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.
Bu hikaye Images Retail dergisinin June 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Images Retail dergisinin June 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Our Malls Should Reflect the Customer of Today
Twenty four years old Sanya Runwal, Director - Retail, Runwal, speaks about the guiding principles behind the group's retail transformation, future developments and her vision for brand Runwal as the next generation leader
D2C Brands Flag Bearers of India's Growing Digital Economy
Bypassing the intermediaries and traditional distribution channels, and leveraging digital platforms and cutting-edge technologies to service consumers directly, D2C brands have emerged as a disruptive force on the Indian retail landscape
From Sleeplessness to Success
The dream journey of The Sleep Company from being a D2C startup founded to help Indians sleep better to crossing 100 stores and ₹500 crore ARR under five years to become one of the fastest growing D2C-first brands
REDEFINING FASHION RETAIL WITH EXPANSION, DIGITAL INNOVATION, AND SUSTAINABLE GROWTH
CnM Chunmun, a name synonymous with fashion and lifestyle retail in North India, is embarking on an exciting new chapter in its impressive 40-year journey.
Retail Sector Records Strongest Hi Leasing in 5 years: CBRE
Leasing in Bengaluru, Chennai, and Delhi-NCR accounted for 59% share during Jan-June 2024.
Lulu Mall Bengaluru Welcomes 5 New Brands
Lulu Mall, Bengaluru, operated by the multinational developer Lulu Group, has expanded its portfolio by welcoming five new retail brands, the company wrote on social media.
Gujarat gets its First IMAX at Palladium Ahmedabad
Mumbai-based PVR Cinemas opened a new theatre at Palladium Ahmedabad, a social media post by a company official.
Budget 2024-2025: What's in it for Retail?
An overview of all the retail ecosystem-related measures in the Budget 2024-2025 revealed by Finance Minister Nirmala Sitharaman in her 7th budget speech.
Identity As a Service (IDAAS) Simplified
An explainer on Identity and Access Management-As-A-Service (IDaaS) in the context of retail.
6 Ways in Which D2C Brands are Redefining Physical Stores
From quirky fixtures to restageable elements, D2C brands do it differently when they open brick-and-mortar stores