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Franchising: The Key To The Future Of Malls
With
the mall mania gripping smaller cities and towns
and with major Indian corporate retailers chalking
out elaborate expansion plans, organized retailing
is on a fast track. A recent study done by Knight
Frank India indicates that by 2007, about 75 m sq
ft of mall space would be available in India, with
Mumbai, Pune, NCR, Bangalore and Hyderabad taking
the lion's share of 74 percent. The balance 26 percent
will be made up by cities like Kolkata, Chennai,
Ahmedabad, Jaipur, Nagpur, Lucknow, Indore, Ludhiana
and Chandigarh.
more
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The
Complex Way To Growth In Franchising
 How
does a franchise operation bear fruit? What is the
ideal relationship, if any, between a franchisor
and the franchisee? Is there a basic formula for
success? Answers to these questions are certainly
not clear-cut; they invariably lead to expositions
from different angles, based on individual experiences.
There may somehow be a common thread but permutation
and combination of various opinions are unavoidable.
Five top-of-the-line personalities of the business
world dissected the subject in a panel discussion
initiated by Franchise Plus and they were C.Y. Pal
(Chairman of Cadbury's India and president of FAI),
Paul Merrifield (CEO, Hot Brands International,
UAE), Ratan Jalan (CEO, Apollo Health and Lifestyle),
Ravi Dige (V-P, Aptech Ltd) and R. Parthasarathy
(Executive Director, CADD Centre).
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“A Recipe For Success”
Hotbrands
International of Canada markets a unique range of
ethnic food concepts and has recently forayed into
the Indian market with their variety of restaurant
formats that include Indian, Chinese, Italian, Thai,
Japanese and Mongolian menus. The company entered
the Indian territory last year with their first outlet
in Mumbai's In Orbit mall and now plans to set the
ball rolling for a 250-strong franchisee network across
the country by 2008. Paul Merrifield, CEO,
Hotbrands International, talks to Priyanka Kapoor
about his company's growth plans, its challenges and
future prospects.
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Wal-Mart
Knocking At The Retail Door
The
visit to India of John Menzer, international president
of US-based Wal-Mart, the world's largest retailer,
and his meeting with the Prime Minister have fuelled
the speculation that despite resistance from politically
strong quarters, the multi-national company may well
enter India.
The Arkansas-headquartered $288-billion Wal-Mart is
peculiarly positioned as far as entry into the Indian
retail market is concerned.
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Gifts That Greet, Flowers That Flatter
The
gift and flower industries are together worth Rs 950
crores and have been growing steadily, albeit slowly,
in India over the years. The changing retail scenario,
marked by mushrooming of malls, online booking, sale
at petrol pumps and compulsions of lifestyles driven
by western concepts, augurs well for a segment which
deals with the finer things of life. Priyanka Kapoor
reports.
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The
UAE: An Oasis Of Franchise Opportunities
The
UAE, which has an access to lucrative
Middle East, the sub-continent and African
markets with a combined population of
1.4 billion people and a combined GDP
of $1.9 trillion, is an ideal place
for the franchise sector.
Dubai, the commercial hub of the UAE
and the fastest growing city in the
world, has evolved into something of
a pilgrimage spot for shopping zealots
the world over. One need only cruise
along Dubai's colourfully illuminated
highway, Sheikh Khalifa Zayed Road,
to catch a glimpse of the glitz and
glamour of this city of souks (marketplaces).
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March
Of The Retail Brigade
On
the surface, the indices mirror a resurgent
India, auguring well for the retail
real estate sector. These include an
anticipated annual growth rate of 7%
a year, sufficient food stock , 25%
rise in exports this year, forex reserves
at $40 billion, increased consumer spending
and proliferation of shopping centres.
Large format malls have sprung up in
all major cities but degrees of development
vary a lot within the urban areas. But
support to the retail boom is indeed
important.When you give a gift, it symbolizes
a sentiment and confirms a relationship.The
same is with flowers, the bouquets representing
personal emotions irrespective of the
occasion.
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Does The Absence Of Industry Status
Hamper The Growth Of Franchising?
High
investments and long break-even periods
in retail have always discouraged investors.
Franchisors and those associated with
the business model feel that granting
industry status to franchising would
mean easier financing options and help
the business grow.
C. Gopalakrishnan, MD, Nilgiris
Franchise Pvt. Ltd.
Kamal Oberoi, Business Head,
Da Milano
Gurpreet Gulri, Country Manager,
Subway
Ashish Kapur, MD, Yo China!
Brotin Banerjee, COO, Barista
Jairam Benan, CMD, Sagar Ratna
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