Vishal to open speciality apparel, FMCG chains

Delhi-based Vishal Retail will soon set up a chain of speciality stores to retail its apparel and FMCG range across the country as it firms up plans to introduce private labels for consumer durables and mobile phones.

The company has also chalked out plans to launch quick service restaurants for which it is in talks with real estate developers to lease space at prime locations including Delhi Metro stations.

"We will introduce a range of private label consumer durable items and mobile phones at the stores in next 3-4 months. The products will be sourced from China," chairman and managing director Ram Chandra Agarwal told PTI.

Consumers would get a mix of both private labels and others brands at the stores, he added. The company would also start retailing liquor before year-end.

On the company's foray into manufacturing mobile phones he said, "The pilot launch of the two models of our Z-Line mobile phones has been successful. Since the response has been good, the mass launch will be at the stores in next three-four months."

Vishal Retail currently has around 65 stores across India. The plan was to have a total of 90 stores by March next year, of which the new ones would be a mix of hypermarket and speciality formats.