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Mumbai:
Titan Industries, the watch and jewellery arm of the Tata Group has announced
that it will exclusively market and distribute Hugo Boss watches in India. The
company, in a filing to the Bombay Stock Exchange, disclosed that it would be
the sole and exclusive distributor of the well-known international brand, Hugo
Boss. The Boss
Black collection comprises watches for both men and women, and is due to be marketed
in India starting this month. The range is priced between Rs13,495 and Rs49,995,
and would be available in select Titan showrooms and stores such as Shoppers Stop
and Lifestyle. Titan
Industries has entered into an agreement with MGI Luxury Asia Pacific Ltd, which
is a subsidiary of the Movado group Inc, and is licensee of the Hugo Boss brand.
The agreement allows the company to market and distribute the product. The
Movado Group, Inc. designs, manufactures and distributes watches in the high-end
segment with respected brand names.
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