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Tablez, the organised retail arm of LuLu Group International, has announced that it has signed a strategic cooperation agreement with Chinese lifestyle brand, Yoyoso, to bring its stores to India.
Adeeb Ahamed, Managing Director, Tablez, inked the agreement with Ma Huan, Yoyoso Brand Founder and Company President, at Yiwu, China.
Headquartered in Yiwu, Yoyoso offers affordable, fashionable and trendy daily life products that have great functionality, quality, design, and value. There are more than 5,000 items in their product line, with new ones added every month. With more than a decade of experience in retail operations, the fashionable leisure department store chain has more than 1,000 stores worldwide.
Tablez plans to open Yoyoso stores in multiple locations across the country over the next five years, with 30 stores to be launched in key cities in the first phase, a statement issued here said.
The parent company of Tablez, LuLu Group International, in June announced that it would increase yearly exports for its retail stores from China, which currently stands at $220 million to $300 million. LuLu Group International is also looking at setting up hypermarkets in Yiwu and other major cities in China at an investment of $200 million.
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