Franchise India Holdings Limited, one of the pioneers of franchising and retailing in India is all set to make a key strategic move into specialty retailing under its new venture Franchise India Brand
Franchise India Holdings Limited, one of the pioneers of franchising and retailing in India is all set to make a key strategic move into specialty retailing under its new venture Franchise India Brands. To fuel the retail plans FIHL has joined hands with Spa Siam of Thailand, one of the best known Natural Spa Body Products in the world to set up chain of beauty and wellness stores in India. These stores would offer the consumer the latest and natural range of beauty and wellness products. The concept of the stores revolves around delivering a complete package of natural skin care, beauty products & Spa solutions to the Indian consumer all under one roof. The stores are elegantly laid out and deliver an internationally benchmarked experience to its customers, which they find uniquely appealing. Sharing the company vision, Mr. Gaurav Marya, President, Franchise India Holdings Limited mentioned, “We have been doing extremely well in the franchising, but the time has come for us to take the next big step and expand into specialty retailing. We plan to enter various specialty formats and we are starting this process with our entry in the beauty and wellness adornment vertical where we are partnering with Spa Siam.” Mr. Sean Philpott, the CEO of Spa Siam said, “The association with FIHL is like coming together of two like-minded companies with the objective of leveraging each other’s strengths.” Disclosing the Retail expansion plan Mr. Marya said, “Our plan is to open over 120 Spa Siam centres across the country in a period of next 4-5 years. After spreading our footprints in all major metros, we will target mini metros, which are equally the fastest growing markets for these kinds of products and service.” To fuel its foray into beauty & wellness industry, FIHL is making an initial investment of Rs.20 crore and are looking forward to annual revenue of Rs.50 crore from this vertical after 3-5 years.