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Italian pen maker Montegrappa partners Matrix Distributors, to open five boutiques in India in 2015

Industry Retailing

Montegrappa, pen manufacturer from Italy, has formed a 51:49 joint venture with Matrix Distributors in India to open at least five boutiques across the country. Two new stores will be opened in Apr ’15, while the other three are likely to come up in Bengaluru, Hyderabad and Pune or Kolkata all will be opened in 2015.

Extracted from ET, Apr 22,’15

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