Japan-based luxury fashion brand Onitsuka Tiger, which forayed into the Indian market last month, is looking to have around 12 brand stores in tier-I cities by 2020, a top company official said.
Asics is aiming to establish its Onitsuka Tiger brand in Indian market in next 2-3 years as the company is sensing a good opportunity with growing number of aspirational class in metro cities.
As per its strategy, it will build up a sales network by adding 3-4 stores every year on franchise model to cash in on increasing and growing appetite for luxury things.
"We plan to add 3-4 Onitsuka Tiger stores every year for the next few years. We aim to achieve a sizeable growth by 2020," Asics India Managing Director Rajat Khurana told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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