Gitanjali Gems acquires Trinity Watch Company
Monday, March 10, 2008Gitanjali Gems has informed us that in continuance of company's policy towards strategic acquisition, company has acquired Trinity Watch Company through its wholly owned subsidiary Gitanjali Lifestyle.
Further the company has informed that, the Trinity Watch Company is engaged in the business of sale of watches under its registered premium brand 'Iris'. The company also distributes various international watch brands under license from various principals.
The demand for premium watches is on the rise as we saw launch of Hamilton and Leon Hatot watches in India in October 2007.
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