Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 10 2009

Liberty takes the right foot forward

Footwear major Liberty group is on an expansion spree as the company is all set to ramp up its footprint pan India by expanding its franchised, company owned and distributor outlets.

Liberty takes the right foot forward

Footwear major Liberty group is on an expansion spree as the company is all set to ramp up its footprint pan India by expanding its franchised, company owned and distributor outlets. Presently Liberty has around 500 franchised outlets and is planning to make it to 600 by the next financial year.

The company has two vehicles of growth for retail. One is Liberty Retail Revolutions Ltd where there are company owned managed stores while the other is the Liberty Exclusive Retail stores which are operated through the franchise model. There are around 70 company owned outlets presently which the company is taking up to 120 in the next financial year. It will also renovate the smaller stores.

In a conversation with Beny Sachdeva of FIHL, Adesh Gupta, Chief Executive Officer, Liberty Footwear said “We are planning to increase our number of franchised and retail outlets and ramp them upto another level where we also look to renovate them. We are majorly emphasising on doubling our distributorship in states like Maharashtra, Kerela, Gujarat, North-east and West Bengal by the next year.”

Liberty shoes have adopted the strategy of primarily focusing on the domestic market as the industry is recovering from recession and there is a rapid growth in the domestic segment.

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rmdmedpltd@gmail.com 11, Mar 2010
wants to set up a retail medicine out let in an around kolkata along with Dignostic centre. Pl help me the step in. Regards Mukul
dms04440@gmail.com 11, Mar 2010
i want to start retail fmcg chain in gujrat.my franchisee owner can get loans or not.
lmalvika@franchiseindia.net 11, Mar 2010
It actually true that franchise business plan is much less riskier and credit-friendly than a independent retail venture. However banks presently don’t offer any incentive schemes specific or even low interest rates to franchisees. Also as the franchisor wont offer any third party guarantee which makes the protocol a lot more complicated. Franchisees must seek financing arrangements from the parant franchisor which would defiantly push some need gap here.
rohitkumar51@gmail.com 12, Mar 2010
wants to set up a finance/banking outlet in an around Varanasi along with D.T.H. distribution. please help me the step in. Regards Rohit Mishra
khaan.azeem@yahoo.co.in 16, Mar 2010
Good insights for an aspiring person like me.. thanks!
omkarbpatel@gmail.com 24, Apr 2010
Most banks require the business to be in operation for 2-3 years and are vary of funding start-ups. Buying a franchisee is essentially working on a start-up. Banks don't seem to keen on that. Moreover, if you are keen to take a franchisee that is not relevant to your past experience, that again is difficult for a bank to digest.
patiksingh@live.com 06, Oct 2010
Kindly mail the details
mrsanjayparekh@gmail.com 08, Feb 2011
Please give me more detail.
postmaster@labor-ministry.gr 13, Mar 2012
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bharadwaj28@yahoo.com 08, May 2012
I would like to take up franchise of a well know Ice Cream parlor in Bangalore. Please let me know the details.
vikramthite1978@gmail.com 03, Jul 2012
want to go for a franchise business but confused regarding the choice of industry.\r\nwhich banks offer loans for initial setup and what is the margin money needed in terms of % to start a new franchise?
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