Myntra to sub-franchise Mango stores in India

Myntra logoMyntra.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

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

Loungewear chain Valentine Retail Plans to Open 200 Stores by 2018

valentine loungewear logoAshapura Intimates Fashion Ltd., a leading manufacturer of intimate –loungewear garments has a vision for aggressive growth in the retail segment. The company plans to open 200 Valentine loungewear retail showrooms all over India within 3 years on franchise Model. Continue reading

Marks & Spencer to launch online in India

Marks & Spencer _1Marks & Spencer is close to signing a deal with Indian etailer Myntra.com, which would see the British retailer selling online in the country for the first time.

The deal with India’s largest ecommerce platform would be just the second market where M&S sells through a third party website. It started selling on China’s Tmall in December 2012. Continue reading