lenskart invests 4 mn in john jacobs brand n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Lenskart invests $4 mn in John Jacobs brand to expand offline presence | Business Standard News PowerPoint Presentation
Download Presentation
Lenskart invests $4 mn in John Jacobs brand to expand offline presence | Business Standard News

Loading in 2 Seconds...

play fullscreen
1 / 2

Lenskart invests $4 mn in John Jacobs brand to expand offline presence | Business Standard News - PowerPoint PPT Presentation


  • 1 Views
  • Uploaded on

Read more about Lenskart invests $4 mn in John Jacobs brand to expand offline presence on Business Standard. John Jacobs currently has five stores, which will be increased to 20 this year

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Lenskart invests $4 mn in John Jacobs brand to expand offline presence | Business Standard News' - priya32438


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
lenskart invests 4 mn in john jacobs brand

Lenskart invests $4 mn in John Jacobs brand to

expand offline presence

Online eyewear firm Lenskart on Sunday said it expects its affordable-premium

eyewear brand John Jacobs to clock revenues of Rs 5 billion by FY2020-21 as it

expands the offline retail presence of the brand.

Lenskart is investing $4 million into the brand to set up more stores across cities

like Bengaluru, Mumbai and in Delhi-NCR.

"India needs a premium brand for eyewear but one that is not extremely

expensive. John Jacobs is a trendy designer eyewear brand, that is fast creating a

name for representing top international styles at affordable prices," Lenskart

founder and CEO Peyush Bansal told PTI.

John Jacobs currently has five stores, which will be increased to 20 this year, he

added. "In the next 2-3 years, we are looking at 50-odd stores across tier I cities."

The brand is also being sold online on Lenskart's platform as well as 400 Lenskart

retail points.

Bansal said the company is also looking at partnering with large format retail

stores to sell the John Jacobs range.

"The eyewear market in India is a Rs 200 billion opportunity.

of this sunglasses and contact lenses is about

Of this, sunglasses and contact lenses is about 40-50 billion," Bansal pointed out.

He said John Jacobs is already clocking revenues of about Rs 1 billion and should

cross Rs 5 billion by FY2020-21.

Bansal said Lenskart has already invested about $1 million and the additional USD

4 million will be directed towards the expansion of retail outlets and product

range.

John Jacobs has teamed up with Italian design house

Mazzucchelli for material and design partnership. Its range is priced at Rs 3,500

onwards.

Article By - Business Standard