Hit by COVID-19 and journey bans, Chennai’s seven-decade-old baggage chain Witco shuts down-Enterprise Information , Novi Reporter
Witco’s managing director stated it’s unlikely that journey would return to the mannequin and scale that existed earlier than the COVID-19 pandemic
After seven a long time of its launch, baggage chain Witco has shut down its enterprise because of the COVID-19 pandemic. Within the state of Tamil Nadu, it had shops in Chennai, Trichy and Kozhikode.
In a message posted on its web site, the corporate knowledgeable its clients that the enterprise has closed. Stating that the choice to close down their enterprise was not straightforward, Witco stated it was not sustainable because of the ban on worldwide journey and the pandemic.
Historical past, significance and different particulars about Witco
Witco was began in 1951 by MPC Mohamed as a partnership agency, with the primary retailer of Witco or West India Plastic Buying and selling Co being opened at North Chennai’s George City. From a single 500-square-feet retailer, the corporate expanded its operations and opened shops in different states as nicely.
Witco had began its operation in journey items, plasticware, equipment and later additionally began dealing in luggage. The shopper checklist of Witco included manufacturers like Nike, American Tourister, Puma, Wildcraft, Fiorelli, Blues & Blues, and Case Logic.
The corporate was vital notably in Chennai the place it occupied a 60 p.c share within the premium baggage market. It was a dependable model for these travelling overseas because the Founding father of Avtar Profession Creators Dr Saundarya Rajesh stated that many individuals from Chennai used to go to Witco shops after receiving H1B visas.
Witco’s Managing Director VP Harris stated that they don’t have the cash to maintain the enterprise afloat. Harris additionally stated it’s unlikely that journey would return to the mannequin and scale that existed earlier than the COVID-19 pandemic.
#Hit #COVID19 #journey #bans #Chennais #sevendecadeold #baggage #chain #Witco #shuts #downBusiness #Information #Novi Reporter