Home / Knowledge / News / Fashion / Timex will take no time in launching Intl luxury brands!
Timex will take no time in launching Intl luxury brands!
28
May '08
The Indian masses have gradually taken to the luxury brands and aiming to make the most of this volatile market, Timex plans to introduce premium brands like Ferragamo, Versace and Valentino in the country for expanding its retail presence.

Affirming its future plan, Mr Kapil Kapoor, Senior Vice President of Timex Group Asia Pacific told Fibre2fashion, “We are seeking to introduce these brands to the Indian market in the next one or two years time.”

Under its flagship brand 'Timex', the company makes watches for various segments like fashion, sports, outdoor and youth lines. Besides, it also manufactures, markets and distributes a host of other international brands like Guess, Opex Paris, Nautica and Marcecko.

What more can one ask for when the Government also lends its support for the endeavor. Mr Kapil Kappoor asserted, “In order to encourage the luxury segment in India, the Government is examining a reduction in the import duties and relaxing of the FDI cap on various brands which according to the Commerce Ministry will be raised from the present 51 to 100 percent on single brand retail.”

Timex also has plans to expand its prominence in the Indian market by increasing the number of its factory outlets from 59 to 120 by the end of this year.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search