Titan Industries, India’s leading watch maker is all set to invest a lumpsum amount for retail segment. The brand is planning to increase its retail stores by setting up 150 stores pan India in various formats. The total amount of investment planned is Rs 170 crores.
Reports say that a large part of the investment would be directed in setting up large format Tanishq stores. Besides Tanishq, the company retails watches and eyewear under Titan, Sonata, Xylys, Fastrack, Titan Eye brands, which will also be part of the expansion.
Currently, the company has a cumulative of over 560 retail stores across India for its various brands.