| Company type | Private |
|---|---|
| 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 |
| Owner | Rajan Raheja Group[2][3] |
| Website | https://globusfashion.com/ |
Globus Stores Private Limited is a retail clothing store chain, based in Mumbai, India.[4] It is part of the Rajan Raheja Group. As of June 2021, the chain has more than 35 locations in 22 cities in India.[3]
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History
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.[5][6][7] The chain has previously announced bold plans to expand to a much larger number of stores, such as 150.[8]
The chain was run by Ved Prakash Arya from its founding until March 2004.[9]
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.[10]
In 2007, Globus created the world's largest Christmas stocking, which was 111 feet tall.[11] it has chains in Kanpur, Pune, Lucknow, Mumbai, etc.
References
- ^ Corporate Office
- ^ Rajan Raheja group (9 October 2009). "RRG advertisement". rahejaqbe.com. Archived from the original (PDF) on 26 September 2017. Retrieved 24 July 2018.
- ^ a b (4 April 2012). Pune gets its third Globus store Archived 2012-04-06 at the Wayback Machine, IndiaRetailing.com
- ^ "Globus Stores Pvt Ltd: Company Profile". Bloomberg. Retrieved 24 July 2018.
- ^ Madaan, K.V.S. Fundamentals Of Retailing, p. 288 (2009)
- ^ Lamba, A.J. The Art Of Retailing, p. 104-05 (2003)
- ^ (1 November 2001). Globus unveils in-house brand in Mumbai store, The Hindu
- ^ "Kareena Kapoor is the new face of Globus". Bollywood Hungama. 28 August 2007. Retrieved 23 November 2010.
- ^ Sabarinath, M. (8 March 2004). Globus chief Arya quits, is COO of Pantaloon, The Economic Times
- ^ ""I am launching my clothesline with Globus" - Kareena". Bollywood Hungama. 16 February 2008. Archived from the original on 28 September 2014. Retrieved 23 November 2010.
- ^ Globus. "Press release: Globus Unveils the Tallest Christmas Stocking in the World - Contending for the Top Slot in the Book of Records". BusinessWire India. Archived from the original on 18 January 2013. Retrieved 8 June 2012.
Further reading
- Chennai stores of Globus relaunched – Economic Times
- Globus ropes in Kareena as brand ambassador – Money – DNA
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This page was last edited on 19 January 2024, at 18:33