Victorinox plans 35 stores with investment of Rs 80 cr by 2018 - Feedback

Swiss knife and accessory maker Victorinox has outlined aggressive expansion plans here over the next three years and is looking to open 35 stores by 2018 with an investment of Rs 80 crore. We will open 35 stores by 2018, and will invest about Rs 80 crore,” Colonel Chandhoke, managing director and CEO of Victorinox, told PTI.

The company is also looking at more than doubling its revenues to Rs 200 crore from Rs 75 crore at present, he added. It plans to open 20 stores in 2016, in four metro cities – Delhi, Mumbai, Bengaluru and Chennai and will open 10 more stories in tier-2 cities in 2017, and the remaining 5 stores in 2018, Chandhoke said. “We have already signed on 14 stores, and 4 more will come up by mid-June this year,” he added.

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