Titan plans aggressive franchise expansion

Titan Industries, a manufacturing company for watches and a range of other personal accessories is planning to add 250 stores to its network across the nation this fiscal year, confirms V Govindraj, VP, Integrated Retail Services, Titan.

The expansion plan includes the opening of around 60 to 70 Fastrack stores, 20 stores of Tanishq, six to seven outlets of Goldplus and 40 operational stores of Helios in the country. Majority of this expansion will be done through the franchise route.

Presently, the company is operating through three stores of Helios, a high-end multi-brand watch chain; 29 Goldplus retail stores (mass-market jewelry brand) and 646 stores across India.