Fossil to use FDI Investment on Expansion & Re-positioning Itself

US-based watchmaker, Fossil will invest up to Rs 40 crore to open 25 retail outlets in India by 2017 as it aims to reposition itself from a watch brand to a fashion lifestyle brand. They plan to open 25 outlets by 2017 and will invest Rs 35-40 crore. The company, after receiving government nod on 100 percent FDI in single brand retail in 2013, opened six retail outlets since March 2014.The company has stores in Mumbai, Bangalore and Delhi.


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