Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 21 2018

Colorbar is planning to expand globally

The brand aims to reach 250 stores by the end of 2020.

Colorbar, Indian makeup and beauty brand, is planning to expand its retail footprint over the next couple of years. The brand aims to reach 250 stores by the end of 2020. 

Colorbar is looking to open 20 standalone stores in addition to its present 80 stores this year. It will also be continuing to increase its presence at multi-brand outlets like Shoppers Stop, Lifestyle, New U and Pantaloons.

Samir Modi, Colorbar's Founder and Managing Director, said, "India poses a lot of challenges for a segment like makeup and beauty. A large part of the country has still not moved to incorporating cosmetics in their daily beauty routine. We are still, in many parts, a country for which makeup means kajal and at most a lipstick. Urban India has changed from that and that is where the growth has come from. But the potential for growth is massive. By increasing the retail touch-points, we want to be present in every market where the habits have changed, and more importantly, where they are changing."

"While Colorbar is a brand from India, we aspire to be a global brand. We want to take on the big guys. We are the fastest growing Indian brand and have maintained a steady pace of growth, both financial and in terms of innovation. The next step is to have a strong retail presence abroad," Modi further added.

Starting with countries like Singapore, Thailand, and Malaysia, the brand will further expand to the European markets. Colorbar also looks to strengthen its presence in the Middle East. 

Comment
Related opportunities
  • Quick Service Restaurants
    About Us:  Gol Gappa Street is an upcoming chain of India's..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About:Baba Da Dhaba is a brand that serves lip-smacking North..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 350 - 12 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • About Us: •Sizzle House is the quintessential eatery, located on one..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    Greetings from USPFC!! USPFC has come a long way from its..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
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