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Gitanjali Gems to add 150 stores in US
Thursday, October 11, 2007 www.financialexpress.com
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Stock market
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Gitanjali Gems is planning to add 150 stores in the US, thus resulting in a total of 250 stores by next year. Last year, Gitanjali Gems had acquired a 97% stake in Samuels Jewelers Inc, a chain having 97 stores in the US and a turnover of $100 million. "We are planning to increase the number of stores to 250 by next year," said Mehul Choksi, chairman of the Gitanjali group.
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