Last updated : March 19, 2020 10:26 am
The exclusive store launch supplements the brand’s plan to expand its retail footprint and open 130 such stores across Tier 1 and Tier 2 markets in India
“We plan to open 130 such stores across Tier 1 and Tier 2 markets in India by end of FY21-22 to cater to the growing need of the ECM (Electrical and Construction Material) Industry. The exclusive store will showcase our Energy Recovery Ventilator (ERV), Electronic Automatic Toilet seats and Bathroom Dryers enabling the consumers to experience the next-generation technology”, said Vivek Sharma, MD, Panasonic Life Solutions India.
The 100 brand stores would be set up in a Franchise Owned and Franchise Operated (FOFO) model. At present, the company has 7 manufacturing units running across 4 locations in the country. Panasonic Life Solutions India (formerly known as Anchor Electrical) is a wholly-owned subsidiary of Panasonic Corporation.