Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Jun, 03 2015

Soch to open 30 outlets this year

Soch, an Indian ethic wear brand for women, will have 25 to 30 more stores by the end of this year.

Soch, an Indian ethic wear brand for women, will have 25 to 30 more stores by the end of this year. The brand presently runs 54 outlets across India in Bangalore, Mysore, Mangalore, Hubli, Chennai, Coimbatore, Cochin, Hyderabad, Mumbai, Thane, Pune Vijayawada, Lucknow, Bhopal, Indore, Belgaum and Visakhapatnam.

Speaking with Franchise India, Vinay Chatlani, MD and CEO, Soch, says, “We intend to open 25-30 more stores in India by the end of this year. We are also working on developing a mobile application which will help us to provide our customers with superior service and experience. We have two business models - COCO (Company Owned & Company Operated) and FOFO (Franchise Owned & Franchise Operated) for expansion. We have signed management contracts in a couple of locations only where we are sure of the capability and credibility of the franchisee.”

Chatlani is upbeat about the Indian ethic wear market and franchise industry. “Franchising in India is at a very nascent stage. However, with the shifting consumer trends including growing preference for branded products and global exposure, the industry is witnessing an unprecedented consumption growth. While, the Indian ethic wear market is going through a very exciting phase right now. Unlike the past, when ethnic wear was restricted to being an apparel of choice to the specific segment, it has transitioned itself into a fashion essential. In the recent years, the entry of brands has infused a new life into the ethnic wear sector. The organised retail sector is now beginning to see penetration not just in the metros but also in the smaller cities and towns. This is also due to the advent of e-commerce sector. Smaller towns that didn’t have easy access to branded garments are now ordering them in numbers,” says Chatlani.

Comment
Related opportunities
  • Quick Service Restaurants
    To own a business in food & beverages industry, Chick..
    Locations looking for expansion Tamil Nadu
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 5lac - 10lac
    Space required Minimum 100 Sq.Ft -1500 Sq.ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Salem Tamil Nadu
  • Clinics & Nursing Homes
    Dr.A’s Clinic is a leading centre specializing in hair transplant..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2012
    Investment size Rs. 50lac - 1 Cr.
    Space required 250-1500 sq ft
    Franchise Outlets No Outlets
    Franchise Type Unit
    Headquater A9 New Delhi
  • Others Dealers And Distributors
    About: A global group of energy and petrochemicals companies, operating in..
    Locations looking for expansion Karnataka
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Competitive Exam Coaching Institute
    SpeakEnglishGym:Home-based, or Center-based (The ONLY Speaking-based Learning System for Reading,..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 0 - 750 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
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
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities