The subsidiary of the UAE-based conglomerate Lulu Group, Tablez plans to expand its network from 67 to 250 stores across India.
Tablez is a multi-brand retail company that prides itself on offering an authentic and personal experience to its customers by introducing unique concepts. An organised retail arm of Lulu Group International, Tablez offers diverse interests in fashion, lifestyle, speciality retail and food and beverages.
The company entered the Indian market five years ago with a focus mainly on the South of India throughout the retail and food segments. The company is now looking to invest Rs 75 crore every year for the next five years.
Vasudevan Balakrishnan, Chief Operating Officer at Tablez, commented: “The Company will be probably looking to cross Rs 500 crore turnover. We will have 250 outlets and have some other revenue channels by then. The company is still optimistic about its growth target for the Indian market despite the pandemic-related disruptions.”
