Ford to introduce lifestyle merchandise
Ford Motor Company will introduce its range of merchandise including apparels, toys and auto accessories in the country.
October 05, 2009 | comments ( 0 ) |
Ford Motor Company will introduce its range of merchandise including apparels, toys and auto accessories in the country. Entering into a tie-up with Delhi-based licensing management firm Licence India for selecting licensees in the country for manufacturing and retailing of its product range through its global licence agent Beanstalk Group, Ford is aiming at boosting its brand image and establishing newer customer touch-points besides exploring the possibility of using India as a potential sourcing hub for various merchandise. Having tasted success in the global markets Ford hopes of replicating this success in India as well. The lifestyle merchandise will be extended to a wide range of categories including apparels, toys, bedding and car accessories. The company is looking to leverage on Ford car dealers to retail the lifestyle merchandise. The company will licence Ford Blue Oval logo, besides its subsidiary Mustang and for truck’s ‘Build For Tough’ logo. Mr Gaurav Marya, License India President said, “At a time when exports are falling, companies are looking at the domestic market to expand. India, with its huge demographic constitution and growing organised retail, is a potential market for most companies to undertake a brand extension.” License India also manages the Indian licensing business of some other major global firms such as PepsiCo, Polo, Santa Barbara and Hallmark.
- Liberty Lifestyle to target millennials for luxury perfume range
- Nestle eyes 3 per cent sales growth
- Gunjan Soni and Ananya Tripathi to exit Jabong-Myntra by December
- Foodpanda acquires Holachef
- Amazon eyes 7-8 percent stake in Future Retail
- DailyNinja acquires WakeupBasket
- Amazon.in sees its biggest celebration everwith record sales across all categories
- US retailer Sears Holdings Corp files for bankruptcy
- Philips Lighting to increase prices on select products
- Walmart buys online lingerie retailer Bare Necessities