A key employee, who warned about the possible risk the imploded Titan submersible faced before its last voyage, testified on Tuesday that the tragedy could have been averted if had looked into his complaint.David Lochridge, OceanGate’s former operations director, said he was disappointed by the Occupational Safety and Health Administration’s move to not follow through…
Representative image Leading watchmaker Titan Company is planning to add 10 new international brands in the next 12-18 months under Helios, its premium and luxury watch retail format, a company official said on Friday. Besides, it will continue to add 50 more stores in the current fiscal year under the ‘Helios’ format, which contributes around…
Zoya, the luxury jewellery brand from the House of Tata, recently opened its 11th store in Chennai. The brand plans to take the total store count to 15 by the end of this fiscal year. The brand believes that it is well positioned for strong growth and expansion. “In the next 5-10 years, there will…
CV Venkataraman “So, even though the ticket sizes are high, but the overall value that we bring in is so good from design, inspiration to detailing to the quality of the material inside the product, the exceptional store experience, and of course final exchange value as well, it is a monetary asset as well even…
New Delhi: Leading jewellery retailer and watchmaker Titan on Friday reported a 5.42 per cent decline in its consolidated net profit to Rs 715 crore for the quarter ended on June 2024. The company posted a net profit of Rs 756 crore in the April-June quarter a year ago. However, its sales were up 12.64…
New Delhi: Leading jewellery and watchmaker Titan on Friday said it clocked a standalone revenue growth of 9 per cent in the first quarter ended June 30, 2024. The Tata Group-managed firm added 61 stores during April-June FY25, taking its combined retail network presence to 3,096 stores. Its jewellery division, which contributes over three-fourths of…
Saumen Bhaumik, CEO of Eyecare Division at Titan Company Eyewear retailer Titan Eye+ will shift focus back to network expansion from the quarter beginning July, Saumen Bhaumik, chief executive officer of Eyecare Division at Titan Company, told ET. The retailer had focused on strengthening existing stores rather than opening new ones last year. “We are…
Although jewellery is emerging as a nationwide trend for several players, it still primarily operates on a hyper-local level. Effective inventory/SKU management and enhancing customer experiences will be crucial for success, according to a report by Motilal Oswal Research which was released today. The acquisition of customers, upgrades, and frequency of visits to the store…
Zoya, the diamond boutique from the House of Tata, aims to grow at a CAGR of 30 per cent over the next 3 years, Ajoy Chawla, CEO – jewellery division, Titan told ETRetail. The brand, which has recently opened its 10th boutique store in Mumbai, has been growing at 40 per cent for the last…
Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
