Business Daily from THE HINDU group of publications Saturday, Aug 19, 2006 |
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Marketing
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Strategy Corporate - Alliances & Joint Ventures Hansgrohe ties up with Jaquar Our Bureau
Through this arrangement, the German company is expecting a 2 per cent increase in sales by 2010. "There is no money involved in this tie-up; it will purely be on the basis of co-operation and goodwill. This venture will enable us to target affluent customers, builders and large-sized projects,'' said Dr Nicholas Matten, Deputy Board Member, Hansgrohe. For Jaquar, the tie-up would upgrade its selling points with diverse top-line sanitary products. The best-selling brands of Hansgrohe Axor, Pharo and Pontos will be on display at the facility of the Indian company. However, no sales would be effected through these outlets.
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