Franchise

UK's Domino's Pizza enters into new 5-yr framework with franchise partners

Last month, the company said it was expecting to open 50 to 60 new stores in 2024 fiscal, and was on track to open its 1,400th store in the next year

Costa Coffee posts 49% rise in revenue to Rs 152 cr in FY24, adds 67 stores

British coffee chain Costa Coffee reported a 49 per cent growth in revenue from operations to Rs 151.8 crore in India, Devyani International Ltd said in the annual report. Its gross profit stood at Rs 116.6 crore, up 45 per cent from the year-ago period, it said. Devyani International Ltd (DIL) is the master franchisee for Costa Coffee, which is owned by global beverage major Coca-Cola. The company added 67 new stores in India in 2023-24, taking its count to 179. "In FY24, revenue from operations stood at Rs 151.8 crore as against Rs 101.8 crore in the previous year, registering a growth of 49 per cent, driven by store expansion. Gross profit stood at Rs 116.6 crore as against Rs 80.4 crore in the previous year," it said. However, its average daily sales per store was down to Rs 32,710 in FY24. It was at Rs 35,085 a year before. "As the new stores stabilise and reach their maturity level, this performance is expected to improve," the company said. DIL is having rapid expansion o

Westlife Foodworld Q4 results: Profit after tax declines 96% to Rs 76 lakh

The franchisee said consolidated profit after tax fell to 7.6 million rupees ($91,012.8) for the January-March quarter from 200.9 million rupees a year earlier

Rasna looks at overseas franchise arrangements for manufacturing abroad

Negotiations for franchise agreements were on for Egypt, Indonesia and Philippines. Market size, increasing logistics cost and high duties were factors spurring such arrangements

Six franchises spend Rs 3.9 cr to select 145 players in UKK Season 2 draft

Six franchises picked up 145 players from a pool of 290 exponents during the Ultimate Kho Kho (UKK) Season 2 draft, held here on Wednesday. On a day when the franchises spent Rs 3.9 crore, 18 players were retained, while 33 youngsters between 16 and 18 years of age were also picked. Mumbai Khiladis picked 16-year-old Sunil Patra from Odisha, while 17-year-olds M Mugilan of Puducherry and Maharashtra's Ganesh Borkar were drafted by Chennai Quick Guns and Rajasthan Warriors respectively. Maharashtra's Mahesh Shinde became the first pick of the draft for the second successive season. The 28-year-old defender was drafted by Mumbai Khiladis, which also retained Gajanan Shengal and Sreejesh S after their impressive performances in the inaugural edition. Vijay Hajare, Adhithya Ganpule and Laxman Gawas were the other star players to be picked by Rajasthan Warriors, Telugu Yoddhas and Chennai Quick Guns, respectively. Gujarat Giants and Rajasthan Warriors drafted 25 and 22 players respecti

How to start a franchise business in India? Steps you need to follow

Franchise business is one of the fastest-growing business ideas in India. People are investing in well-established brands and earning good money. Here's how you can start a franchise business in India

EaseMyTrip to establish offline retail stores through franchise model

Products and services that will be offered under the EaseMyTrip Franchise will include flight booking, group fares, hotels, holidays, IRCTC (rail booking), cabs, buses, cruises, charters, and visas

Business Idea: Post Office Franchise Scheme, eligibility, income

A new business idea got introduced by India Post Office at Rs 5,000 investment. Read this article to know how you can apply, earn and be eligible for India Post Office Franchise Scheme

Domino's Pizza quits Italy after 7 years as locals shun American pies

The US chain entered Italy in 2015 through a franchising agreement with ePizza SpA and planned to distinguish itself by providing a structured national delivery service

RBL signs franchise pact with Balenciaga to introduce the brand to India

With this long-term franchise agreement, RBL will be Balenciaga's sole India partner to launch the brand in the country

US Fashion brand Gap returns to India, signs deal with Reliance Retail

Reliance Retail will be the official retailer for Gap in India, mixing exclusive stores and digital commerce platforms.

Suba Group signs master franchise deal with NYSE-listed Hotels

Suba Group to oversee 58 existing and upcoming Choice properties in India; move follows closure by American hospitality chain of its Indian arm

Reliance Brands signs franchise agreement with Italian luxury brand Tod's

Indian company says it has become the official retailer of the brand across all categories including footwear, handbags and accessories.

Kalyan Jewellers to accelerate expansion through franchise model in H1 FY23

Kalyan Jewellers is planning to enter the franchise model in the first half of the next financial year to accelerate expansion, according to a top company executive.

Bata India to bet on franchise model for expansion in near future

Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through franchise route, taking the overall tally to 270+ as on date

Subway questions constitutional validity of anti-profiteering provisions

Questions the authority over including it as respondent in a case against its franchisee

Omni channel expansion to support Bata India's growth recovery

Well placed vis-a-vis competition given healthy balance sheet

Mercedes Benz to sell cars in India directly to buyers via franchise

The invoicing to be done in the name of the company instead of dealers

Franchisees don't do their homework and are too optimistic about risks

A franchise is a complex, expensive, purchase that will commit the franchisor and franchisee to a business relationship with each other for several years