Titan Company, Montblanc end joint venture partnership in India

08 Oct 2020 Evaluate

Titan Company and Montblanc by mutual agreement have ended their joint venture partnership in India. The decision enables Montblanc to become a wholly owned subsidiary in the country. During the five-year partnership which began in 2015, Montblanc opened 12 boutiques in major cities across the country and established a fast-growing e-commerce business through the luxury online portal TataCliq.

Titan’s decision to exit the joint venture agreement was driven by the company’s consolidation strategy to focus on their primary business and proprietary brands.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

Titan Co Share Price

3794.20 33.00 (0.88%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Titan Co 3794.20
Kalyan Jewell.India 428.00
Rajesh Exports 263.10
Sagar Diamonds 29.06
Senco Gold 774.00
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.