Helios a retail arm of Titan Industries Limited, a popular watch making brand is on its way expansion.
Helios a retail arm of Titan Industries Limited, a popular watch making brand is on its way expansion. The company plans to open 50 new outlets of its multi branded watch store ‘Helios’ in the next five years, confirms Govind Raj, VP, Titan Industries.
The company has announced to invest around Rs 100 crore for these stores to meet a sales target of Rs 400 crore. Though most of these stores will be company owned but as per the spokesperson the company might also explore franchise route to open few Helios stores.
The first phase will cover the opening the opening of 15 outlets in the major cities such as Mumbai, Delhi, Hyderabad, Kolkata, Chennai, Pune, Ahmedabad and so on in the next 12 months.
Presently, Titan Industries is operating through two company-owned Helios stores. These stores house 34 fashion and premium global watch brands including Emporio Armani, Burberry, FCUK, Movadao, Fossil, Guess, Casio, Seiko, Titan and so on.