The British brand of luxury goods and fragrances Molton Brown plans to enter the hospitality industry in India by next year and start selling through omnichannel stores in the country. The company, which plans to open 15 stores in India over the next five years, currently owns a store in India. He entered India in June of this year.
“We intend to introduce the hotel business in India by next fiscal year, we are already in touch with some players and we expect the hotel company to represent 20% of our business in five years,” said, Mark Hermann, global vice president Sales for Molton Brown.
Molton Brown also plans to launch his own e-commerce site in the next 12 months, he said. Around the world, the hotel sector accounts for 24% of the company’s activities.
In a market like the United States, where only three stores are located, the hotel sector accounts for 50% of the total activity. “India is our newest market and we are emphasizing on our expansion here in India. The key market for Molton Brown’s expansion in Asia and Europe” said Molton Brown President Mark Johnson.
The company collaborated with Berkeley Beauty of Gaganmeet Singh, also deals with the brands such as Creed Perfumes, Berluti and Tod’s, Bang & Olufsen in India. Molton Brown, headquartered in the UK, is privately owned and operates in 60 nations around the world.
Moreover, hospitality sector is turning out to be a lucrative segment around the globe. Recently, GD group based in Bangalore declared about its plans tap in the hospitality sector with an expansion plan that includes opening of 6 properties by 2019 end. The plans will be executed under the banner of Great Destinations Hotels and Resorts.