South Korean lifestyle brand Mumuso expansion strategy is to expand its presence all over India and is aiming at a business turnover of Rs 1,000 crore with over 300 outlets by mid-2022, a top company official said.
As part of its expansion, Mumuso would have a blend of both the company-owned and franchise stores. 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 →
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 →
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 →
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 →
German luxury hospitality company Steigenberger has partnered with MBD Group to enter the Indian market. The two have formed a joint venture company that will operate, manage and franchise hotels in India under the MBD Steigenberger brand. Steigenberger, which operates 95 hotels across many countries, will be the first German hotel company to enter India. Continue reading →