Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

The Phoenix Mills Ltd. opens doors of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

Posted On: 2020-07-08 09:04:54


As the gradual unlocking of India takes place, Lucknow will now have a new destination - Phoenix Palassio.

Spread across 13.53 acres and a built-up area of 1 million sq. ft, the mall has been used as an expansive canvas for the grandest architecture ever seen in shopping malls. Standing out distinctly on Shaheed Path expressway as a visual delight, the mall's linear colonnade fašade captures the eye. The mall is flanked by three grand entrances (in the North, South, and West) and a 200-feet tall musical fountain that introduces its visitors to its magnificence before they walk through its grand rotunda entrances. Phoenix Palassio's eclectic fusion of classic architecture with European and Awadhi influence pays homage to the city's rich cultural legacy and modern spirit.

Ensconced in high-arched ceilings and embellishing every inch of the mall's premise are 100 unique art chandeliersto dazzle patrons. Lighting, artwork, and sculptures at every corner come together to provide a sense of discovery as mall visitors continue their journey through Phoenix Palassio's tribute to Lucknow's artistic legacy. With a well thought out horticulture program, the landscaped exteriors complete the grandeur that this mall brings to the city of Lucknow.

More significantly, being launched in the COVID-19 phase, Phoenix Palassio prioritizes the well-being and safety of its shoppers - many of whom will be making their first trip to a mall since the first lockdown. The mall has implemented best global practices in its operating procedures to provide shoppers with an enhanced luxurious experience in a safe and stress-free environment. Phoenix Palassio has made significant investments in COVID-proofing every touchpoint. These include minimal contact services, floor markers to ensure social distancing, UV screening of bags, pre-sanitised shopping trolleys, hand sanitisers placed at multiple locations for easy access, and contactless payments at retail outlets and car parking. These have been implemented for customers, retail partners and employees, ensuring a safe retail experience for all.

Mr. Atul Ruia, Non-Executive Chairman, The Phoenix Mills Limited, said, "Phoenix Palassio is the first mall to become operational of the five that we are developing as a part of our ongoing expansion of over 5 million sq. ft. across Lucknow, Pune, Bengaluru, Indore and Ahmedabad. This expansion will see us double our mall portfolio by FY24. We are confident that as the nation unlocks, rigorous compliance to government guidelines and global best practices in retail will set the tone for the sector's revival. Phoenix Mills is focused on ensuring the safety of its patrons by setting new benchmarks in mall management and we put our best foot forward towards a new normal as we announce the opening of Phoenix Palassio in Lucknow today. The opening of Phoenix Palassio in the current environment is testament to our commitment to continue to serve and provide livelihoods, through our malls, to the communities that we operate in."

Speaking on the development, Ms. Rashmi Sen, Chief Operations Officer - Malls, The Phoenix Mills, said, "Our vision is to offer customers an unprecedented experience in all our properties, one that combines never-seen-before grandeur and luxury with international safety protocols. We are humbled and touched that our partners have expressed confidence in us in the current business climate as we open doors of close to 150 brands at Phoenix Palassio in the opening month."

Speaking on the notable brands that have partnered with Phoenix Palassio, she added, "We are happy to share that the mall is fully leased. Several renowned international and national brands have partnered with us, including some who will showcase their products in Lucknow for the first time. Phoenix Palassio will be introducing 60 new brands to Lucknow. Brands like H&M, Aldo, Mango, Bath & Body Works, Steve Madden, The Collective, Under Armour, Brooks Brothers, Armani Exchange, Gas, Cover Story, Charles & Keith amongst others will be opening doors in the city of Lucknow for the first time. Starbucks will also make a debut in Lucknow at Phoenix Palassio. Anchor brands like Lifestyle, Westside, Marks & Spencer, Shoppers Stop, Pantaloons, Max and Big Bazaar will make shopping at Phoenix Palassio an experience befitting even the most discerning shopper's palate."

"Having been associated with Lucknow for almost a decade via Phoenix United, we have a deep understanding and appreciation of the city's customers. Phoenix United has seen a positive response since its re-opening post the lockdown, signaling that the economy is slowly but surely on the recovery path. Our rigorous emphasis on safety and an unprecedented brand portfolio will make us a destination of the region in no time. The location in upscale Gomati Nagar extension will not only help the Phoenix Palassio garner footfalls from the Lucknow city's shoppers, but also attract consumers from nearby cities and towns such as Kanpur, Barabanki, Rae Bareli, Faizabad and Varanasi, who are keen to shop for premium and luxury brands and have elevated experiences." added Mr. Sanjeev Sarin, Centre Director - Phoenix Palassio.

