Myntra to sub-franchise Mango stores in India

Myntra, 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

Myntra to take over Forever 21 via franchise model

Myntra logoMyntra, an online fashion store owned by flipkart is in advanced talks to manage the local retail chain of Forever 21, the US fashion brand targeted at teens and young adults, reported Economic Times. Continue reading

Swiss Military to launch 171 stores in India by 2016-end

Swiss Military logoPremium lifestyle products brand Swiss Military plans to open 171 stores in India by the end of next year, of which 11 will be company owned and 160 under the franchise model.

“We plan to open 171 stores across the country by 2016 end. Out of which 11 will be company owned stores while 160 would be franchise stores,” Swiss Military Worldwide Managing Director Anuj Sawhney said. Continue reading