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 →
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 →
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 →
French menswear company Celio International is planning to take the franchise route and increase local sourcing in the country.
With 41 stores and 130 shop-in-shops, Celio had entered the country six years ago through a joint venture with Future Lifestyle Fashion. Since then it has steadily increased its stake from 50 per cent earlier to 97 per cent. Continue reading →
Future Consumer Enterprise Ltd, part of Kishore Biyani’s Future Group, today announced the acquisition of south India-based supermarket chain Nilgiris for an undisclosed sum.
“Future Consumer Enterprise Ltd ((FCEL) today completed the acquisition of the Nilgiris convenience store chain in the southern states of Kerala, Karnataka, Andhra Pradesh and Tamil Nadu,” the company said in a statement.
Leading online player in the home furnishings and furniture category, Fabfurnish.com has plans to open modular kitchen and wardrobes stores at the end of this month. All of them will be franchisee run outlets. Besides its successful online presence, the brand has two stores in Delhi-NCR and two in Bengaluru.
Vikram Chopra, CEO & Founder, Fabfurnish.com says: “Since we are expanding our scope of leveraging our brand, we think of offline as an experience and not as a sales point. This is why, we partner with those who share our vision of creating an experience more than a sales standpoint. We would pick someone who would nurture it and further help us build our brand. We are looking at opening partner stores in Pune, Hyderabad, Noida, New Delhi and Chennai, as there is an encouraging customer demand in these cities. All of these will be franchise outlets.”
Celio, the French fashion retailer is all set to strengthen its connection with Indian customers. The brand, is eyeing a bigger pie of India’s organized menswear retail market. Celio brings an essentially urban European fashion trend through its collection of shirts, jackets, waistcoats, trousers, suits, jackets and accessories.
In India, Celio offers a wide range of smart casual, business wear, sportswear, clubwear and denims. Celio had stepped into the country in 2008, the brand opened its first store in R City, Mumbai in 2009. Today the brand runs 40 exclusive brand stores which are fully company owned and operated and 128 shop-in-shops. The brand has also penetrated through large format stores like Pantaloons, Central and Lifestyle. Celio is looking at rolling out 100 stores by 2016.