Dec, 02 2015

Poney to invest Rs 30 crore, open 25 outlets in 5 years

With an eye on opening 25 more stores over the next five years in India, Malaysian kidswear brand Poney is looking at investing Rs 30 crore.

By Franchise India Bureau
Poney to invest Rs 30 crore, open 25 outlets in 5 years

With an eye on opening 25 more stores over the next five years in India, Malaysian kidswear brand Poney is looking at investing Rs 30 crore. Poney is aiming a turnover of Rs 100 crore in five years. It has a master franchise agreement with Ajanta International Group in India.

Rajat Kapoor, Head, Ajanta International Group, states the company plans to set up 25 standalone stores and 100 shop-in-shops over five years. "We're looking at opening three more stores in the NCR (National Capital Region) by the end of this financial year and two more in Mumbai by the end of 2016. We plan on opening at least five stores each year," Kapoor adds.

Other than metro and tier-I cities, the kidswear brand also look forward to opening outlets in tier-II cities like Lucknow, Chandigarh, Ahmedabad, Ludhiana and Pune. The brand, which entered India last month with a store in Delhi, has a presence in 11 countries.  Poney's International Business Unit Head, Muzaffar Syed, says, “It is difficult operating internationally. We have to have a good sense of the Indian market, firstly, and then we have to have the whole set up done over here.”

Related: CP Foods to invest $500 mn for India expansion

Click Here to add Comment
Please add your Comment
Rating
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Sell Business 2017
Sell Franchise 2017
Daily Newsletter

Submit your email address to receive the latest updates on news & host of opportunities.

Most
Entrepreneur The Franchising World Retailer 2017




Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Franchise India Holdings Ltd

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.

X

Tell us what you think!