Cosmos Brands to expand operations in IndiaFebruary 20th, 2008 - 8:30 pm ICT by admin
New Delhi, Feb 20 (IANS) Mumbai-based Cosmos Brands Distributors Pvt Ltd, one of the major distributors of international perfumes in India, is planning to set up 18 hair salons and 27 perfumeries across the country in the next three years, said a top official. The company currently distributes, markets and manages brands like Roberto Cavalli, Loewe, Morgan de Toi, Gian Franco Ferre, Salvador Dali, Trussardi, Jessica McClintock, Lalique, Charriol and Aigner among others.
“We will be setting up 18 Frank Provost hair salons and 27 La-Galleria perfumeries within three years,” Alexis Szabo, chief operating officer of Cosmos Brands, told reporters on the sidelines of a retail conclave here organised by Technopak.
Cosmos currently has five La-Galleria perfumeries and plans to open three more in the next 11-12 months.
The cost of setting up a salon is Rs.2,000-Rs.3,000 per square feet while the cost of opening a perfumery is Rs.500-Rs.3,500 per square feet, Szabo said.
“We are also looking at operating in the duty-free shops,” he said.
The company is planning to bring in more international brands for marketing.
Cosmos Brands is a private-held company and is likely to be listed in the near future.
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