Spencer’s Retail to open 70 Beverly Hills stores

Spencer’s Retail will open 70 stores of the premium brand Beverly Hills Polo Club across India during the next fiscal. The company said it has earmarked Rs 20 crore for the purpose and is negotiating with various mall developers to avail themselves of the best rental schemes. The company had introduced Beverly Hills Polo Club brand in August this year.At present the company has four company owned stores in Delhi and has a target to have our presence in 30-40 cities by 2011, through both franchise in India and company owned stores, said by the company official. The company is also negotiating with various mall developers to work on models like revenue sharing or minimum guarantee of the stores.