Bengaluru, Karnataka, August 13, 2010-- "Olive & Pine has set new benchmarks in the modular furniture domain and we are delighted to launch our latest series of customized modular kitchens - CraftsMaid here in Bangalore. The accelerated growth of the industry and the increasing global awareness of consumers in India, gives us incredible opportunity to provide expertise and value to our customers" said Mr. Derick Px, CEO, & Chief Architect, Olive & Pine.
"Culinary art has so much to it today and mere cooking is a passé. Now, it is about where you cook and kitchen aesthetics is the term you can define the phenomenon as Olive & Pine offers a comprehensive choice of materials, styles, designs, accessories, and combinations, which helps in making every kitchen unique and one of its kind." He further emphasized.
The CraftsMaid series is designed and assembled in contemporary style with practical accessories and will be retailed at Rs.1,25,000 upwards for a modular kitchen. An archetypal Olive & Pine modular kitchen is slated to be a perfect blend of expertise, experience, and extensive engineering know-how. The USP of the series being that CraftsMaid kitchens have balanced chromatic effects which adds to the aesthetics and functional demands of new-age realm of kitchens.
With the objective of expanding its presence in South India, Olive & Pine plans to enter the Hyderabad and Chennai markets through exclusive franchisee networks. The brand is seeking franchisees to partners its initiative in the metros.
Notes to Editor
About Olive & Pine
Established in the year 1999, Olive & Pine is one of the leading firms in modular furniture industry. The company is a complete end-to-end kitchen solution firm with a beautiful ambience and unique modular layout. The products are divided into three main categories - Modular Kitchens, Wardrobes and Home Furniture. The brand has an enviable reputation, as designers, manufacturers and retailers with a strong presence in spaces of Modular Kitchens, Wardrobes and Home Furniture.
The key highlights: Olive & Pine is a professional setup, providing total kitchen solutions from products to services, warrantee, branded appliances, after-sales service, designed on a special software and tailor-made to perfectly fit every kitchen floor plan under one roof. They also deal in turnkey projects for some of the India's leading corporate and developers.
Tags:Olive and Pine,Modular Furniture Franchise, Kitchen Franchise, Modular Kitchen Franchise, Derick Px, Craftsmaid, franchisee network,
This Blog/Information/News Item/Press Release has been posted by Sparkleminds, A Franchise Consulting Company Based at Bangalore,India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
Showing posts with label franchisee network. Show all posts
Showing posts with label franchisee network. Show all posts
Thursday, August 19, 2010
Wednesday, July 28, 2010
Re-feel Cartridge Gets 20 Cr Funding From TLG Capital For Expanding Franchisee Network
UK based Private Equity firm TLG Capital has invested $4.46 Mn(Rs 20.5 Crore) for a 36% stake in Re-feel Cartridge Engineering Pvt Ltd in its first Indian private equity deal. The deal values the startup which provides printer cartridge refill and laptop repair services at $12.40 Mn(Rs 57 Crore).
The funds will be used by Re-feel for expanding its franchisee network and expanding its laptop repair business. TLG Capital’s Sidarth Menon has been appointed chief financial adviser at Re-feel Engineering.TLG is also planning to replicate Re-feel’s overall business model in sub-Saharan Africa due to the similarities it sees between the two markets.
In 2008, Bennett, Coleman & Co Ltd (BCCL), publishers of ‘The Times of India’ and ‘The Economic Times’, had completed a private treaty deal with Refeel Cartridge. As part of the deal, BCCL has invested around Rs 15 crore in the company.
Refeel Cartridge was floated in February 2007 but the first store was set up only in August 2007.The company claims refilling inkjet cartridges at their store will enable price saving of 75% than buying an OEM cartridge and 60% for laser cartridges. Little wonder, the company has more than 50 corporate clients.
Refilling printer cartridges is a way by which companies can cut their printing costs by at least 50-60%. Typically, a large organisation has a printing budget of around Rs 5-7 lakh per month.Around 40% of our revenue is expected from the enterprise segment and the balance from the small office home office (SOHO) and retail customers said an official from Re Feel Cartridges.
Re Feel Engineering also owns the Club Laptop franchisee which operates in the laptop service segment.Club Laptop offers a one stop solution for laptop repair and laptop accessories.
Tags:refeel cartridge, refeel franchise,franchisee, franchisee network, laptop repair franchise, sidharth menon, TLG Capital, Franchise Funding, Franchise Venture,service franchise.
Source:India Micro Finance.July 28, 2010.
This Blog/Information/News Item/Press Release has been posted by Sparkleminds, A Franchise Consulting Company Based at Bangalore,India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
The funds will be used by Re-feel for expanding its franchisee network and expanding its laptop repair business. TLG Capital’s Sidarth Menon has been appointed chief financial adviser at Re-feel Engineering.TLG is also planning to replicate Re-feel’s overall business model in sub-Saharan Africa due to the similarities it sees between the two markets.
In 2008, Bennett, Coleman & Co Ltd (BCCL), publishers of ‘The Times of India’ and ‘The Economic Times’, had completed a private treaty deal with Refeel Cartridge. As part of the deal, BCCL has invested around Rs 15 crore in the company.
