Bhatbhateni Rebuilds After Gen Z Protests, Reopens Stores
Summary
Bhatbhateni Superstore says 7 of the 12 branches damaged during the Gen Z protests are back in operation, with the rest being rebuilt in phases. The company says total losses from arson and looting reached about Rs 10.86 billion and that it has continued employee benefits and expansion plans despite the damage.
Key Points
- Bhatbhateni says 12 branches were completely damaged during the Gen Z protests, causing total losses of about Rs 10.86 billion.
- Seven of the damaged branches, including the central warehouse in Baluwatar, are now operational, while five more are being rebuilt.
- The company says reconstruction has included upgraded systems and new merchandise, increasing costs by 20% to 30% beyond the original damage.
- Bhatbhateni says it has more than 22 stores operating nationwide and plans to open several more branches in the coming financial year.
