Who is Damas? The 120-Year-Old Luxury Brand Now Set to Be Owned by Tata Group – Know Its Global Presence

Business

Tata Group is set to acquire Damas, a 120-year-old luxury jewelry brand with a rich heritage. Known for its premium offerings, Damas operates across multiple countries in the Middle East and beyond. Here's a look at the brand’s history and international footprint.

Titan Damas Jewellery Deal Damas is a brand that is about 120 years old. This jewellery brand was established in the year 1907 for gold business in the Middle East. Damas Jewellery has a network of 146 stores in 6 Gulf Cooperation Council (GCC) countries. Now Tata Group's company Titan Company is buying 67% stake in Damas.

Tata Group has many listed and non-listed companies in India. Apart from this, Tata Group has invested money in many companies. In this episode, Tata Group's company Titan has made a big deal to buy Dubai's most famous jewellery brand Damas. Titan has made an important agreement to buy 67 percent stake in this famous jewellery brand of the Gulf country. Do you know about this foreign jewellery brand, which the Tata Group company is going to buy for Rs 2438 crore.

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Who is Damas? The 120-Year-Old Luxury Brand Now Set to Be Owned by Tata Group – Know Its Global Presence

Business

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