Latest news with #FOCO
Time of India
27-05-2025
- Business
- Time of India
Suta forays into new categories; doubles production
The homegrown D2C fashion brand Suta , which started its journey as a saree brand in 2016, is foraying into new categories like menswear , kidswear , and jewellery , and penetrating deeper into womenswear by offering dresses, co-ord sets, and lehengas, Sujata and Taniya Biswas, co-founders of Suta, told ETRetail. Apart from this, the brand is planning to invest Rs 50 lakh to expand its manufacturing unit further. "Earlier, we used to do small capsule collections of various categories, and they used to sell out. So, we thought of building it here," they said. "Over the next 2 months, we are planning to double manufacturing at our Jharkhand unit, which we have recently expanded from 5,000 units per month to 7,000 units per month. From here, we plan to take it to 12,000 units per month," they further added. The brand, which offers 5,000 SKUs, is also scouting for places to open another manufacturing unit. Currently, sarees contribute to 50 per cent of our revenue, 30 per cent comes from blouses, and the remaining 20 per cent is contributed by the new categories. The digital-first brand is also eyeing to expand its offline presence from 16 stores to 26 stores by the end of this financial year. "So far, all our stores are located on high streets; however, going ahead, we plan to open our stores at malls," they asserted. The brand, which runs 2 company-owned and company-operated stores, and for the rest, follows the FOCO model, plans to penetrate deeper into cities where it already has a presence. Currently, an average store of the brand spans across 1,000 - 1,200 and it plans to open stores spanning across 600-700 in the malls. At present, 50 per cent of the revenue comes from its D2C channel, 15 per cent from e-commerce, and the remaining 35 per cent is contributed by the offline channel. "We are hoping offline to start contributing 40-45 per cent by the end of this fiscal year," they stated. The brand, which closed the last fiscal at Rs 75 crore, is planning to close this fiscal with Rs 110 crore. "Currently, we are clocking single-digit EBITDA and plan to end this fiscal with double-digit EBITDA," they concluded.
Business Mayor
11-05-2025
- Business
- Business Mayor
Jaipur Watch Company enters franchise retail; opens first three stores
New Delhi: Jaipur Watch Company has opened its first three franchise outlets in Mumbai, Gurgaon, and Surat under a franchise-owned, company-operated (FOCO) model, as it begins expanding its national retail footprint, the company said in a recent press release. The company plans to open eight more FOCO stores in the next six months across Hyderabad and Bangalore. The company is also targeting Rs 20 crore in revenue from its FOCO outlets by FY26, with franchise-led retail projected to contribute around 50 per cent of overall revenue. 'We're combining our brand's legacy with smart business infrastructure to meet rising demand in India's evolving luxury landscape. It is an opportunity for budding and established entrepreneurs to own a store at premium locations across India without getting involved in day-to-day operations,' said Gaurav Mehta, founder, Jaipur Watch Company. The new stores are located at Oberoi SkyCity Mall in Borivali, DLF Summit Plaza in Gurgaon, and Vihan Mall in Surat. Under the FOCO model, the company retains control over operations, inventory, and brand positioning, while franchise partners invest in the physical outlets READ SOURCE
Time of India
05-05-2025
- Business
- Time of India
Jaipur Watch Company enters franchise retail; opens first three stores
New Delhi: Jaipur Watch Company has opened its first three franchise outlets in Mumbai, Gurgaon, and Surat under a franchise-owned, company-operated (FOCO) model, as it begins expanding its national retail footprint, the company said in a recent press release. The company plans to open eight more FOCO stores in the next six months across Hyderabad and Bangalore. The company is also targeting Rs 20 crore in revenue from its FOCO outlets by FY26, with franchise-led retail projected to contribute around 50 per cent of overall revenue. 'We're combining our brand's legacy with smart business infrastructure to meet rising demand in India's evolving luxury landscape. It is an opportunity for budding and established entrepreneurs to own a store at premium locations across India without getting involved in day-to-day operations,' said Gaurav Mehta, founder, Jaipur Watch Company. The new stores are located at Oberoi SkyCity Mall in Borivali, DLF Summit Plaza in Gurgaon, and Vihan Mall in Surat. Under the FOCO model , the company retains control over operations, inventory, and brand positioning, while franchise partners invest in the physical outlets
