandigarh, Aug 30 (UNI) SAKK Collection Ltd, a subsidiary of Delhi-based Om Overseas Group, has chalked out a massive plan to launch a nationwide retail network of about 1,000 stores of its complete range of home furnishings under the brand name 'SAKK Collections'.

Disclosing this at a press conference here today, Company President Anil Khurana and Om Overseas Group Chairman Krishan Kuamr that these retail stores would be opened over a period of five years.

The company has identified 90 cities in the country for the purpose, they said.

Initially, the company will open 20 stores in the month of September and increase the number to 100 by December.

By the end of the current financial year, the target is to open 150 such stores in Tier and Tier cities in the states of Punjab, Haryana, Uttar Pradesh, Rajasthan, Bihar, Jharkhand and West Bengal, Mr Khurana said.

''our mission is to reach out to the customers directly and provide them with international quality products at wholesale prices by eliminating the channels of distributors and dealers'', he added.

He said the company, which has state-of-the-art manufacturing facilities at five locations in Panipat, three in Delhi and one in Ahmedabad, is currently engaged in home textile, accessories and textile packaging for international retailers and brands.

The company's diverse product range includes curtains, drapes, cushions, rugs, carpets, towels, bath mats, garment accessories, textile packaging and other kitchen and bathroom textiles, besides manufacturing 20 lakh metres and processing 30 lakh metres of fabric per month.

To ensure best quality of fabric to be used in its products, Mr Khurana said the company has installed latest automated machinery like airjet looms, dobby looms, jacquard looms, embroidery machines and stitching machines, imported from Belgium, Italy and Germany. It also has an in-house processing and yarn dyeing facility.

The company plans to mobilize funds required for the expansion and diversification through internal accruals, merger of group companies and banks. The company the capital market after the approval from the competent authority, he said.

Mr Khurana said the company registered a turnover of Rs 212 crore in the last financial year and expected to increase it to Rs 380 crore in the current fiscal with the opening of retail stores.

UNI