Swarovski to double its retail network

Crystal jewellery and accessories maker Swarovski is planning to invest 10 million euros over the next five years in India thereby doubling its retail network here. According to Francis Belin, Senior Vice-President for Swarovski Consumer Goods Business in Asia Pacific region, most part of the investment will go into opening exclusive outlets.

The brand, which presently has 41 outlets in the country, wants to form a 100 per cent owned single-brand retail subsidiary and is awaiting approval for its investment proposal. The brand is known for the finest crystals manufactured by it. Found in 1895, the company provides creative talents from the world of fashion, jewelry, accessories, interior design and lighting with the latest on-trend crystals innovations.