Joyalukkas plans retail expansion

Joyalukkas, a leading jewellery retail entity plans to expand its retail base both in domestic and international markets, pegged with a Rs. 1,500-crore investment. It plans to set up 20 domestic and 10 international outlets, reports say. At present the company has 95 outlets, reports add.

The overseas expansion is being looked at as a step to address the Indian clientele in countries like USA and Sri Lanka. It currently caters to consumers in London, Singapore, the UAE, Saudi Arabia, Bahrain, Oman, Kuwait and Qatar, reports say. In India, the company plans a concentration in tier II cities, reports add.