Future Group to set up its Central store in Kolkata's Metro Cinema property

An industry source said the Metro Cinema project will also have space for a four screen Inox multiplex, a food court and car parking.

KOLKATA: Future Group is going to set up its Central departmental store in the heritage Metro Cinema property on Esplanade in Kolkata having taken around 60,000 sq ft on lease which is being currently re-developed. The store is likely to open after a year.

Future Group CEO Kishore Biyani confirmed the group is opening up a Central store in the Metro Cinema property. He said the property owner will ensure that the heritage status of the building is maintained. He did not share anything more.

An industry source said the Metro Cinema project will also have space for a four screen Inox multiplex, a food court and car parking. However, Biyani said availability of parking will not be a major issue since several consumers now avail app-based cab services like Ola and Uber.

The group is also taking up the Grace Cinema located on Mahatma Gandhi Road in the city which will be converted to a Big Bazaar outlet, said regional head Manish Agarwal.

Future Group will also take the West Bengal government’s retail chain Biswa Bangla national in its Central store. Biyani said the group is in talks with the government to set up the stores in at least 12 Central stores in cities like Delhi and Mumbai amongst others. The Biswa Bangla stores sell the state’s fashion products like saree, handicraft and other products.

The group on Saturday opened its first Central departmental store in Kolkata at Rajarhat spread over a lakh square feet. The store will have 500 brands several of which would be exclusive such as Tommy Hilfiger, Guess, Gucci, FCUK, Giorgio Armani, Calvin Klein, Diesel, Versace and Dolce & Gabbana.
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