Global leader in Luxury watches and time pieces SEIKO opened its first watch shop which they are calling a boutique in Chennia India according to a press release. Speaking at a press conference this Tuesday Tetsuji Ishimaru, President of the India branch of SEIKO watches said impressive growth in premium watch sales in India has pushed SEIKO to start expanding its brick and mortar stores into India. SEIKO Watch India’s stocks are quite impressive as well – between April and September of this year the price of the stocks have grown eighty four percent in value.
The companies Vice President of Sales and Marketing in India, Niladri Mazumder said that the company plans on opening ten or more stores in the next two to three years across India. The company forsees itself as becoming one of the top three brands in the premium segment of watches sold in India within the next three years.
The Chennai Boutique was opened by SEIKO Watches India in partnership with Zimson Times Pvt. Ltd. Who operates twelve additional exclusive and multi brand showrooms in Chennai alone. Watches sold in the new store are available for between Rs. 5,000 and Rs.1,60 lakh.
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