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 →
Hamleys is already the largest toy retailer in India with 26 stores across 14 cities since its entry six years ago. It now intends doubling its number of stores within the next two years.
Reliance Brands, the master franchise for Hamleys India, is already on the job of launching six new stores this fiscal in tier 2 cities like Bhopal, Coimbatore and Guwahati under different formats including its smaller express stores. Continue reading →
One of the largest Online baby products retailer FirstCry has agreed to acquire Mahindra & Mahindra Ltd’s baby-care business BabyOye in a cash-and-stock deal that will help it consolidate its presence in the growing segment through an omni-channel strategy. Continue reading →
US-based motorcycling experience provider EagleRider Inc announced opening of its first franchise outlet in India here at the Capital.
The company said domestic and international travellers will now be able to hire luxury motorcycles on self-drive and pre-determined guided tours or tailor-made adventure holidays within India and neighbouring countries like Nepal, Bhutan, Myanmar. Continue reading →
The professional wrestler Dalip Singh Rana, better known by his ring name The Great Khali, to flex his muscles at the gym, is planning to set up 50 gyms in India in a year and then look abroad. The USP being a combination of gym with fitness and wrestling.
‘’The theme of the gyms would look like a wrestling ring. As members enter the gym, Khali will greet them with an automated voice message. There will be a Khali gallery, which will display and sell merchandise like clothes and boots,’’ says Ankur Makan, Khali’s man handling the project. Continue reading →
Dutch apparel brand Scotch & Soda has struck a long-term partnership with Reliance Brands to open its stores in India, which was being sold exclusively on Myntra.com.
Reliance Brands, which runs stores of 19 international brands in India, including the likes of Muji, Kenneth Cole, Steve Madden, Diesel and Brooks Brothers, will start off by opening two stores next year for the Euro 600 million brand. Continue reading →
Shoemaker Bata India Ltd will slow down expansion of its own store network and hand out more franchises to tap into rural and semi-urban markets, a top company official said.
“This is something we have never done before,” said Rajeev Gopalakrishnan, managing director and chief executive officer of Bata, referring to the plan. “Currently, all our stores are company-owned.” He was talking on the sidelines of the annual general meeting of the company. Continue reading →
Mexican Fast food chain Taco Bell Owned by the US-based Yum! Brands Inc., is embarking on an expansion drive in India and plans to open more outlets in 12 cities in the next four years.
At present it operates nine stores in three cities and plans to add three more outlets taking the number to 12 by the year-end.
The company has partnered with the promoter family of Dabur, the Burmans whose firm Burman Hospitality has taken the franchise for north and some southern markets such as Karnataka and Telangana. Continue reading →
Looks like a Burger Tastes like a Pizza it’s BurgerPizza, Domino’s the world’s largest pizza brand launches its first hybrid, the Burger-Pizza. And so takes the fight for the Indian QSR space to the burger kingdom.
“It only looks like a burger, but has all the goodness of a pizza inside,” says Dev Amritesh, president and chief business officer of Domino’s Pizza India. Perhaps, that’s the reason why the pizza maker is not calling it a burger but a BurgerPizza — a cross between the two. The BurgerPizza will come in two vegetarian and non-vegetarian variants, with a starting price tag of `89. Unlike most burgers, it doesn’t have a patty, is loaded with herbs, tomato sauce and mozzarella cheese — ingredients that are central to pizzas — and is oven baked. Continue reading →
Australian retail chain Boost Juice Bars, which is present in India under the brand Joost Juice Bars, is looking to operate about 100 stores by 2020.
The company introduced the natural juice and smoothies bar concept in India through a master franchise agreement with NatureU Enterprises, which currently operates 14 stores in Delhi-NCR and Mumbai. Continue reading →
Westlife Development Ltd, owner of the master franchise of McDonald’s restaurants in west & south India through its subsidiary Hardcastle Restaurants Private Ltd (HRPL), officially announces its entry in the state of Goa with the inauguration of its first restaurant. The new outlet marks its entry into the 10th state and opens its 240th restaurant in west & south India. Continue reading →