Tata group company Titan today announced forming of a joint venture with global luxury firm Maison Montblanc to set up Montblanc's retail outlets across India.
Montblanc, which is re-entering India, will open five boutiques in next three months in Mumbai, Delhi, Hyderabad and Pune through the joint venture.
Montblanc International Executive Vice President Sales Nicolas Baretzki said: "We are delighted to partner Titan in India. This is a market that presents exceptional opportunity for Montblanc, and our expansion strategy will certainly help serve our strong and loyal client base here."
Titan Company Managing Director Bhaskar Bhat said the association will help the company offer a unique luxury experience to its 'large and loyal customer base'.
"With Titan's strong position and Montblanc's iconic, luxury offering across its portfolio, there is no doubt that the Maison's appeal and success will only continue to grow," Bhat said.
Elaborating on Montblanc retail expansion plans, Titan said in December two boutiques would be opened at Palladium Mall in Mumbai and Taj Mahal Hotel in Delhi, which would have collections of Maison's innovative writing instruments, fine jewellery for men and women and artisanal leather goods.
Titan would operate a dedicated customer service centre to ensure convenience and service for clients in India, it added.
Titan is a joint venture between the Tata group and Tamil Nadu Industrial Development Corporation.