Shares of The Phoenix Mills Ltd was last trading in BSE at Rs.584.15 as compared to the previous close of Rs. 586.1. The total number of shares traded during the day was 5300 in over 714 trades.

The stock hit an intraday high of Rs. 592.3 and intraday low of 581. The net turnover during the day was Rs. 3110322.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Sinclairs Hotels Ltd Q1 PAT at Rs. 0.48 crore

National Fittings Ltd Q1 loss at Rs. 0.68 crore

NESCO Ltd posts consolidated PAT of Rs. 51.32 crore in Q1FY21

MRF Ltd Q1FY21 consolidated net profit plunges to Rs. 13.46 crore

NIRLON Ltd reports Rs. 32.47 crore PAT in Q1

Valiant Communications Ltd Q1 consolidated net loss at Rs. 0.44 crore

Punjab Alkalies and Chemicals Ltd Q1 loss widens to Rs. 3.32 crore

The Ramco Cements Ltd Q1FY21 consolidated PAT at Rs. 117.25 crore

XPRO India Ltd Q1 consolidated loss at Rs. 12.70 crore

Infosys to accelerate Digital Skills and Innovation across Australia and New Zealand via its GovHack 2020 partnership

Wonderla Holidays Ltd. launches 2nd Wonder Kitchen Outlet at Rajarajeshwari Nagar, Bangalore

Parag Milk Food Ltd. introduces a new product to its premium category by launching Pride of Cows Curd

Mindteck Reports Financial Results for Q1 2020-21

Steel Strips Wheels Ltd promoter group release 44132 shares from pledge

Shriram Transport Finance Company Ltd announces Q1FY21 results

The Tata Power Company Ltd allots 49,05,66,037 Equity Shares to Tata Sons

Hero MotoCorp announces Q1FY21 results

Trent Ltd announces Q1 FY21 results

Minda Corporation Ltd Q1 consolidated loss at Rs. 35.40 crore

TATA Steel Ltd Q1 consolidated loss at Rs. 4648.13 crore

TIMKEN India Ltd Q1 PAT slumps to Rs. 3.15 crore

Mindteck India Ltd Q1FY21 consolidated net profit at Rs. 1.67 crore

TNPL reports earnings for Q1FY21

Balkrishna Industries Ltd board declares interim dividend of Rs. 3 for FY21

CARBOGEN AMCIS announces major investments of more than CHF 100 million in Switzerland and France

JSPL becomes first company to supply Head Hardened rails to Metro Rail projects in India

Paisalo Digital Ltd reports Rs. 15.06 crore consolidated PAT in Q1FY21

Hindustan Tin Works Ltd Q1 PAT at Rs. 0.79 crore

Shivalik Rasayan Ltd Q1 consolidated PAT lower at Rs. 2.50 crore

Rossell India Ltd Q1FY21 PAT soars to Rs. 9.12 crore

Shriram Transport Finance Company Ltd Q1FY21 consolidated net profit climbs QoQ to Rs. 319.25 crore

Excel Industries Ltd Q1FY21 consolidated PAT declines to Rs. 8.21 crore

Amines & Plasticizers Ltd Q1 consolidated PAT rises to Rs. 7.61 crore

Ishita Drugs & Industries Ltd posts PAT of Rs. 0.09 crore in Q1

PG Electroplast Ltd Q1FY21 loss widens to Rs. 8.48 crore

Orient Bell Ltd Q1 consolidated loss at Rs. 11.42 crore

Hercules Hoists Q1FY21 profit plunges to Rs. 0.24 crore

I G Petrochemicals posts consolidated PAT of Rs. 2.22 crore in Q1FY21

Endurance Technologies Ltd Q1FY21 consolidated loss at Rs. 24.90 crore

Balkrishna Industries Ltd Q1 consolidated PAT slides to Rs. 131.56 crore

BPCL Q1FY21 consolidated net profit at Rs. 2035.39 crore

AGC Networks completes the acquisition of Pyrios

Eicher Motors Limited announces financial results for the quarter ended June 30, 2020

TCS a Leader and Star Performer in Healthcare Provider Digital Services: Everest Group

GAIL reports Turnover of Rs. 12,060 crore, PAT of Rs. 256 crore in Ql FY21

Ahluwalia Contracts secures new order of Rs. 290 crore

Wipro Limited recognized as the winner of Data Estate Modernization 2020 Microsoft Partner of the Year

SKM Egg Products Export India Ltd board recommends final dividend of Rs. 0.50 for FY20

L&T Construction bags significant contracts from prestigious clients

Shoppers Stop Reported Revenue of Rs.60.7 Crs and EBITDA Loss of Rs. 132.8 Crs in Q1FY21







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019