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
image
Related opportunities
  • Others Consultancy
    About Us: Temple Times is a complete wedding and event solutions..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Furniture/Home Decor & Furnishing
    About Us: Launched in 2014, HomeLane India Private Limited offers end-to-end Home..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • About Us: PLAY, LEARN AND GROW TOGETHER!! The Hermitage Pre-School is a..
    Locations looking for expansion Uttar pradesh
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Lucknow Uttar pradesh
  • Mobile & Communication/Internet Connections
    About Us: In 2009 Gerardo Taglianetti, founded Phonup amongst first companies  in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
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