Provogue postpones international growth plans
Friday, February 27, 2009 3:41 pmProvogue India Ltd has postponed plans to grow across Thailand, Singapore and Dubai till the month of September in the wake of the international financial chaos.
Reportedly, due to the international state of affairs the company has agreed to a wait-and-watch stand and has delayed the plan by a few months.
The company will begin to revisit the plan after September.
Nevertheless, plans to enlarge in India are in place.
It allocates nearly Rs.35 crore to develop 36 stores in FY10 pan India.
The company will also sign a licensing alliance for eye wear goods with an Indian firm.
