Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 26 2017

​KIODA plans to open 300 stores in India by 2021

KIODA is entering India in a joint venture partnership with Franchise India and will open 300 stores in the next four years, the company said in a statement.

Malaysia-based Korean concept retail store KIODA plans to open 300 stores in India by 2021 and has tied up with Franchise India which will invest USD 10 million for expansion and marketing.

KIODA, which has a product range of cosmetics, gifts, stationery and household items, is looking to source 25-30 per cent of its products locally for Indian stores and rest to be imported from Malaysia.

KIODA is entering India in a joint venture partnership with Franchise India and will open 300 stores in the next four years, the company said in a statement.

"We eventually want to source products from India itself especially in the F&B range. KIODA stores will be unique stores which have a Korean concept and experience," KIODA Managing Director Alvin said.

The company, which currently has presence in Singapore and China apart from Malaysia, plans to expand to additional 13 countries by 2018.

The joint venture agreement was signed at the Master Franchise Show here by Franchise India where over 150 companies participated.

Franchise India Chairman Gaurav Marya said: "India offers a large landscape for brands to access the burgeoning consumer market with international brands taking the top tier space in the hierarchy. Our investments in the JV will help us to quickly ramp up across India."

Comment
Related opportunities
  • TV Channel/Network
    About Us:  A golden opportunity to join the most trusted business..
    Locations looking for expansion Uttar pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • Juices / Smoothies / Dairy parlors
    About Us: The Juice Art, a venture of Sonaya Foodworks, is..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Competitive Exam Coaching Institute
    About Us: CAD DESK is a leading training network of India..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: Monginis is a Bakery & Confectionary Brand in India, which..
    Locations looking for expansion Maharashtra
    Establishment year 1971
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai 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