Titan and global luxury firm Maison Montblanc, which have signed a JV to open retail stores in India aims at investing around 250 cr for the coming five year to open up 50 store in the country.
Maison Montblanc, an international luxury retailer has recently announced its tie-up with one of India's largest lifestyle company and specialty retailer, Titan Company Limited.
Titan will add about 100 more outlets across its retail formats of World of Titan, Fastrack and Helios this fiscal to increase its presence in small towns..
Fragrance is a Rs 15,000 crore - Rs 20,000 crore market in India. But only 10 percent share is in organised sector and rest of the market is in unorganised sector.
The cabinet has approved 51% FDI in multi brand retail, vesting the decision in the hands of state capitals. What does this move spell for Indian retail?