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SAMSONITE TO OPEN 50 STORES IN INDIA, INVEST US$10 MLN.
BANGALORE, Feb 1 Asia Pulse - US Travel solutions firm Samsonite plans to open additional 50 brand stores in India with an investment of US$10 million by the year-end, a company official said on Wednesday.
Samsonite has currently 168 stores in India, including the one opened here on Wednesday. "Sixteen of the upcoming 50 stores are going to be large format stores with a minimum floor space of 3000 sq ft," the company said.
Head of Samsonite's India operations, Ramesh Tainwala said the rollout would be confined to 22 cities. "We are city-focused brand. We will look into entering 'B' and 'C' cities in India in 2009-2010," he said.
Tainwala said the company's business grew by 38 per cent on year-on-year basis in the calendar year 2006.
"We are targeting a 50 per cent growth in ...
- Samsonite to open 50 stores in India; invest USD 10 mn.
- News wire article from: PTI - The Press Trust of India Ltd. January 31, 2007 700+ words
Samsonite to open 50 stores in India; invest USD 10 mn Bangalore...company official said today. Samsonite has currently 168 stores in India, including the one opened...the company said. Head of Samsonite's India operations, Ramesh Tainwala...
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...said on Wednesday. Samsonite currently has 168 stores in India, including one opened...company said. * Head of Samsonite's India operations, Ramesh...SUMMARY US luggage firm Samsonite to open 50 new stores in India with an investment...
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...In January, 1996 Samsonite announced a distribution...distribution venture in India in November, 1995. "Samsonite has a proven track...most recently, India and Singapore, suggests...opportunities for Samsonite." Production of...
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- Press release article from: PR Newswire July 5, 2007 700+ words
...global travel brand. We wish Samsonite and its new owners continued...reached agreement to acquire Samsonite, the world's leading travel...potential of the brand. China and India present particularly interesting...LLP acted as legal advisor to Samsonite in connection with the transaction...
Source: HighBeam Research, SAMSONITE TO OPEN 50 STORES IN INDIA, INVEST US$10 MLN.