The jewellery retail chain of Titan Industries, Tanishq, is planning to open half a dozen ‘Zoya’ boutiques by 2012-13. “We have just launched our first luxury boutique of Zoya in Delhi and one more is coming up this month in Mumbai. Our aim is to have six such stores in the metros during the next three-four years and we are keen to tap the estimated Rs 2,500 crore luxury segment market in jewellery,” said Sandeep Kulhalli, Vice President (Retail and Marketing), Tanishq.
Further, according to Kulhalli, the company would be investing more than Rs 100 million each on the new format stores.
Zoya portfolio, available price range of Rs 200-250 thousands, offers a collection of over 1,000 pieces of jewellery including those from leading designers in the globe and in India.
— IndiaRetailing Bureau