TBZ to open 57 new show rooms with investment of Rs 1000 crore

Aug 16 (PTI): Jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) announced its plan to open 57 new show rooms in 11 states with the investment of over Rs 1000 crore, a top executive said.

"TBZ currently has 16 show rooms in 10 cities across five states and intends to open 57 show rooms in 11 more states for which we will invest over Rs 1,000 crore," TBZ chairman and managing director Shrikant Zaveri told reporters here after inaugurating its new showroom in the city.

On TBZ's expansion in Gujarat, Zaveri said the retailer will open eight more show rooms in the state with total investment of Rs 250 crore."The show rooms will be opened in the cities of Vapi,Morbid , Gandhinagar, Gandhidham, Ahmedabad and other locations," he said, adding the company has clocked an annual turnover of Rs 1385 crore in FY12.

"Our new showroom will provide the unique shopping experience that suits various festive occasions and moment of joy and celebration. Our trendy jewellery products are designed to meet the people's aspirations through their elegance, style and modernity," Zaveri added.

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