Tuesday, Aug 20 2019 | Time 11:36 Hrs(IST)
image
  • Karnataka cabinet expanded
  • Why the Moon's South Pole ?
  • Weighty issues of Chandrayaan-2 !
  • Chandrayaan-2 entering Lunar orbit, a tense 30-minute operation : Sivan
  • Chandrayaan-2 inserted into Lunar Obit
  • Hong Kong gov't to start work immediately on building platform for dialogue: Carrie Lam
  • Former Raebareli MLA passes away
  • Trump, Khan discuss Kashmir on phone: White House
  • Manmohan Singh, Sonia Gandhi pay tribute to Rajiv Gandhi on his 75th birth anniv
  • 2023 FIFA Women's World Cup bid draws interest
  • Macron says confident in European future of Russia after meeting with Putin
  • Johnson discusses Brexit, trade issues with Trump
  • Dengue cases in Philippines surge to more than 188,000, with over 800 deaths
  • Johnson writes to EU, tries to reopen Brexit talks
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

ITRs e-filers in Andhra, Telangana low this time: N Sankaran

19 Aug 2019 | 9:34 PM

Hyderabad, Aug 19 (UNI) Telangana and Andhra Pradesh Principal Chief Commissioner of Income said here on Monday that the number of Income Tax Return (ITR) for this fiscal year has dropped in comparison to last year in the two Telugu states, adding that the department is hopeful to achieve its target by the end of August.

see more..
ITI Mutual Fund launches 'ITI Arbitrage Fund'

ITI Mutual Fund launches 'ITI Arbitrage Fund'

19 Aug 2019 | 7:29 PM

Hyderabad, Aug 19 (UNI) ITI Mutual Fund on Monday announced the launching of ‘ITI Arbitrage Fund.

see more..
GPL provides scholarships to selected students under CSR program

GPL provides scholarships to selected students under CSR program

19 Aug 2019 | 7:02 PM

Visakhapatnam, Aug 19 (UNI) As a part of its Corporate Social Responsibility (CSR) program, Gangavaram Port Limited (GPL) provided scholarships to selected students and distributed stationary at a meeting held here on Monday.

see more..
ASSOCHAM, GCCI to organise half-day event on MSME to celebrate World Entrepreneur Day on Aug 21

ASSOCHAM, GCCI to organise half-day event on MSME to celebrate World Entrepreneur Day on Aug 21

19 Aug 2019 | 6:30 PM

Panaji, Aug 19 (UNI) ASSOCHAM in association with Goa Chamber of Commerce and Industries (GCCI) will celebrate World Entrepreneur Day by organising a half-day event on Micro, Small and Medium Enterprises (MSME) on August 21, 2019.

see more..
Sensex rallies by 52 16 pts on hopes of revival package by Govt amidst firm Asian cues

Sensex rallies by 52 16 pts on hopes of revival package by Govt amidst firm Asian cues

19 Aug 2019 | 6:26 PM

Mumbai, Aug 19 (UNI) Rallying for the third straight session on Monday, t he benchmark index of Bombay Stock Exchange (BSE) increased by 52.16 points to close firm at 37,402.49 buoyed by hopes of a revival package from the government lifted investors' sentiment at D-Street amidst stronger cues from the Asian markets.

see more..
image