CaratLane eyes West Asia entry via Titan's Damas Jewellery network
Titan's CaratLane may enter the GCC by leveraging Damas Jewellery's 140-store footprint across six countries, rather than launching solo. Titan acquired a 67% stake in Damas for Rs 1,630 crore. Regional conflict has paused entry plans for now.
Titan's CaratLane may enter West Asia via Damas Jewellery, whose 67% stake Titan acquired for Rs 1,630 crore, leveraging Damas' 140-store GCC network rather than launching solo, though regional conflict has paused entry plans.
Why this matters
CaratLane's West Asia ambitions build on Titan's Damas acquisition, echoing prior signals weighing partnership over a solo launch and the brand's Chennai manufacturing expansion.
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