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| Exchange Disseminated Time | Archies Ltd has informed BSE that the Company is going to launch a new chain of Retail Stores named as "STUPID CUPID" dealing in Fashion Accessories and Premium gifts to give another choice to the Company's prospective customers. The Company would be opening 5 stores by the end of this financial year and another 10 stores in the next financial year. Initially, the stores would be opened in Delhi and NCR and thereafter the Company will move to Mumbai, Kolkata, Bangalore and other metros.
As on date number of Company owned stores is 55 and another 133 stores are in pipeline, which will be opened in a phased manner over next two years. The Company has already booked the Retail space for these 133 Company owned stores in upcoming Shopping Malls across the country. The Company also have 425 franchise stores in 180 cities in India and 6 neighbouring countries.
Further the Company has informed that recently the Company has tied up exclusively with World's best stuffed toys & gift Company "RUSS" of England and also with "FLORENCE" of Italy for limited edition of their porcelain figurines. |
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