[Exclu] Torg to open 3 brand villages in India

Publication

5 November 2021 à 14h00

Updated on 18 November 2021 à 14h28

Reading time

2 minutes

Publication: 5 November 2021 à 14h00, Updated on 18 November 2021 à 14h28

Reading time: 2 minutes

Torg International and Village Groupe joined forces to enter the Indian market. Village Groupe is one of the leading outlet village companies in India and will partner Torg in opening 3 branded villages by 2025. This joint venture represents an investment of nearly US$100 million, but Torg International is already planning to expand into other new markets.

Publication

5 November 2021 à 14h00

Updated on 18 November 2021 à 14h28

Reading time

2 minutes

Publication: 5 November 2021 à 14h00, Updated on 18 November 2021 à 14h28

Reading time: 2 minutes

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In early October 2021, the American Outlet Resource Group (TORG) announced a joint-venture with Village Groupe to launch into India.

Based in Delhi, this partner manages a dozen outlet villages in Delhi, Bangalore and Pune, with about US$100 million in assets under management. “We will open at least three new brand villages by 2025,” Barbara Horatz, Partner Marketing & Retail at Torg International, told Mind Retail. “The market is ready, the timing is right. We have first-mover advantage as...

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