The Kishore Biyani-promoted Future Group plans to open 25-30 Big Bazaar outlets by June 2012. The group will invest Rs 300-crore for the venture. The Future group currently owns 152 Big Bazaar stores in the country.
"We will be investing Rs 300 crore for Big Bazaar and for the stand-alone (Fashion) it should be another Rs 70-80 crore," said Future Value Retail Joint CEO (East & South) Sadashiv Nayak. "We are planning to add 25-30 stores on the Big Bazaar front. Our target for this year is 30 stores for Fashion at Big Bazaar and we already have 13 stores, so real estate provided we should be able to achieve our target," he added.