In India, Montblanc’s Luxury Goods Looking Up

European luxury firm Maison Montblanc, which has a joint venture with India’s Bangalore-based Titan, is looking at a turnover of $100 million  over the next four years. The joint venture currently has seven boutique stores, and Titan’s managing director Bhaskar Bhat said, “We have a plan for about 25 stores under the joint venture … which is a five year journey plan, but we believe we can do it faster.”

Titan Logo

Business Standard reports that the boutiques will sell writing instruments, watches, men’s accessories and leather goods. “Large cities are our primary thrust for stores. We will explore some online [business] because the non-metro customer certainly has an allure of MontBlanc. We are not considering physical stores in non-metros right now,” Bhat added.

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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