Zerostock opens five outlets in Bangalore

Bangalore, Mar 6: Hyderabad-based Zerostock retail company today announced the launch of five exclusive outlets for sale of its menswear brand under 'Cornerstone.'

Informing this to newspersons here, Zerostock Chief Executive Officer Ashok Mayya said the branded product was started with an initial investment of Rs 16 crore and the company proposes to open 30 outlets in other cities too such as Chennai, Kochi, Pune and Jaipur by end of this month. In all there would be 1,000 exclusive outlets in the next 24 months across the country, he said adding the company would infuse Rs 50 crore more to create necessary infrasturctural facilities.

Replying to a question, he said the company hoped to garner a turnover of Rs 50 crore in the next two years.

UNI