Refeel Cartridge was floated in February 2007 but the first store was set up only in August 2007.The company claims refilling inkjet cartridges at their store will enable price saving of 75% than buying an OEM cartridge and 60% for laser cartridges. Little wonder, the company has more than 50 corporate clients.
Refilling printer cartridges is a way by which companies can cut their printing costs by at least 50-60%. Typically, a large organisation has a printing budget of around Rs 5-7 lakh per month.Around 40% of our revenue is expected from the enterprise segment and the balance from the small office home office (SOHO) and retail customers said an official from Re Feel Cartridges.
Re Feel Engineering also owns the Club Laptop franchisee which operates in the laptop service segment.Club Laptop offers a one stop solution for laptop repair and laptop accessories.
Tags:refeel cartridge, refeel franchise,franchisee, franchisee network, laptop repair franchise, sidharth menon, TLG Capital, Franchise Funding, Franchise Venture,service franchise.
Source:India Micro Finance.July 28, 2010.
This Blog/Information/News Item/Press Release has been posted by Sparkleminds, A Franchise Consulting Company Based at Bangalore,India, Offering Complete Franchise Solutions Nationally and Internationally for more than a decade now.Visit www.sparkleminds.com for more details.
Wednesday, April 21, 2010
Raymonds Franchise Stores to Be Added This Year In More Than 100 New Locations Across India
Raymond to take franchisee route to open 100 stores
Mumbai:Friday 16 April, 2010, The Rs 1,200-crore Raymond Ltd is planning to open 100 retail stores through its franchisee network in tier-IV and V cities like Bijapur, Mandya and Bellary in Karnataka, and Ahmednagar and Bhandara in Maharashtra, among others, in calendar year 2010. This is more than the 76 franchise stores the company opened in 2009-10 with an investment of around Rs 25 crore.
The branded apparel and textile major currently has approximately 10 lakh sq ft of retail space across 520-odd stores. Of these, around 60 are owned by the firm.
‘The Raymond Shop’ stores stock exclusive Raymond brands, which include ColorPlus, Park Avenue and Parx. Around 450 are the company’s franchisees. Retailing contributes 49% to the company’s overall revenues.
Raymond president (retail & business development) Rakesh Pandey said: “We are opening 100 stores through our franchisee network in tier IV and V cities by the end of this calendar year.” He added that the revenues from these stores are expected to be around Rs 30 crore.
The total revenue from the retail business could not be ascertained because some of Raymond's brands are produced by its subsidiaries, and will only be available in company’s annual balance sheet.
Last week, the company launched a ‘made-to-measure’ store at Palladium, located in the famous Phoenix Mills mall in Mumbai. The store is a 500 sq ft area, which mainly offers custom fits of garments.
In fiscal 2009, Raymond operated with a same-store-sales (SSS) growth of 7% and closed its third quarter with a total income of Rs 375 crore. The Raymond group has around 12 subsidiaries, out of which Raymond handles the textiles, engineering and aviation businesses. Other subsidiaries include Raymond Apparel Ltd, ColourPlus Fashion Ltd, EverBlue Apparel Ltd and Silver Spark Apparel.
Last October, the company CMD Gautam Singhania had announced an investment of Rs 100 crore to open about 300 stores across the country by end-March 2011 as part of Raymond’s expansion plans.
Tags:Best Franchise, Retail Franchise, Top Franchise,franchise companies, new franchise
Mumbai:Friday 16 April, 2010, The Rs 1,200-crore Raymond Ltd is planning to open 100 retail stores through its franchisee network in tier-IV and V cities like Bijapur, Mandya and Bellary in Karnataka, and Ahmednagar and Bhandara in Maharashtra, among others, in calendar year 2010. This is more than the 76 franchise stores the company opened in 2009-10 with an investment of around Rs 25 crore.
The branded apparel and textile major currently has approximately 10 lakh sq ft of retail space across 520-odd stores. Of these, around 60 are owned by the firm.
‘The Raymond Shop’ stores stock exclusive Raymond brands, which include ColorPlus, Park Avenue and Parx. Around 450 are the company’s franchisees. Retailing contributes 49% to the company’s overall revenues.
Raymond president (retail & business development) Rakesh Pandey said: “We are opening 100 stores through our franchisee network in tier IV and V cities by the end of this calendar year.” He added that the revenues from these stores are expected to be around Rs 30 crore.
The total revenue from the retail business could not be ascertained because some of Raymond's brands are produced by its subsidiaries, and will only be available in company’s annual balance sheet.
Last week, the company launched a ‘made-to-measure’ store at Palladium, located in the famous Phoenix Mills mall in Mumbai. The store is a 500 sq ft area, which mainly offers custom fits of garments.
In fiscal 2009, Raymond operated with a same-store-sales (SSS) growth of 7% and closed its third quarter with a total income of Rs 375 crore. The Raymond group has around 12 subsidiaries, out of which Raymond handles the textiles, engineering and aviation businesses. Other subsidiaries include Raymond Apparel Ltd, ColourPlus Fashion Ltd, EverBlue Apparel Ltd and Silver Spark Apparel.
Last October, the company CMD Gautam Singhania had announced an investment of Rs 100 crore to open about 300 stores across the country by end-March 2011 as part of Raymond’s expansion plans.
Tags:Best Franchise, Retail Franchise, Top Franchise,franchise companies, new franchise
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