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RAPAPORT... Tribhovandas Bhimji Zaveri (TBZ) of Mumbai will open its first showroom in Chhattisgarh, specifically a 2,900-square-foot store in Raipur at Prem Store on Malviya Road. TBZ stated that its opening of TBZ-The Original was timed to provide shoppers with a new bridal collection during the Holi festival and pre-wedding buying season. This location marks the company's 24th store. TBZ-The Original in Raipur will feature an elegant interior with ergonomic displays, comfortable chairs and ambient lighting, according to the retailer. The company has opened 10 new stores in recent months across Pune, Mumbai, Vadodara, Kolkata, Vapi, Bhavnagar, Vasai, Nagpur and Aurangabad. This past April, TBZ raised approximately $36 million (INR 2 billion) through an initial public offering (IPO) to fund its expansion and provide incremental working capital requirements. The company plans to open 43 showrooms by the end of the 2015 fiscal year.
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