Childrens Place To Enter India Through Franchise

A pure-play children’s specialty apparel retailer, Childrens Place Inc (NASDAQ:PLCE) disclosed that it had struck a partnership agreement with India-based Arvind Lifestyle Brands Limited to launch stores in India. The first openings are scheduled during the fall of 2015. There could be a potential of 50 stores after the first launch.

International Presence

The company President and Chief Executive Officer, Jane Elfers, said that it was making significant steps in its global franchise business as the company was focused on offering great value and fashion to the kids around the world. He said that Arvind has an established record in the Indian market and also operates successful brands. The Childrens Place Inc (NASDAQ:PLCE) would be the first of its kind in India specifically for the age group of 0 – 14.

The CEO also disclosed that it was committed to continuing its execution of E-Commerce growth, international and wholesale business expansions apart from investments in seamless retail and rationalization of fleet to deliver sustainable long-term growth.

Arvind to open 40 Gap stores in India

Retailer Arvind Ltd said it hopes to generate sales of Rs.1,000 crore from its franchise agreement with US retailer Gap Inc. Arvind also bagged rights to sell Gap online, a deal that was earlier expected to go to online fashion retailer Myntra. Arvind, which sells owned brands such as Flying Machine and Excalibur as well as licensed brands such as Arrow and Tommy Hilfiger, will invest more than Rs.400 crore over the next five years to open 40 Gap stores in India. The first few stores will be launched in Mumbai and Delhi in May 2015, said J. Suresh, managing director of Arvind Lifestyle Brands, Arvind’s retail unit.