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Chennai, Aug. 15 Global luggage company Samsonite plans to invest $18 million or approximately Rs 77 94069428 nike shoes for boys crore in India over the next two years. This is besides the Rs 150-crore investment already earmarked by the company to increase its capacity at its Nashik plant, its largest unit across the globe. Speaking to Business Line, Dr Ramesh Tainwala, President Greater Asia, Samsonite, said, money will be pumped in to refurbish the company 343 stores in India.
The revamp, says Dr Tainwala, is part of Samsonite repositioning strategy to isabel marant store isabel isabel marant etoile marant lifestyle brand from luggage company. have realised that being just a luggage store does not really pull in too much of a crowd. In these newly revamped stores we will have a range of products including shoes, watches and eyewear, he added. Samsonite South Asia is a 60:40 joint venture between Samsonite Global and Dr Ramesh Tainwala. of the money will be invested by the Indian company and the buy isabel marant sneakers rest will be nike free run 2 borrowed locally, said Dr Tainwala. The company has already completed refurbishing three of its stores in Chennai in prime locations. It plans to cover the six metros before March next year, and the stores in Tier -II and -III cities will be covered in the second phase. the stores that are bringing in more than Rs 15 lakh a month will be covered in the first phase. It will be done on the basis of the value size of the store and not on the physical size, added Dr Tainwala.
Samsonite, which will complete 100 years of existence next year, has cheap isabel marant hired a French architect to re-design nike air max 90 all the stores. have added more colours to our signage and kept the size of the signage small, making it look elegant, he said.
Among the products that the company plans to launch in India is its range of footwear, by the end of this year. Others in the pipeline include eyewear, watches and stationery. Besides, the company is also planning to licence Timberland and Lacoste brands air max 95 to launch 51770130 latest nike shoes luggage products in India. Its other brands include the high-end Black Label and the mid-market American Tourister, which was launched last year. have grown phenomenally in the mid-market segment in the last one year, said Dr Tainwala.
American Tourister enjoys a air max 20 per cent market share in the mid-market segment, while Samsonite as a separate brand claims 20 per cent of the total luggage market, which is currently valued at Rs 2,000 crore, of which the organised sector accounts for Rs 950 crore.
VIP, which does not have a separate brand for the mid-market, holds 44 per cent of the total market share in the luggage industry.
Meanwhile, the company also plans to exit four malls in various metros. is not about deriving business value or anything. We are just unhappy about the way the malls are being run, said Dr Tainwala. At the same time, he 08784752 nike shoes on sale for men maintains that nike air max 95 the company is still in talks with the mall 76580644 nike shoes for girls owners if a concession in rental can be worked out before it finally decides to call it a day at these malls.
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