Friday, November 16, 2012

Angry Birds’ franchise hopes to fly high season

Original licensed merchandise from Angry Birds, the mobile game of wingless birds owned by Rovio Entertainment, has crossed revenues of Rs 50 crore in India. Dream Theatre, Rovio’s licensed merchandising agency, is expecting sales to escalate this festival season with companies such as Bata associating with the franchise. 

“The about-to-strike Angry Birds phenomenon is an indicator of how the Indian retail market has warmed up to the concept of licensing, which is commonplace in the West. The popularity of Angry birds is phenomenal and the first of its kind for the Indian market where majority of licensed merchandising so far have hinged on TV exposure. This simple and fun game has captured the imagination of fans,” says Jiggy George, CEO and Founder, Dream Theatre. 

Roping in Indian companies such as Swadesh (for gifts and stationery) and Excel (plush toys), the Angry Birds franchise currently has 140 licensed products being sold at 600 odd retail points, across categories ranging from adult apparel, plush toys to stationery and gifts and novelties. 

“The advent of Android and iPhones having Angry Birds games has helped expand the reach of this franchise. Today, we have one third of our sales coming from Angry Birds products amongst all the character-based merchandise we have at our stores,” said Prasanna Nagarajan, category Manager for toys and gifting, Cross Word Book Store. 

This festival season will see another 350-odd products from the franchise across footwear and footwear accessories, kids apparel, fashion bags, and even furniture. 

Footwear majors such as Bata are also reaching out to the target audience through the licensing pact with the property. Rajeev Gopalakrishnan, group managing director, Bata India Ltd, said, “With this association, we look forward to further strengthen our relations with our younger audience. With a variety of products for pre-teens and teens, Angry Birds footwear with its styles and designs is expected to entice younger customers.” 

Wednesday, November 14, 2012

Reliance Brands to buy 50% stake in GAS jeans JV

Italian fashion apparel maker, Grotto, best known for its jeans brand GAS, is set to strike a strategic partnership with Reliance Brands, a unit of Mukesh Ambani-controlled Reliance Industries, in an attempt to revamp its India play. Reliance Brands will buy a 50 per cent stake with management rights in a deal which is in the final stages.

GAS made its India debut in 2006 through Raymond and parted ways three years later. In 2010, GAS returned to the country through a completely owned cash-and-carry format, reaching customers through the franchisee route. 

The Grotto family is expected to assign the brand rights for the Indian market to the new equally owned joint venture company, Economic Times reported, citing sources. 

The GAS label, launched by Claudio Grotto in 1984, is the latest lifestyle brand to tweak its India strategy to sharpen its focus on one of the world's fastest growing economies to offset slowing growth in western markets. 

GAS or Grotto Apparel Sportswear has few exclusive outlets and presence in department stores in the country currently. Reliance Brands operates about 60 stores for a slew of international fashion brands like Diesel, Kenneth Cole, Thomas Pink, Paul & Shark and Zegna among others. 

The company, which has the backing of the deep-pocketed Reliance Industries, wants to be a platform for international labels across lifestyle and accessories aiming to enter the Indian market.

Manish Arora, BIBA launch designer label

Popular fashion designer Manish Arora on Thursday joined hands with ethnic women’s clothing retailer BIBA to form a joint venture for retailing of his label -- Indian by Manish Arora. 

The new JV, in which BIBA will have 51 per cent stake, will launch its first store next month in New Delhi, followed by three more in the next six months. 

“We were looking for a right partner to take the Indian by Manish Arora brand everywhere,” Arora said. 

Due to the synergy between the brand and BIBA and economy of scale, the prices of Indian by Manish Arora collections will be reduced by around 30 per cent initially, he added. 

Commenting on the development, BIBA Apparels managing director Siddharath Bindra said: “The first store will be opened at DLF Emporio in Vasant Kunj in Delhi. We will open four store in the next six months.” 

The JV will open 20 outlets in the next two years.

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