Landmark Group, a leading retail and hospitality conglomerate, has announced a massive $1 billion investment plan aimed at expanding its footprint across the Gulf, India, and Southeast Asia over the next three years. This ambitious strategy will see the group open 400 new stores and significantly enhance its e-commerce, supply chain, and technology capabilities.
With a current portfolio of 22 brands across 2,200 stores in 17 countries, covering 33 million square feet, Landmark Group aims to increase its retail presence by 20% by 2028. The company, which recorded annual revenue exceeding $7 billion in FY’23-24, plans to introduce its VIVA brand in Saudi Arabia by 2025 and launch Babyshop in four Indian cities within six months.
Renuka Jagtiani, Chairwoman of Landmark Group, highlighted the group’s dedication to enhancing customer experiences through its branded products and physical stores, while also focusing on e-commerce and technological innovation: “Physical stores remain a vital part of the retail experience, and we continue to upgrade store design whilst we invest in e-commerce and in the latest technology and innovation. We believe that this is key to staying relevant to ensure a seamless customer experience, both on and off-line.”
Kabir Lumba, CEO of Landmark Group, emphasized the group’s commitment to digital and physical growth, citing a 20% annual growth rate in online sales: “To maintain this trajectory, we are committing $1 billion in the next three years towards our physical expansion and upgrading our e-commerce, technology, and supply chain capabilities.”
The expansion plan will leverage Landmark Group’s extensive logistics network, which includes a $350 million Mega Distribution Centre in Jebel Ali and 12 million square feet of warehousing capacity. Through Logistiq, the group’s third-party logistics firm established in 2022, Landmark manages 20,000 daily shipments across Saudi Arabia and the UAE with a fleet of 800 vehicles.
The group’s sustainability initiatives include a textile and furniture takeback programme in the UAE, with plans for GCC-wide rollout. Landmark Group has committed to achieving net zero emissions by 2050 and is a member of the Better Cotton Initiative.
