Financial Daily from THE HINDU group of publications
Wednesday, Apr 20, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 20, 2005 |
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Corporate
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Announcements Marketing - Retailing Rajesh Exports to enter retail jewellery market Our Bureau
Bangalore , April 19 RAJESH Exports is gearing to enter the retail business to market its jewellery as part of its long-term strategy to increase profits. The company is engaged in wholesale business with exports constituting 85 per cent of its total turnover, which is set to touch Rs 4,000 crore this year. It has engaged Ernst &Young to assist it in the business planning process for launching its branded retail venture in about two months, said Mr Rajesh Mehta, Chairman. He said the company would also be branding its products in the export market with its designer jewellery. Talking to Business Line, Mr Mehta said his company also plans to enter the diamond business coinciding with the launch of the branded retail venture for selling diamond jewellery.
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