M2 To Invest RM7.5 Million To Open 15 Branches Nationwide

KUALA TERENGGANU, April 2 (Bernama) -- Milan Lifestyle Sdn Bhd (M2) will invest about RM7.5 million to open 15 outlets this year to sell its branded clothing nationwide.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=938871
Published: April 03, 2013

Its Sales and Operations Department advisor Khor Kwang Hooi said the average investment for each shop is estimated at about RM500,000.

"We will open retail outlets in all the state capitals, including Putrajaya," he told Bernama after the opening of the M2 shop, attended by members of the Terengganu football team here Tuesday.

Also present was the President of the Terengganu State Football Association, Datuk Che Mat Jusoh, and Terengganu team coach E.Elavarsan.

The M2 shop is located in Jalan Paya Keladi in the Kuala Terengganu town centre.

Khor said over the long term, M2 plans to open 50 outlets throughout the country.

M2 is a new retail concept, promoted by a wholly-owned Bumiputera company in Milan Lifestyle Sdn Bhd, and offers popular branded premium products from Europe.

Among the brands are Fiorgio Armani, Emporio Armani, Armani Exchange, Hugo Boss, Roberto Cavalli, Salvatore Ferragamo, Polo Ralph Lauren and Tommy Hilfiger.

Khor said another M2 shop would be opened in Dungun for Terengganu, next month.

-- BERNAMA