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Leading watchmaker Titan Company, which has been expanding its premium and luxury watch portfolio, is open to acquiring or investing in smaller and emerging brands as part of its growth strategy, a top company official said. The Tata group firm expects a "robust" festive season this year, driven by healthy consumer demand and an early wedding season coinciding with a delayed Diwali, said Titan Company Chief Marketing Officer Ranjani Krishnaswamy. She also acknowledged that the company is working to keep pace with rising demand. "We are looking at a very robust demand. We are seeing a very healthy start to the festive season. We are very optimistic and, hand on heart, we are struggling to ensure we have the capacity to service demand," Krishnaswamy told PTI. When asked about acquisition as part of its growth journey, she said Titan is evaluating opportunities that may complement its long-term growth ambitions and help deepen its presence across segments and markets. Pointing to the
US-based watchmaker Timex Group on Thursday said it has acquired Just Watches, a premium watch retail brand for an undisclosed sum. With this deal, Timex India will be taking over all the physical stores of Mumbai-based Just Watches and their e-commerce portal Justwatches.com, Timex Group said in a statement. "...this is in line with our future growth plans and hence brings a perfect synergy between the coming together of the two brands. We are confident that the acquisition will provide a wider choice of timepieces to our consumers. Through this business move, at Timex, we are geared up to increase our consumer base countrywide," Timex India Managing Director Deepak Chhabra said in a statement. Timex India currently operates over 35 exclusive franchised stores under the brand name Timex World. "The decision of this acquisition comes at a point wherein Timex India is looking to take their retail presence and business growth in the country to the next level reinforcing them to be th