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| VLCC to open 35 centres | | | Early Times Reporter
Jammu | Feb 20
Driven by the buoyant market trends in the wellness domain, VLCC the region’s premier preventive healthcare and beauty care brand announced plans to increase the number of centres in middle east to 35 by 2010 compared to the originally planned 28. The company has committed over AED 200 million to fund the expansion in the region.
An announcement to this effect was made at the inauguration of VLCC’s seventh centre in UAE. The new centre, at AI Quasais in Dubai, was inaugurated by Sheikh Mohammed Bin Jma AI Maktoum. Also present on the occasion were Vandana Luthra, founder and mentor, VLCC and Mukesh Lutra, chairman and managing director of VLCC group, and special invitees. The opening of the centre is part of VLCC’s aggressive roll out in the middle east. In the next 6 months the AED 400 million companied will have operating centres in Oman, Bahrain, Kuwait and Qatar. The first centre in Muscat (Oman) is scheduled to open in March 2008.
Speaking on the occasion, Vandana said we are extremely pleased to announce the opening of our new centre at AI Quasais. VLCC’s distinct offering has been well received in the UAE. This has prompted us to increase the peace of our proposed roll out in the region. She added that VLCC is also planning an initial public offering (IPO) in 2009. the details of the IPO will be announced later in the year. The capital raised would be used mainly to fund VLCC’s growth plans in the middle east and beyond and further expansion in its three lines of business slimming and beauty and nutrition education and training services.
The new centre at AI Quasais will offer VLCC’s signature session based slimming services including weight loss, body therapies, body firming, body contouring, gel therapy and other weight maintenance and beauty programmes.
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