William Penn opened its 4th store in Bangalore at the Mantri Mall. William Penn plans to expand its retail network in India to 15 stores by 2010 end. It plans to open more stores nationally in order to have a pie of the booming luxury accessories market in India.

During the opening of William Penn�s new store at Mantri Mall, Nikhil Ranjan, Managing Director, William Penn said, �India is a booming market for luxury goods. Luxury brands from across the world have got interested in India because of the rise in purchasing power. With the business growing at an admirable rate of 25 percent, we will be opening is opening three more stores after the Mantri Mall opening this year to take the tally to 15.�

The Mantri Store was launched by renowned writer and MindTree�s Gardener Subroto Bagchi. Bagchi is an avid reader and a pen lover and on the occasion he also unveiled the Special Edition Phoenix by S.T. Dupont. He said, �When I moved to Bangalore in 1988, I felt that it lacked pen stores. When William Penn opened I felt it completely filled that void. They have a wide spanning range of pens to pick from and I think it is an exciting place to shop in.�

Apart from the exclusive tie-ups with Caran d�Ache and Sheaffer, William Penn also has the retail rights for luxury brands like Cartier, Conway Stewart, Cross, Faber Castell, Lamy, Porsche Design, Retro 51, Sailor, S.T. DuPont and Waterman. The prices of these products range start from around Rs 1,000. Willaim Penn recently brought to India, Caran d�Ache�s La Modernista, which is the second most expensive pen in the world.

William Penn currently has stores in Delhi at The Select City Walk Saket and Indira Gandhi International Airport; in Mumbai at High Street Phoenix, Orbit Vashi and Domestic Airport; at Hyderabad at the domestic airport and in Bangalore at Koramangala 5th Block, Mantri Mall, Garuda Mall and Forum Mall.