Titan CaratLane to launch 40 new stores
Titan Group has planned to open 40 new stores across India of its jewelry chain CaratLane. The target of this expansion would be primarily the smaller cities with an eye on venturing into the U.S. and Dubai markets.
The firm's brand selling lower-carat jewellery, including CaratLane and Kalyan Jewellers' Candere, are rapidly expanding as younger Indians increasingly buy such pieces. Candere plans to open 80 stores in India this year, matching the number of higher-priced Kalyan locations planned for the same period.
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