Fastrack to establish 50 additional franchise outlets
Fastrack a renowned fashion accessories product belonging to Titan Industries Ltd, is considering the notion of augmenting the number of its elite outlets to 50 all over India by April 2010, from the existing 13 outlets currently.
The brand would offer a greater variety of designs as well as models of diverse accessories for example belts, bags together with leatherettes each month. As revealed by official sources the majority of the stores would be run according to the franchisee model with an outlay of Rs 40-50 lakh, and a floor area extending to 400-500 sq. ft.
The brand, which is mostly known for its watches as well as sunglasses, started manufacturing accessories akin to hats, belts, and bags this year and anticipates to record a sales total of Rs 360 crores with an expansion pace of 25 per cent above the previous year.
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