The Franchising World - March - April 2024

In this issue

March - April 2024

LG ELECTRONICS ENTERS SELF-LAUNDRY SERVICE IN INDIA, TO INVEST $4 MN IN 2024

Leading home appliances maker LG Electronics India announced its entry into the self-laundry services space, where it is planning to invest $4 million (around Rs 33.2 crore).

1 min

Yum Restaurants India Exits Devyani International

According to the block deal data available on the National Stock Exchange (NSE), Yum Restaurants India offloaded 5,30,83,330 shares, amounting to its 4.4 per cent stake in Devyani International.

1 min

Louis Philippe and Peter England Debut Exclusive Outlets in Mauritius

Aditya Birla Fashion and Retail Ltd. (ABFRL) launched Louis Philippe and Peter England, its distinguished menswear brands, to the vibrant retail landscape of Mauritius in collaboration with Jetha Tulsidas.

1 min

Quick service restaurants' revenue, margin under stress; recovery seems distant: Report

The rising popularity of food aggregators has hurt dine-in sales of quick service restaurants QSR) and has also fragmented delivery sales

2 mins

MCDONALD'S NORTH & EAST GAINS FROM INNOVATION AND EXPANSION

Rajeev Ranjan, the Managing Director of McDonald's India North and East, reflects on the dynamic journey of steering one of India's favorite Quick Service Restaurant (QSR) brands amidst challenges and opportunities. In an exclusive interview, he delves into the brand's resilience during the uncertainties brought by the COVID-19 pandemic and outlines ambitious expansion plans for the North-East region.

5 mins

MEET THE CYBERSECURITY TRAILBLAZERS 63 MOONS

Investing in cybersecurity services and franchisees can provide financial returns while aiding businesses in safeguarding themselves against cyber threats. 63 moons technologies ltd, previously recognized as Financial Technologies, stands out as a leading cybersecurity service provider.

6 mins

How does Maharashtrian Food restaurant adds to the flavour of franchising

Maharashtrian cuisine offers a beautiful fusion of foods and is renowned for its strong flavours, aromatic spices, and distinctive cooking techniques. MyBoli Maharashtrian Kitchen in Hyderabad offers authentic Maharashtra’s culinary delicacies that will likely leave you wanting more. For connoisseurs investors craving for starting a restaurant serving the true flavours of Maharashtra, Sadhana Patil, Founder, MyBoli Maharashtrian Kitchen awaits with its culinary delights a lucrative opportunity.

1 min

Finest Returns In Fine Dine

With a belief of making fine-dine a necessity and not a luxury, Hitesh Bang, Founder, Parampara Flavours of India discusses in detail with Beny Sachdeva about his entrepreneurial journey as a foodpreneur and his plans to expand his premium brand pan India

2 mins

Invest in Education

Futuristic Edu Initiatives FEI) group has diversified academic operations since 2007 with multiple offerings including Pre-schools, K-12 schools offering CBSE and CAIE programmes, and Teacher training institutions affiliated to international bodies. Narendra P Edpuganti, Founder MD Futuristic Edu Initiatives talks to Beny Sachdeva about booming business potential for edupreneurs who want to invest in pre school business. FEI’s pre school chain, Seeds Pre School offers a lucrative opportunity innovative curriculum designed to prepare children for future challenges.

4 mins

CarzSpa outshines the Rest

Established in 2006 by Anckur Sama in Gujarat, CarzSpa has risen as the premier car detailing franchise, experiencing exponential growth across India and Nepal. Renowned for its high-end premium detailing services, including paint protection products and ceramic coating.

1 min

The Hidden Struggles of Small Franchise Chains in F&B Industry

Numerous smaller or homegrown brands are grappling with difficulties in sustaining their businesses post-expansion. Despite the apparent ease of spreading franchises and increasing the number of outlets in India, the real challenges lie in sustaining operations and achieving profitability, making it a complex and problematic endeavor.

4 mins

HOW FAILURE FUELLED NINA LEKHI TO BUILD A FLOURISHING BRAND, BAGGIT

Entrepreneurial journey of Nina Lekhi, Founder, Baggit was nothing short of extraordinary. As a young woman, she faced setbacks in her academic pursuits, finding herself forced to take a year off from college. But Nina was not one to be deterred by challenges. Determined to prove her worth, she embarked on a journey fueled by resilience and ambition. As she continues to shape the future of entrepreneurship, Nina’s journey serves as a beacon of hope for generations to come.

3 mins

BETTING BIG ON RETAIL BIZ

In discussion with Beny Sachdeva, Prateek Tikmani, Multi-unit Franchisee of Manyavar, Manyavar Mohey Raymond spill the beans about his success story and his journey so far with the renowned retail brands in India.

2 mins

Recipe to Success

Four school friends embarked on a culinary adventure that would change the dining scene forever in Mayfair London. Thus, in 2011, Burger Lobster was born. Riccardo La Monica, Managing Director Asia/Middle East) at Burger Lobster Restaurant Group Limited talks to Beny Sachdeva about brand’s expansion plans.

2 mins

241 PIZZA SET FOR MEGA EXPANSION

Canada-based quick service restaurant chain 241 Pizza has evolved as one of the leading pizza brands in Ontario. The brand will continue its aggressive expansion spree” with a significant commitment to expanding its presence in the India Gulf markets. In a candid conversation, Tariq El-Nogqrashy, Director of Franchising Real Estate Development at Chairman’s Brands, talks to The Franchising World about the company’s foray into the Indian market.

1 min

What Terrible Bosses Can Teach You

Sometimes the best insights come from the worst experiences. Here, six founders dish on their awful former bosses—and how they learned to do better.

2 mins

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The Franchising World Magazine Description:

The Franchising World, India's most comprehensive and leading end-to-end business and franchise magazine, has become a benchmark in its 14th year of existence. Since its inception in 1999, this monthly publication has become an essential success tool for the investing community. The magazine is a platform where you will find information of companies looking for partners in various categories of business. There are articles which guide you on how to start and run a business with latest updates in the franchise industries.