DLF plans retail expansion

DLF plans retail expansion, to open 600 stores in five years
DLF, india's largest real estate company, plans to become a major retail player by opening 600 stores in less than five years through its retail management subsidiary DLF Brands. Planning a major expansion, DLF Brands has unveiled the plan of opening these stores by 2012-13 with an investment of Rs 7,500 crore. It also plans to bring around 15 international labels in the country in five years. DLF Brands has formed a JV with Italian menswear brand Boggi and Italian luggage brand Piquadro. It has franchise agreement with Italian apparel and accessories brands Alcott, Sia Home Fashion of France and Sun Glass Hut.