Nakshatra World eyes global expansion, to add 15 stores in US

By

Maverick Martins

Published
Jul 26, 2017

Gitanjali Group jewellery firm Nakshatra world is eyeing major global expansion and plans to add 15 stores in the US this year, said a top company official.

 
Nakshatra World which has a very strong presence in overseas markets with 890 points of sale located across US, UK, Europe, China, Singapore, Thailand, Malaysia, Indonesia, UAE, Saudi Arabia and Qatar is planning major expansion this year.
 
“The group is in a major expansion mode, especially in the US, UK, Europe, China, the Middle East and Japan and in the domestic market,” Nakshatra World President, Sales and Marketing, Saurav Bhattacharya was quoted as saying by a news agency.

"We are planning to expand our presence, both in terms of outlets and point of sales globally as well as in India. we are also going to increase ecommerce reach. In the US, the company is planning to add 15 more stores before October and double the point of stores in China by March 2018," he added.
 
There is great demand for Gitanjali group jewellery in the international & domestic luxury market owing to which it was named as India’s top luxury brand and listed on number 30 by Deloitte & Co in its Top 50 Global Luxury Brands report.
 
 Nakshatra World Ltd, a wholly owned subsidiary of Gitanjali Gems Limited has plans to float an initial public offering (IPO) soon.
 
Nakshatra World currently is spread across 290 cities and towns in India & abroad, with more than 3000 Points of Sale across distributors, shop-in-shops and stores.