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Friday, January 8, 2016
Van Heusen opens first digital store in Bengaluru
Friday, August 24, 2012
Landmark open to more brand tie-ups
Jagtiani, who runs the business along with husband and Middle Eastern retailing czar Micky Jagtiani, said India clocked over Rs 3,000 crore in turnover last year with a growth of 30-35 per cent annually even as the group looks to bring more brands across different categories here. "We have been here for 11 years and as a group we believe in each one of our businesses. Grocery retailing has been important for us. Auchan is a great hypermarket partner with a track record of success in emerging markets so this part of the business will be significant for the group," said Jagtiani, vice-chairperson of Landmark Group.
The group, which will be the franchise partner for the French retailer, aims to open 10-12 hypermarkets every year after it decided to discontinue its association with Dutch retail chain Spar. Jagtiani said if the Indian government decides to open up the multi-brand retail sector to foreign investment, it may look to change the ownership of Auchan iprovided both the parties agreed on it. The group has gone slow in its investment behind its fashion portfolio other than through Lifestyle and Max stores. "We are always on the lookout for brands and are open to associations, we are not limiting ourselves," said Jagtiani, who was instrumental in setting up the multi-brand fashion retail chain Splash.
Landmark group franchises international brands such as New Look, Aftershock, Reiss and Koton in the Middle East as well as Bossini and Kappa in India. The group withdrew Springfield and Vincci from the Indian market during the 2008 economic downturn and cut back on expansion of other fashion brands, the report added.
Thursday, March 24, 2011
Van Heusen to target smaller cities
Having invested around Rs 35 crore so far in opening exclusive stores, they will now invest Rs 4-5 crore each year to open the new outlets under a franchise model.
With aims to transform itself into a complete lifestyle brand, non-apparels will also be sold under the international Van Heusen brand, which was launched in
A whole gamut of products including men's ties, belts, footwear, eyewear, watches and luggage will soon be available under the premium brand name. They will also enter the women's shoes and bags segment.
"We expect a good demand for these products as we can offer a complete shopping experience to our customers. In the next three years, the non-apparel business should contribute around 8-10 per cent to our total sales," Ramachandran said.
Source : Indian express.com
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