Gurugram-based hospitality startup OYO has shifted its business model from hotel aggregation to franchise. OYO now runs pure-play franchise business allowing hotel partners to run under the OYO brands.
OYO had introduced franchise model in May last year. “In the last two years, we have evolved our business to 100% exclusive franchise, manage or operating. We do not anymore do hotel aggregation and have become a full-scale hospitality company,” OYO CEO Ritesh Agarwal said. Continue reading →
Flight Shop, the leisure brand of Flight Centre Travel Group (FCTG), Australia, in India, opened its first retail store in Surat and second franchise outlet, after Hyderabad. Spread over 1100 sq. ft., the Flight Shop outlet in Surat aims at catering to the needs of up market urban consumers – families, business travellers, honeymoon couples and groups of travellers. The new retail outlet will offer travellers Flight Shop’s range of products and services – Domestic and International Flights, Customized and Group Holidays, Hotels, Car Transfers, Visa, Cruise holidays, Honeymoon holidays, Adventure holidays and more. Continue reading →
Yellow Tie Hospitality has on Wednesday announced that it has partnered with UAE based street food brand Just Falafel. The company is investing US $3 million on Just Falafel and plans to open its first store in Mumbai.
Yellow Tie Hospitality is India’s first professional food and beverage franchise management company, started by Karan Tanna in January 2016. The company is known for providing comprehensive support to franchise owners to scale profitability. Apart from this, Yellow Tie Hospitality is also credited for bringing Genuine Broaster Chicken to India. Continue reading →
Myntra.com, the country’s largest online fashion retailer, is close to signing up two sub-franchisees to manage Mango stores in India, according to three people familiar with the matter.
Myntra, which took over the offline and online franchisee rights for the Spanish fashion and lifestyle brand in India earlier this year, is likely to appoint Samarth Lifestyle and G&B Fashion as the subfranchisees. Continue reading →
Sotheby’s International Realty, the real estate arm of the auction house Sotheby’s, said it is expanding its presence in the domestic market with offices in top eight metros. Even as the company plans to open its Mumbai office by mid-2017, it also plans to add two more India desk targeting Indian diaspora in Canada and Singapore. Continue reading →
Indian automobile industry is the largest in the world and accounts for more than 7% of the country’s GDP. Several initiatives by the Govt of India and increasing presence of major automobile players in the Indian market are expected to make Indian car market a world leader by 2020.
Resultantly, the car servicing business is growing faster to meet the increasing demand from this large car population in the country. The market research data states that only one third of the cars go back to dealer workshops post warranty and rest opt for local multi brand garages, which can provide reliable and cost effective service with closer home advantage. Continue reading →
Maroosh a quick service restaurant brand, owned by Impresa Hospitality, is expanding its domestic and global footprint through Franchise Route.
Impresa Hospitality managing director and chief executive Ketan Kadam said: “Expansion through franchisees is an ideal route for expansion in the existing market environment. The business model does not require capex, so we can focus on brand building.” Continue reading →
Fashion jewellery brand Voylla has entered the franchise business after opening 100 company-owned stores in December 2016. The company’s debut franchise store has opened in Ludhiana. Continue reading →
Japanese sportswear brand Asics is planning local sourcing in India so that it can apply for FDI and benefit from lower duties. Considering its competitors like Nike and Puma have already got FDI clearance to start their own stores, Asics has to wait till it completes the 30 per cent local sourcing norm before it can get away from the franchise model. Continue reading →