World Franchise Review 2018

WORLD FRANCHISE REVIEW News India & China News India & China Seraphine (UK) awards India Franchise Seraphine, the London-based fashion maternity wear brand, will be launched in India in August this year. It has signed a master franchise agreement with Kay Kay Clothing LLP to enter the country. The brand’s first store in India will be opened in Delhi and it plans to have about 10 company- owned and sub-franchised stores in the next 3 years. Loob holding Sdn Bhd (Malaysia) to open 140 branches in three cities in India Loob Holding Sdn Bhd, the founder of Tealive tea beverage brand, aims to open 140 branches in three cities in India - New Delhi, Mumbai and Bangalore in the next five years. Chief executive officer Bryan Loo said the plan will be implemented through the appointment of World Iconic Brands Hospitality Pvt Ltd (WIB) as the master franchisee of the brand in the country’s market. Tablez (India) unveils Chennai’s first Springfield (Spain) store Tablez - with diverse interests in fashion, speciality retail, and F&B - holds the master franchise rights for Springfield in India and Sri Lanka. Springfield is a popular casualwear lifestyle brand with presence in 850 stores across 70 countries. The first Springfield store in India opened in Bangalore last year. The brand will retail through a mix of large format flagship stores and EBOs in India. Marriott International (US) has grand expansion plans for India The Indian market is very important for Marriott International, and the company will continue to expand further in the country, said the company’s president and CEO Arne M. Sorenson, who was in Bengaluru to launch its 100th hotel in India—the 360 room, Sheraton Grand Bengaluru Whitefield Hotel and Convention Centre, in association with the Prestige Group. Gap’s (US) Indian franchisee plans to open 17 shops Arvind Lifestyle Brands, Gap’s master franchise in India, on Monday said it will open 17 Gap shop-in-shops through multi-brand retailers by the end of the month, signalling the US lifestyle brand’s strategy for expansion into tier 2 and 3 markets in the country. Parag Dani, Gap’s business head at Arvind Lifestyle Brands said Kapsons, Iconic India and All That Jazz would be among the multi-brand retailers. Doner & Gyros (UAE) to make India debut Dubai-based quick service restaurant chain Doner & Gyros is all set to debut in India, offering sandwiches in Berlin and Chicago style. The brand is looking to open 150-200 stores in India over the next five years. “The brand is inspired from the street food of Chicago and Berlin; we will be offering hot and fresh products. We have already expanded to 21 locations in less than five years. By 2018, Doner & Gyros will be up and running at 30 locations,” said Nabi Naseeb, CEO at Doner and Gyros. China-based hotelier invests in Kona Grill (US) Kona Grill Inc., the grill and sushi bar concept, is raising about $5.6 million in a stock issue to a China-based hotelier and Kona CEO Berke Bakay, the company said Wednesday. Scottsdale, Ariz.-based Kona said it was issuing more than 3.1 million shares at $1.785 each, which was 2 percent above Tuesday’s close of $1.75 a share, to be purchased by Nanyan “Alex” Zheng, chairman of the Guangzhou, Guangdong-based Plateno Group, which owns more than 4,400 hotels. From a single pretzel shop to more than 340 locations throughout the country Wetzel’s Pretzels is a brand that resonates with consumers wherever it serves up its signature scratch-made pretzels or fresh lemonade. On Friday, the brand announced that it will soon be offerings its iconic West Coast pretzel to residents and travelers in China, with the first location scheduled to open in mid 2018. Hyatt (US) signs franchise agreement with Tianfu Minyoun (China) Hyatt and Tianfu Minyoun Hospitality unite to expand upscale hotel destinations throughout China In a testament to the high expectations associated with the partnership, Tianfu Minyoun has secured a credit line of 30 billion yuan, equivalent to more than $4 billion. Tianfu Minyoun Hospitality (Tianfu Minyoun) and Hyatt Hotels Corporation have announced that Hyatt and Tianfu Minyoun entered into a strategic development agreement to drive the expansion of Hyatt Place and Hyatt House hotels in China. Starbucks (US) laser-focused on China market Strong growth in China has continued to boost Starbucks Corp’s financial results, reflecting the significance of the Chinese market where the world’s largest coffee chain store operator has invested in upgrading stores, local plantation and expansion into lower-tier cities. China’s comparable same-store sales increased 6 percent, according to the company’s first quarter report of fiscal 2018, which ended on Dec 31, 2017. In comparison, global store sales only grew 2 percent. The Children’s Place (US) announces license agreement for China The Children’s Place, Inc., the largest pure-play children’s specialty apparel retailer in North America, today announced that it has signed an exclusive license agreement for the Greater Chinamarket, covering Mainland China, Taiwan, Hong Kong and Macau, with Zhejiang Semir Garment Co. Ltd (“Semir”), parent of Balabala, China’s largest specialty children’s apparel retailer. Jane Elfers, President and Chief Executive Officer said, “Today’s announcement unites two of the world’s largest children’s apparel retailers, both with long and outstanding track records of success. Entering the China market through this strategic partnership is a game-changer for our international business and is clearly a case where one plus one equals three.” Monnalisa (Italy) to enter Indian market Italian luxury kidswear brand Monnalisa is set to enter India later this year with its first outlet in Delhi. The brand, which is entering India through a franchise route, plans to open its first store by September this year. “We plan to open first Monnalisa store in Delhi by September this year. Euro 4 million investment will go in setting up stores, inventory and marketing of the brand,” PDM University CEO Chitresh Lather said. P.F. Chang’s (US) to expand into China “They love the concept that it’s an American bistro, serving some of their favorite American dishes for an American-style palette,” he says. The company plans to open six to eight restaurants in the U.S., and an additional 14 to 16 restaurants globally by the end of 2018. Wetzel’s Pretzels (US) to open 50 restaurants to China 23