Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 06 2016

​ Tommy Hilfiger seeks govt’s nod to open own stores

US-based premium lifestyle brand Tommy Hilfiger has rewritten to the government to allow it to open its own stores in India.

Last year, the brand withdrew its earlier application with the Department of Industrial Policy and Promotion (DIPP) as the US fashion company's proposal had been stuck for more than three years due to regulatory issues, said a report by The Economic Times.

Tommy Hilfiger and Arvind Fashion Pvt Ltd, which are into a 50:50 joint venture, had applied to the DIPP for a single-brand retail licence in June 2102 as it was seeking to add 500 points of sale in India in five years. These included its own shops, franchisee-run stores and shop-in-shops.

In January 2012, India had allowed single-brand retailers to run 100% subsidiaries in India. But foreign companies investing through this route were allowed to operate only through their own stores and couldn't engage in franchisee and wholesale trading. This meant investment proposals got held up. These included plans by Tommy Hilfiger, Italian bag and shoe maker Furla, crystal jewellery and accessories maker Swarovski and cosmetics companies Innisfree of South Korea and Officina Farmaceutica of Italy, added the report.

Comment
image
Related opportunities
  • Gardening services
    About Us: Started in 2013, with a dream to convert concrete..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Fine Dine Restaurants
    About Us: Moti Mahal Delux Restaurants, your growth opportunity for worldwide..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2000
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Bakery & Confectionary
    About Us: tylish & quaint, Sassy Teaspoon is the quintessential go-to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
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