Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 29 2018

Italian brand Depot aims expansion to 120 salons by March

The Italian brand had made its foray into India in September last year through an exclusive distribution tie-up with SSIZ International.

Italian male grooming personal care brand 'DEPOT - The Male Tools & Co has plans to strengthen its presence in India by taking distribution reach to 120 salons from the current 40 by the end of this fiscal.

The Italian brand had made its foray into India in September last year through an exclusive distribution tie-up with Mumbai-based SSIZ International, which sells its products through premium salons in select cities of the country.

Rayed Merchant, Director, SSIZ International, said "We are looking at expanding our distribution reach to 120 salons by the end of this financial year. We are also looking at selling our products through premium boutique stores, gyms and designer stores going forward.”

Merchant said male grooming is a niche segment in India at present and set to grow at a faster pace in future.

Depot at present sells its products in five categories, including shampoo, conditioners, shaving and styling products, and is also planning to launch fragrances and body care products by early next fiscal, Merchant said.

Interestingly, men in the age group of 25-45 outpace women in spending money on grooming and personal care products.

Comment
Related opportunities
  • Cosmetics & Beauty Product Stores
    About Us: Founded in 2002, in India, KAMA Ayurveda is a..
    Locations looking for expansion Delhi
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Kake Da Hotel is a legendary family restaurant founded..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 600 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Delhi New Delhi
  • Professional Education Colleges
    About:  Ruskin College of Business studies (RCBS) is one of the..
    Locations looking for expansion Tamil nadu
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Gyms and Fitness Centres
    About: EXTREME is an iconic lifestyle brand fuelled by the passion, creativity, and ..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities