Truefitt and Hill, world’s oldest luxury salon and barber brand have been planning to open more than 100 outlets in the country. The brand operates 4 stores in Mumbai.
Talking about the company’s expansion plans, the company owner Krishna Gupta said that the organisation will build salons by 2024, out of which, half will be company owned and half through franchise model. The company is looking to have its presence in Metros and tier-II cities.
The master franchise entity, Lloyds Luxuries is owned by Krishna Gupta. The gentleman was only 21-year-old when he received the rights for the franchising. The entire contract is for 10 years along with an option of stretching it for further 10 more years. To strengthen its market presence and give the company a prominent name in the salon industry, the company has roped in Istayak Ansari, Former CEO Gold Gym as MD for the Indian entity.
The brand has made its entry into the Indian Salon market through the franchise model. Lloyds Luxuries an Indian entity has got the master franchise to start operations under the brand Truefitt and Hill in India. The company Lloyds Luxuries have also won rights to sell and distribute grooming products in India along with the 7 border touching countries i.e. Sri Lanka, Bhutan, Myanmar, Vietnam, Bangladesh and Nepal.