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Apple leases 8,000-sq ft unit in Bengaluru for third India store
Financial Express Hyderabad
|May 30, 2025
TECH MAJOR APPLE has leased 8,000 square feet of retail space at Bengaluru's Phoenix Mall of Asia for its third outlet in the country, industry sources have told FE.
It will pay an annual rent of about ₹2.09 crore—₹17.4 lakh per month—with a revenue share of about 2% for the first three years of operation, sources said. The revenue share is likely to increase to about 2.5-3% of its top line thereafter. The lease agreement is for about 10-11 years, sources said.
Diese Geschichte stammt aus der May 30, 2025-Ausgabe von Financial Express Hyderabad.
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