Bang & Olufsen launches its first exclusive outlet in Mumbai

By Our Corporate Bureau | 06 Apr 2005

Mumbai, 2005: Bang & Olufsen, (2003-04 financial year turnover, Euro 486 million) the Denmark-based global leader in high quality, high end home entertainment systems launched its first retail outlet in India at the shopping plaza of the Grand Hyatt in Mumbai.

Jacob Odgaard, director overseas operations, Bang & Olufsen, presented a special BeoSound 9000 and BeoLab 8000 as a memento to Dr Vijay Mallya, UB chairman, and a music aficionado to mark its launch.

Bang & Olufsen has a long history in the audio industry and vast expertise in music system, television, telephones and loudspeakers, with a reputation of bringing to the market 'next generation' products,

Speaking at the inauguration of the outlet, Odgaard said, "Among all the emerging markets in the world, the Indian market is the most promising and has immense potential for high-end, aspirational products like those offered by B & O. Our stylish and classic products offer a wide range of features that will secure our place as the only true multi-functional entertainment device on the market today suited to needs of the Indian Consumer."

Prakash Ramsingh, managing director, Bang & Olufsen, India said, "We are delighted to bring B & O's high-end luxurious products to India. Our world class designs will attract Indian consumers who have always admired good quality products. We are confident that B & O will soon make its mark in Indian market as it has done world-wide."

Founded in 1925 in Struer, Denmark, Bang & Olufsen acoustic systems are renowned for a distinctive range of quality consumer electronic products. The Bang & Olufsen Group manufactures a range of televisions, music systems, loudspeakers, telephones, medical, and multimedia products.