Globus (clothing retailer)

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Globus
Public
Industry Retail Industry, Fashion industry
Founded 1998
Headquarters Mumbai, India[1]
Area served
India
Key people
Akshay Raheja - Vice Chairman, Vinay Nadkarni -Globus MD and CEO
Products Discount department store, clothing, Fashion_accessory, Apparel
Website Globusfashion.com

Globus is a retail clothing store chain, based in Mumbai, India. It is part of the Rajan Raheja Group. As of April 2012, the chain has 35 locations in 22 cities in India.[2]

Globus was founded in January 1998. Its first location (at 35,000 square foot store) opened in Indore in June 1999, followed by two locations in Chennai. Its Mumbai flagship location opened in November 2001. By May 2008 the chain had expanded to 24 stores, and started a push to greatly expand the number of locations.[3][4][5] The chain has previously announced bold plans to expand to a much larger number of stores, such as 150.[6]

The chain was run by Ved Prakash Arya from its founding until March 2004.[7]

Currently, it is run by Vinay Gajanan Nadkarni, who serves it as the Managing Director and CEO. Nadkarni, who took over from Arya in 2004, opened the 36th store in February 2013.

Kareena Kapoor became the brand ambassador in 2008, and planned to launch her own clothing line with the store.[8]

In 2007, Globus created the world's largest Christmas stocking, which was 111 feet tall.[9]

References[edit]

  1. ^ Corporate Office
  2. ^ (4 April 2012). Pune gets its third Globus store, IndiaRetailing.com
  3. ^ Madaan, K.V.S. Fundamentals Of Retailing, p. 288 (2009)
  4. ^ Lamba, A.J. The Art Of Retailing, p. 104-05 (2003)
  5. ^ (1 November 2001). Globus unveils in-house brand in Mumbai store, The Hindu
  6. ^ "Kareena Kapoor is the new face of Globus". Bollywoodhungama.com. 2007-08-28. Retrieved 2010-11-23. 
  7. ^ Sabarinath, M. (8 March 2004). Globus chief Arya quits, is COO of Pantaloon, The Economic Times
  8. ^ ""I am launching my clothesline with Globus" - Kareena". Bollywoodhungama.com. 2008-02-16. Retrieved 2010-11-23. 
  9. ^ Globus. "Press release: Globus Unveils the Tallest Christmas Stocking in the World - Contending for the Top Slot in the Book of Records". BusinessWire India. Retrieved 8 June 2012. 

Further reading[edit]