INSPIRATIONAL NEWS-MONTBLANC TITAN JV
MONTBLANC INKS JV WITH TITAN
Goodmorning Everybody
MONTBLANC = Writing instruments company, has partnered with Titan indus-
tries a part of the Tata conglomerate, in a 51:49 Joint venture, becoming the latest
foreign retailer to invest in the country after government loosened rules for single-
brand retailers.
Titan Industries makers of Titan Watches, Tanishq Jewelery Fastrack
Eyecare spectacales and Titan Skinn Perfumes
Titan Industries makers of Titan Watches, Tanishq Jewelery Fastrack
Eyecare spectacales and Titan Skinn Perfumes
Montblanc plans to enhance the lukury experience to customers in India where
it first opened its boutique at Delhi's Maurya hotel in the nineties. Today it has
some 16 boutiques in the country where demand for the lukury goods is growing
Montblanc is the second largest business owned by Richmont behind Cartier
accounting for 8 % of its 10 billion euros sales. Besides Pens, Montblanc sells
range of high-quality men's life style products such as Watches and Fragance
and Eyeware. Montblanc CEO Jerome Lambert said the firm's aim is to
become a leader in men's luxury accessories.
The Joint venture deal fits well in Titan's paln of upping its luxury play even as
it guns to touch $3 billion revenue in the next 2 years.
The Tata Group has been leading in building partnerships with Global brands
such as Starbucks and Singapore Airlines, Air Asia Airlines using
the Government's relaxed regulations in Retail and Aviation sector.
Along with other partnership with Sikorsky U.S.AgustaWesstland Italy for
making Helicopters, Lockheed Martin U.S. for assembling Aero - Structures.
Along with other partnership with Sikorsky U.S.AgustaWesstland Italy for
making Helicopters, Lockheed Martin U.S. for assembling Aero - Structures.
Analysts opines this could open like flood of Sunshine of oppurtunity in Indian
Retail, Luxury goods market sector where it would generate several billions
of dollars market place. ==TOI
THIS INSPIRATIONAL NEWS LIKE THE EARLY MORNING SUNSHINE
FOR BUSINESS COMMUNITY. **************
THIS INSPIRATIONAL NEWS LIKE THE EARLY MORNING SUNSHINE
FOR BUSINESS COMMUNITY. **************
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