The Centre for Asia-Pacific Aviation (CAPA) estimates that the duty-free spend at Indian airports will reach $1.6 billion by 2021 - an eight-fold increase, spread across a decade.
In order to enable multiple brands to open their online stores on its ecommerce platform, Paytm ties up with more than 1,000 brands including Puma, Samsung
The acquisition is part of Samsonite's ongoing strategy to enhance and strengthen its global multi-brand retail platform, as well as gain share in the large and growing travel retail market.