Le Lavoir Ltd inks agreement with Orex Coliving Spaces Pvt Ltd for providing Laundry Services

Le Lavoir Limited has entered into an agreement with Orex Coliving Spaces Private Limited (Union Living) for providing wet cleaning, washing and dry-cleaning services under the brand name "Le Lavoir". The Company is targeting to expand its reach across various institutions and also plans to enter the retail market segment to cater to consumer needs. The Company is pleased to announce the introduction of its organized laundry service offering, designed to enhance convenience, consistency, and service transparency across residential communities.

On the business outlook, Mr. Sachin Kapse, Managing Director of Le Lavoir Limited said, "This strategic initiative, in collaboration with Union Living, signifies a major advancement in Le Lavoir's approach to providing laundromat services to the hospitality sector. The service has been developed with a focus on creating a streamlined and reliable experience for residents. Through a structured pickup and delivery framework, Le Lavoir Limited aims to simplify daily routines while ensuring high standards of garment care and hygiene. The move is expected to enhance operational synergies, broaden the customer base, and support long-term growth initiatives."

On the deal announcement, Mr. Ashok Dilipkumar Jain, Director cum Chairman at Le Lavoir, exuberantly added, "We are excited to enter into this contract with Orex Coliving Spaces Private Limited (Union Living) which reinforces confidence in our business and the trust that renowned hospitality brands in Mumbai have placed in us, both in the past and going forward. We remain focused on building a reliable and scalable service platform, with the objective of becoming a preferred and trusted partner across markets in India. Our efforts remain aligned with the Government of India's 'Make in India' and 'Atmanirbhar Bharat' vision, as we work towards contributing to a more self-sustained and quality-driven service ecosystem."

Shares of LE Lavoir Ltd was last trading in BSE at Rs. 218.00 as compared to the previous close of Rs. 220.55. The total number of shares traded during the day was 16265 in over 230 trades.

The stock hit an intraday high of Rs. 220.55 and intraday low of 201.25. The net turnover during the day was Rs. 3483996.00.

Source : Equity Bulls

Keywords

LELavoir INE204S01012 LaundryServices Agreement OrexColivingSpaces