The JV of Titan and Maison Montblanc is planning to open 50 retail outlets in India in the next five years with an investment of Rs.250 crore. It has opened its third outlet in the National Capital. The other two are in Mumbai and Pune. The JV has plans to tap cities such as Chandigarh, Surat, Kochi, Jaipur, Bhopal, Indore, Lucknow and Patna.
Extracted from ET, Jan 06,’16