PANERAI, THE luxury watchmaker that blends Italian design with Swiss technology, recently opened its third and largest boutique in India, in Mumbai. Another one is likely to open in Bengaluru soon. JeanMarc Pontroué, CEO of Panerai, in a free-flowing conversation with Business Today, talks about why Panerai will not manufacture diamond watches, how smartwatches are a disruptor but in a good way, and a lot more. Edited excerpts:
How important is India as a market for Panerai?
For us it [India] is one of the fastest-growing markets. We are still at the beginning of expansion in India. It’s still a business that is polarised between Delhi and Mumbai. But over the next decade, it will be one of the most promising markets for the luxury industry in general, and for watches in particular. Panerai has been present in India for many years now. We started with a boutique in a hotel some 13 years ago. We will continue to expand our retail footprint in key cities in India in the future.
Will you be looking at multi-brand outlets?
Multi-brand is one of the potential facets of our expansion. It’s not like we are purely in a mono-brand development scenario. We, however, believe that it is in key cities like Delhi, Mumbai, and Bengaluru, that our customers can best experience the brand’s boutiques.
Going forward, in terms of strategy, will you continue to focus on the US and Europe or will Asia play a more important role?
Bu hikaye Business Today India dergisinin June 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin June 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
