{"id":23547,"date":"2023-07-11T15:37:31","date_gmt":"2023-07-11T15:37:31","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=23547"},"modified":"2023-07-11T15:37:48","modified_gmt":"2023-07-11T15:37:48","slug":"titans-tanishq-to-grow-in-gcc","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/07\/11\/titans-tanishq-to-grow-in-gcc\/","title":{"rendered":"Titan&#8217;s Tanishq to expand in GCC"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\">Fine jewellery brand <a href=\"https:\/\/www.tanishq.co.in\/\" target=\"_blank\" rel=\"noopener\">Tanishq<\/a>, part of Indian Titan Company, has confirmed plans to open 18 new international stores by the end of the 2024 financial year, mostly focusing on the GCC region for its global brick-and-mortar expansion.<\/span><\/p>\n<p>The brand intends to operate a total of 25 international locations by the end of the next year.<\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe company aspires to further strengthen its international presence to 25 international stores by the end of FY 2023-24, with growth primarily being driven by additions in the GCC region,\u201d said Titan in a statement, the Press Trust of India reported.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201c<a href=\"https:\/\/www.meretailnews.com\/2023\/03\/23\/tanishq-partners-with-sharaf-group\/\">Tanishq<\/a> aims to become the preferred jeweller in the NRI\/ PIO markets by leveraging the pride that Indians across the world take in their cultural heritage.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">As well as opening stores in the Gulf region, Tanishq also plans to open stores in the US. In the previous financial year, Tanishq increased its international store total from two to seven, ET Bureau reported.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The brand plans to press ahead with international expansion with an omnichannel approach.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To this end, Tanishq has launched two D2C e-commerce stores, one for the UAE and one for global shoppers.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In March, the retailer signed an MOU with Sharaf Group to expand operations in the UAE.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Titan Company\u2019s jewellery division operates Tanishq as well as Zoya, Mia and CaratLane.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the 2023 financial year, its jewellery sales accounted for around 88 per cent of the business&#8217;s total revenue.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Titan Company&#8217;s jewellery brand Tanishq has set out to open 18 international stores, mostly in the GCC<\/p>\n","protected":false},"author":40,"featured_media":18111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[4219,4621],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23547"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=23547"}],"version-history":[{"count":3,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23547\/revisions"}],"predecessor-version":[{"id":23550,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23547\/revisions\/23550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18111"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=23547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=23547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=23547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}