In the bustling landscape of Bengaluru, Prestige Group stands tall as a pioneer in creating shopping and entertainment hubs. The journey began in 2004 with the iconic Forum Mall at Koramangala, a landmark destination that redefined the city's retail experience. Since its establishment, Forum as a brand has been synonymous with convenience and innovation, setting the benchmark for mall developments in the country. However, the ambitions extended beyond one success story and over the next 16 years, the Forum brand was extended across 11 malls in six cities.
V Muhammad Ali, Chief Executive Officer (CEO) of Forum Malls, Prestige Group compares the group's metamorphosis to that of a butterfly.
"Beginning as a caterpillar with the inception of the first mall, we have metamorphosed through various stages of development, emerging as a butterfly with the launch of new, innovative properties. This evolution signifies the advent of Malls 2.0, a new wave that we are currently riding with great enthusiasm and high spirits," he said.
Forum 2.0
The Group built malls, sold them, and is now rebuilding with renewed vigour and innovative concepts, blazing into its exciting second phase of mall development-Forum 2.0.
"Forum 2.0 was the vision that spurred the development and opening of Forum South Bengaluru in December 2022 to redefine urban retail experiences," recalled Ali.
Within a year of its grand opening, in December 2023, Forum South Bengaluru achieved a record gross turnover of 108 crore, a testament to its unparalleled popularity, success, and commitment.
"Achieving the milestone of 100 crore a month to become a part of the elite Big Billion Mall Club, within the inaugural year gave us wings to soar higher into Phase 2 of development. It also solidified our position as a premier shopping destination in Bengaluru," said Ali.
Denne historien er fra June 2024-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 2024-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Building the Midmanagement is Critical in a Scaling Organisation
Nirav Jagad, Chief People Officer of Sugar Cosmetics speaks about ensuring the right! opportunities for the right talent in a complex omnichannel organisation that is on a fast track to growth
Uppercase Upping the Ante
Travel gear brand Uppercase is upgrading the standard of luggage in India through innovative approach and prodcuts and sustainable practices
The Strategy is to Go City by City and Saturate Each
Gerard McGurk, Head of Retail and Commercial Operations at Index Living Mall and Mahesh M, CEO, Creaticity speak about Thailand's numero uno furniture brand's strengths, its India entry and strategy
Design and Experience Differentiate Indriya from Competitors
Sandeep Kohli, CEO of Aditya Birla Jewellery’s Indriya about the brand’s strengths, strategies and aspirations
At Good Glamm, AI Chatbots Have Slashed Workload by 70-80%
Deep Ganatra, Chief Product & Technology Officer (CPTO), The Good Glamm Group sheds light on the role of technology in the beauty and wellness industry and its impact on personalisation
How Blinkit, Swiggy Instamart, Zepto and Others are Redefining Shopping
A quick snapshot of India’s quick commerce landscape highlighting key players, challenges and opportunities
Electronics and Q-commerce: A Marriage of Convenience
Why more and more electronics and gadget brands are taking to q-commerce
5 ways D2C Brands Can Leverage the Power of Technology
The direct-to-consumer (D2C) market in India is at an exciting juncture, with brands redefining how they operate, innovate, and engage with consumers. But what does the future look like for these brands as they adopt technology?
The Business of Offering Immersive Experiences
Shopping centers are using immersive experiences to attract more shoppers and boost business
5 ways D2C Brands Can Maintain the Growth Momentum
D2C brands should embrace a customer-first mindset, leverage technology, and know when to expand offline to keep the growth momentum going
