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India’s Tara Jewels Plans to Expand Shop-in-Shop Business
Jan 31, 2016 9:48 AM
By Rapaport News
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RAPAPORT... Tara Jewels intends to expand its retail footprint through
the shop-in-shop model and explore the asset-light franchise model to speed up
expansion and cut capital allocation. The company proposes to implement these
things “in the medium to long term.”
The planned changes are part of a bid by the India-based
company to “restrategize” its domestic retail business to adapt to the current
regulatory environment, according to a statement January 29.
The company has moved one of its shop-in-shop outlets from
the Indian city of Bhopal to the Andheri Shoppers Stop in Mumbai.
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Tags:
franchising, India, Rapaport News, retail, retail models, retail strategy, shop in shop, Tara Jewels
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