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Major
Brands to market NineWest, Mac Cosmetics
Mona
Mehta in Mumbai
Major Brands — which recently launched the Mango brand of
ready-to-wear garments — is all set to launch NineWest, an
international range of ladies shoes, bags and accessories.
It plans to import this range from NineWest, a Rs 2,500-crore
US-based company.
In addition, Major Brands is also foraying into the cosmetics
segment by launching the Mac Cosmetics range of imported cosmetics
in the Indian market.
According to Major Brands managing director Mr Suresh Bhatia:
“The company will market NineWest and Mac Cosmetics range
of products through the branded concept stores which the company
would soon be setting up. While the NineWest range is targeted
at the premium-end and middle to premium-end of the market,
the Mac Cosmetics range is targeted at the middle-to-premium
end of the cosmetics market.”
The move is aimed at spurring the range of ladies ready-to-wear
garments and cosmetics markets. The NineWest range of products
is priced Rs 2,000 upwards and Mac Cosmetics Rs 300 onwards.
Major Brands plans to release advertisements for the NineWest
and Mac Cosmetics range next year, initially through the print
media and then through the electronic media. The investment
on advertising constitutes four-five per cent of the overall
sales turnover.
Major Brands competes with small time importers.
Close on the heels of launching ‘Mango’ ready-to-wear garments,
bags and accessories targeted at Indian women, Major Brands
has garnered a sales turnover of Rs 75 lakh in one month,
and hopes to touch sales of Rs 10 crore by 2002-end, claims
Mr Bhatia.
The company sells the Mango range through a concept store
which the company had set up at retail mall Crossroads in
Mumbai in September this year.
The company is now looking at expanding ‘Mango’ concept stores
by setting up outlets in Mumbai and Delhi next year. “The
company hopes to invest Rs 1.5 crore for setting up each outlet,”
informs Mr Bhatia.
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