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Cox and Kings to add 20 more franchisees by March 2011
Cox and Kings India, a travel company based out of London, with operations in India, plans to take its count to 100 by the end of this
financial year (March 2011) Company officials confirmed that the expansion will be through franchising.
The company has 80 franchisees and would be adding another 20 very soon. This has been planned keeping in mind the success of year 2010 for travel and tourism companies....
Tags: Franchising & Retailing
First Zara Retail Franchise opens in India
The Inditex Group has opened its first Zara store in Delhi, India. The Indian market shows great growth potential and will make a considerable contribution to total sales in the long term. However, several challenges remain in the form of a 51% limit on FDI and significant cultural differences. Nevertheless, Inditex’s unique distribution strategy should allow it to gradually adapt to the market.
Inditex...
Tags: Franchising & Retailing
Cos hunt for Young Staff to woo buyers
24-year-old Charu Aneja is one satisfied employee. Why? Well, she works at India’s first Diesel outlet located at the Palladium, Mumbai, where the the shift starts at 10 30 and the dress code is as casual as it could get; which is why she aptly calls it her ‘hangout-cum-workplace’. Charu, an National Institute of Fashion Technology graduate and former dance instructor at Shaimak Davar’s, is...
Getting your Franchise Brand Listed on SME Exchange / Stock Exchange
There are some good news for franchise entrepreneurs out there. As per SEBI, Securities and Exchange Board of India circular, it has relaxed its norms for listing SME companies. Most of the 2000 franchisors in India are SMEs. Here are some good news, which would help you list your Franchise Brand raise additional capital, especially when considering that the sources to raise funds are limited.
The...
Tags: Finance, Franchising & Retailing
How 3G will change Indian Franchising
Finally, after years of waiting, the Indian Cell Phone Consumer will finally be able to enjoy high speed internet access and various other allied services. One would definitely want to consider what would be the impact of 3G services for franchisors, franchisees and the community alike. A quick peek into 3G Auctions:
- Generated a whopping Rs. 67,000 Crore (USD 14.5 Billion) for the Govt. of India,...
Tags: Franchising & Retailing
United Spirits explores Global Franchising Plans
Franchising is definitely flourishing with a lot more established players are now exploring this idea. In India, previously, it was only the small cash strapped retailers that were considering the option, now even the larger ones like Westside are doing that. Some other Indian companies are exploring this idea as well, this time it is United Spirits, the second largest spirits company in the world...
Tags: Franchising & Retailing
Maverick Franchise Brands launches India Franchise Rankings 2010
Inaugural India Franchise Rankings, a first of its kind, annual exercise initiated.
Mumbai, India 2nd March 2010: With an aim to encourage and promote best practices in franchising in India, Maverick Franchise Ventures (MFV India) announced the launch of the first-of-its kind ‘India Franchise Rankings 2010′- awards to honour the achievements and the entrepreneurial spirit of Indian franchisors....
Tags: Franchising & Retailing
What is IFA Fran-Guard?
The International Franchise Association’s new, greatly expanded franchise sales management and compliance program will help franchisors take proactive steps to reduce risks, manage growth, and build a stronger, healthier franchise system. IFA Fran-Guard covers both the legal and business aspects of compliance with a series of modules designed or CEOs and senior executives, franchise development professionals,...
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