Friday, Apr 26 2019 | Time 22:22 Hrs(IST)
image
  • Tripura govt initiated action against CM's conspirator
  • Kerala Cabinet decides to provide free ration in coastal areas
  • Darbar Move: Offices close in Jammu, to reopen in Srinagar on May 6
  • SC stays inquiry into Jayalalithaa's death
  • Gaon Burah shot dead in Arunachal ahead of re-polling
  • Constable injured in militant attack on Police Post in Srinagar
  • Protest sparked after pregnant lady dies in Jammu hospital, board of doctors set up
  • CBI lodged FIR on selling of 7 sugar mills during BSP regime in UP
  • LS polls : 91 nominations filed in Punjab on 5th day
  • Laws for poor and common people became possible due to strong Left: Brinda Karat
  • BJP demands action against Arup Patnaik for utilizing Biju Yuva Vahini in election campaign
  • Interstate gang arrested for stealing buses
  • Youth gets 7-yr RI for raping minor tribal girl
  • Ex-HP Minister Vidya Sagar passes away
  • Centre accepts Amarinder's request to relax wheat norms for procurement
Business Economy


Eighty global retail brands across verticals to enter India in 2018 with Franglobal

New Delhi, June 23 (UNI) Franchise India hosted their 6th annual Master Franchise Show’18 on Saturday co-organised by WIB (World Iconic Brands) and Franglobal, a statement said.
“Over 80 global retail brands across varied verticals marked their presence in the same. These brands have partnered with Franglobal and eye an investment of about USD 100 million in next 5 years,” the release stated.

Global brands such Magnolia Bakeries, Café Ritazza, The Cheese cake shop, Tutor Doctor , Architects of Skin, Wrap it up !, Ice Cream Labs, TruGym, Millies Cookies and many more tapping almost all sectors like Education, Food & Beverage, Specialty Retail, Fashion & Lifestyle, Health & Wellness, Real Estate were part of the show. Combined, they are expected to open 500-600 outlets in the country in the next few years.
Korres, Lush Addiction, Melting Pot are some of the names that made their entry to the Indian market last year with the 5th edition of this show.

“We are very excited to bring forth the 6th edition of our ever successful Master Franshise Show. We are overwhelmed to see participation from over 8- global brands this year. The current demographic metamorphosis in India has led to a consumption boom, as there is now an identifiable section of the population with high disposable incomes, evolving lifestyles and an appetite for western merchandise. Out of all F&B sector is increasing with 25% year on year basis which I believe is a good percentage and going to dominate the market this year as well. Apart from a majority of F&B brands signed with us we also have premium retail, education and wellness brands joining hands with us,” says Gaurav Marya, Chairman, Franchise India.

“Before entering any new market we look at it from many angles such as-- Is the brand recognition high, are we able to service the market properly and do we have the bandwidth to take it on, are there quality operators that we can work with and can we meet the challenges of the particular market. Once we establish this criteria and are comfortable we start to look for the right partners helping in expansion, we have partnered with Franglobal/Franchise India for our brand, also keeping in mind the current Indian Market we felt that this is the right time to enter the Market,” said Steve Abrams, CEO, Magnolia Bakery.

“We are very excited to expand our brand in the Indian Market. India poses an incredible opportunity with affordable housing and increased consumer demand; I believe with the changes and reforms that the Indian government is bringing in, there is a huge scope in the times to come.
“With high purchasing power, continuously rising population, increasing nuclear families and rapid urbanisation, the housing sector in India is anticipated to record a strong growth in the coming years.
The real estate sector in India is likely to reach a market size of $180 billion by 2020. Realopedia will link and build business networks for a global real estate audience and supports professionals at a most affordable price by providing investors the opportunity to source trusted brokers and properties. The Indian market fits perfectly well in our expansion plans, being an important element for the globalization of the real estate market working alongside NAR India,” said Laura Choueri, Founder & CEO Realopedia

“Happy to be in India, We are looking to expand our model here. We would first like to attract marketing and sales channels in India, may be though a master license. Also retail investors are happily invited to invest in BDX. BDX is the coin of coins offering white label services to ICO’s. Only asset based ICO’s. In return BDX holders will profit from Dividends paid by white labels partners” – said Dennis Vitz, Co Founder, BDX.

The franchise industry is growing at a rate of 30-35% per annum and the sales turnover of the sector was recently valued at over USD 7 billion which has incited growth within the franchising sector. All the brands entering India will be expanding through Franchise Model.
UNI DJK ADG 1734
More News

Ducati launches high-end four new bikes in MY19 series

26 Apr 2019 | 8:52 PM

Hyderabad, Apr 26 (UNI) Luxury motorcycle brand, Ducati on Friday announced the launch of four new motorbikes in the new MY19 scrambler range in india, starting at Rs 7.

see more..
Banks say unable to make salary commitment: Jet CEO to employees

Banks say unable to make salary commitment: Jet CEO to employees

26 Apr 2019 | 8:07 PM

New Delhi, Apr 26 (UNI) Cash-strapped airline Jet Airways on Friday said the SBI-led consortium have made it clear that they cannot make salary commitments till the bidding process gets over.

see more..

CII Coolex 2019 kicks off, all major refrigeration brands available under one roof

26 Apr 2019 | 7:08 PM

Chandigarh, Apr 26 (UNI) CII Coolex-2019, an exclusive four-day exhibition of air-conditioning and refrigeration products, organised by the Confederation of Indian Industry (CII), kicked off at Himachal Bhawan here on Friday and will continue till April 29.

see more..

TechGig Code Gladiators 2019 records more than one lakh registrations in opening month

26 Apr 2019 | 6:56 PM

New Delhi, Apr 26 (UNI) TechGig Code Gladiators, the world’s biggest online coding competition opened its gates on March 29 for code submissions in the open round and in just about a month, the contest has received more han 1,22,662 registrations.

see more..

Panchayati Raj Ministry proposes Finance panel to allocate Rs 10 lakh cr

26 Apr 2019 | 6:27 PM

New Delhi, Apr 26 (UNI) The Panchayati Raj Ministry has proposed the 15th Finance Commission an allocation of Rs 10,00,000 crore to panchayats.

see more..
image