&w=3840&q=100)
Business Standard
30-04-2025
- Business
- Business Standard
PVR INOX debuts in Jabalpur via FOCO model for expansion in smaller cities
With this opening, PVR INOX currently has 1,738 screens across 352 properties in 111 cities Listen to This Article PVR INOX, India's largest cinema exhibitor, on Wednesday opened its first multiplex complex in Jabalpur (Madhya Pradesh) with a seating capacity of 611 seats, under the franchise-owned company-operated (FOCO) model, which the company has been using to expand its presence in Tier-II and Tier-III cities in India. With this opening, PVR INOX currently has 1,738 screens across 352 properties in 111 cities, it said in a statement. The new multiplex in Jabalpur is located in the newly rebranded KA Mall, the company added in its statement. It also includes 25 recliner seats in each of the four screens. The FOCO
&w=3840&q=100)
Business Standard
27-04-2025
- Business
- Business Standard
PVR Inox bets on FOCO model to widen presence beyond metro cities
The company is hoping that by developing cinema exhibition infrastructure in different parts of the country it would be able to provide economic benefits to local filmmakers Press Trust of India New Delhi Cinema exhibitor PVR Inox is betting big on franchise owned company operated model to expand its presence beyond metros in India while also seeking to spread its affordable luxury offering, according to its CEO Pramod Arora. The company is hoping that by developing cinema exhibition infrastructure in different parts of the country it would be able to provide economic benefits to local filmmakers and artists through box office receipts and sustain content creation, Arora told PTI. Through the franchise owned company operated (FOCO) model, PVR Inox provides its expertise to oversee design, development, execution, and day-to-day operations of properties developed by investors who own the assets. PVR Inox, which opened a 5-screen multiplex in Raipur last week, is banking on the FOCO model to accelerate expansion across the country, particularly scaling up premium cinema formats in high-potential Tier II and Tier III cities. "The beginning of FOCO actually happened with Gwalior which opened last year and this one (in Raipur) which is opening in the beginning of this (fiscal) year. Now we are going to go ballistic on this...," Arora said. He said the company needed to completely understand and set up the right SOPs and has been working for the last three-and-half years to perfect the model, which has enabled to reduce the time for execution by 50 per cent. "It has now been completed and the rollout will be swifter and smoother...," he said, adding "whether it is tier I, tier II or tier III the franchise owned company operated and asset light models are relevant for all these cities". In its third quarter earnings, PVR Inox had stated that it had signed 100 screens across 22 cinemas with 31 screens, 8 cinemas in FOCO, and 69 screens, 14 cinemas in asset light mode. Arora said the upcoming planned screens will be on the affordable luxury concept to cater to the rising demand from customers for experiential cinema. "Whenever guests are spending their discretionary money they are looking forward to a component of luxury. Affordable luxury as a concept does not mean that it is going to be expensive. Prices are defined by market dynamics," he said. What is important is giving 'experiential cinema' which gets qualified as affordable luxury today in the Indian context. It is like a bridge to experience not a bridge to luxury, Arora noted. Stating that more parts of India will be covered, he cited the example of North East India which "while being a part of larger Bharat, they have missed out on the entertainment opportunity". PVR Inox will be coming up with screens in Shillong, Gangtok and Siliguri on a similar model. On the need to develop cinema exhibition infrastructure across India, Arora said 92 per cent of the industry is dependent on national, regional, local and hyperlocal content while only 8 per cent of content in terms of box office value is imported. "This content needs to have a better showcasing. There will be economic benefit to local filmmakers and artists only when there is cinema infrastructure around is the only format wherein you are able to get the box office which gets shared with the production houses by virtue of which more films can be made," Arora asserted. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
