New Delhi: The world's largest eye-wear
retail chain Sunglass Hut today said it is looking to take the
number of its exclusive outlets in the country to 30 by 2012
as part of its expansion plan.
Besides, it also plans to venture into Tier II cities.
"Sunglass Hut has got great response in India so far. We
plan to create a chain of 30 outlets in the next three years
across key cities like Delhi, Kolkata, Mumbai, Bangalore and
Chennai, besides foraying into Tier II cities like Amritsar,
Ludhiana and Jalandhar," Sunglass Hut Brand Manager Pradeep
Bhanot told.
He, however, did not disclose the company's investment
plans.
Sunglass Hut, owned by Italian firm Luxottica, had
ventured into India in 2008 under a franchise agreement with
realty major DLF’s retail management arm DLF Brands. The chain
today opened its fourth Indian outlet at Hyderabad.
"The Indian eye-wear market is worth hundreds of crores
of rupees, of which only a small segment is organised. It
gives us immense scope to increase our business," Bhanot said.
The chain offers over two dozen premium international
brands including Versace, Bulgari, Burberry, Prada, Tiffany,
Persol, Revo and Salvatore Ferragamo.
Sunglass Hut has over 2,000 outlets across markets
including the United States, Canada, the Caribbean, Europe,
Australia, New Zealand, Hong Kong, Singapore, Middle East and
South Africa.
Bureau Report
First Published: Thursday, November 19, 2009, 18:41