NEW DELHI: Tata Group company Titan and global luxury firm Maison Montblanc, which have formed a joint venture to open latter’s retail outlets in India, will invest around Rs 250 crore in the next five years to take the store count to 50. “We would have around 50 luxury boutiques by 2020-21 in 40 towns which include eight cities and tier II towns,” Titan Managing Director Bhaskar Bhat said. The JV is investing around Rs 5 crore in one store, he added. “In top eight .. Read more at: http://economictimes.indiatimes.com/articleshow/50472620.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesTitan Montblanc JV to have 50 stores in 5 yrs, to invest Rs 250 crore
Industry: Other 2016-01-07
