Wednesday, May 11, 2011

Pressto on mega expansion mode; seeks franchisees

Dry-cleaning and laundry service chain Pressto plans to reach the 100-store mark in the next 2-3 years via franchise model. It plans to invest around Rs 20 crore to fuel its expansion plans, reports IndiaRetailing.

Esther Lennaerts, executive chairperson, Pressto, said, “We would invest around Rs 20 crore for expanding retail footprint.” It currently has 12 stores -- eight in Mumbai and four in Delhi.

In this calendar year, Pressto plans to double the store count to 25 and to expand to cities such as Pune and Bangalore.

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