Switzerland-based lifestyle brand for men, Swiss Military, has
embarked on a store expansion plan to enhance its presence in India. It has
outlined capital investment of Rs 200 crore to set up its own stores and in
developing a logistics and warehousing network, a company official said.
“We have been selling our range of products in India since 2011-12
and now time has come to go for a major retail presence. We have decided to
have 172 stores in key markets across India,” Anuj Sawhney, MD, Swiss Military
Worldwide. He further added: “The company would own and run 12 stores and the
rest 160 outlets would come up through the franchise route. The store rollout
will start from May and all the 172 stores will be up and running by the end of
2017.”
Swiss Military Lifestyles Products Ltd is the Indian marketing arm
of the company. The company’s international range includes travel gear, writing
instruments, watches, garments, accessories, kitchenware, eyewear, leather
goods, outdoor/ hiking equipment, footwear, cosmetics and electronics. The
company has over 1,800 stock keeping units in the global portfolio. Swiss
Military will soon introduce watches in India and by June it has plans to offer
bicycles to its customers in the price range of Rs 12,000 to 25,000. Better
footprint outlines capital investment of Rs 200 crore and plans 172 stores in
key markets across India.
Incepted in 1984 with only watches, Swiss Military has now
increased its portfolio to a large range of products from key chains to
bicycles across 26 countries.
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