Luxury Retail
-
Opportunity India Desk Oct 31, 2020 - 3 min readGem Selections, a unit of Khanna Gems Private Limited, is planning to launch 50 stores by March 2021. These new stores would be an amalgamation of company-owned & franchised outlets. Currently, Gem Selections has 9 offline stores and has launched 8 new ones in this very year, at the Le Meridien Hotel, New Delhi; Janak ...
-
Opportunity India Desk Sep 29, 2017 - 1 min readIBJA Gold, an initiative of India Bullion and Jewellers Association in partnership with Rajesh Wadhawan Group. It is said to have set up the first exclusive gold coin showroom in India at Mumbai and offers a range of genuine gold coins consisting of 500 plus designs under one roof. Deepak Tulsian, Business head of IBJA ...
-
Opportunity India Desk Sep 29, 2017 - 1 min readGitanjali jewellery, one of the renowned diamond and jewellery houses of India has launched new product Lumineux Uno.Lumineux Uno is a new metal created by Unolux Metallo Valenza S.R.L., after years of careful research and development. It is a unique alloy formed from the amalgamation of four precious metals i.e. gold, platinum, palladium and silver.The ...
-
Opportunity India Desk Sep 29, 2017 - 2 min readLeading watch and jewellery maker Titan on Friday created a new space on the online jewellery segment, acquiring a majority stake in online jewellery brand CaratLane for an undisclosed amount. The board of company approved the acquisition subject to due diligence. “Titan will acquire over 51% stake in the company and post the acquisition CaratLane ...
-
Opportunity India Desk Sep 29, 2017 - 2 min readTo begin with, the brand plans to open two stores in Mumbai and one each in Delhi and Chandigarh in the next two months.In interaction with TFW Bureau, Bhavin Mehta, Co-Founder and Managing Director, Jewel Hub, said, “We may call it the reverse retail revolution. Unlike several brick and mortar retail outlets foraying into e-commerce, ...
-
Opportunity India Desk Sep 29, 2017 - 1 min readCurrently, the firm has a presence of total 21 stores, out of which 18 stores are operational in Maharashtra, Goa and Madhya Pradesh, two stores are located in the USA and one store in Dubai. “Domestically, we are looking for retail expansion in diverse locations such as Madhya Pradesh, Karnataka, Telangana and Chhattisgarh. Internationally, we ...
-
Opportunity India Desk Sep 29, 2017 - 1 min readVoylla Retail Pvt Ltd, which operates fashion jewellery and accessories e-tailer Voylla, is going to generate entrepreneurial opportunities as it eyes physical store expansion in India. The Jaipur-based brand, which has just raised $15 million in fresh funds from private equity firm Peepul Capital, intends to expand its retail network to 100 outlets. The firm ...
-
Opportunity India Desk Sep 29, 2017 - 2 min readDespite weak economic environment and poor monsoon, franchisees are hopeful of better jewellery sales than last year ahead of Dhanteras and Diwali. Jewellers also expect more demand for investment-related items like coins and bars following the launch of three schemes by Prime Minister Narendra Modi earlier this week. However, franchisees feel people like ...
-
Opportunity India Desk Sep 29, 2017 - 2 min readTitan Company results for Q1FY16 came out below estimates. Titan’s Net sales declined 6% to Rs27.1bn (est Rs28.9bn), EBITDA declined 19% to Rs2.2bn (est Rs2.7bn) and net profit declined 15% to Rs1.51bn (est Rs1.87bn). Watch volumes declined 4%; jewellery volumes declined 10% due to absence of Golden Harvest sales in the quarter. ...
-
Opportunity India Desk Sep 29, 2017 - 1 min readSangini, a brand of Gitanjali Gems Ltd is planning to expand its retail presence in India. Currently, the brand operates one franchise outlet and plans to add open nearly 12 stores across the country. For the expansion the brand is looking forward to partner with potential franchisees in metro cities along with tier I and ...