Franchise News India,Latest News India,Franchise In India,Textile and apparels firm Mandhana Industries Ltd, which partners actor Salman Khan’s Being Human Foundation to manufacture and market the Rs 300 crore Being Human clothing brand, has plans for deeper penetration into domestic and international markets using the franchise route. It already has a licensing agreement with the foundation for a global presence.

Mandhana said it will add new products to its portfolio from April with the introduction of a boys wear line and a sportswear sub-brand called Being Active. Between 8-10 per cent of the Being Human sales revenue goes to the foundation. In the next three months, it will demerge its retail business and hive it off as Mandhana Retail Ventures to add more brands and scale up business.

“We have aggressive growth plans,” said Manish Mandhana, Managing Director, Mandhana Industries, in an interview with The Hindu . “We want to become a complete family clothing brand, and grow 40-50 per cent per year until 2020. We will be available at over 2,000 outlets in India and abroad, compared to 700 now.” International sales in 16 countries contribute 25 per cent of Being Human’s revenue.

“The concept of charity via retail sales is popular in advanced countries,” Mr Mandhana said. “When they buy our clothes, they know a part of it will help educate a child or meet someone’s medical expenses. This brings us more international customers.” This year Being Human will flag off a store in France, in addition to one in Mauritius and two in Nepal, where it already has one.

In 2012-13, Being Human was a Rs 60 crore revenue brand. By 2014-15, sales had risen to Rs 235 crore, and this year, it will clock in Rs 300 crore in retail earning.

The Being Active clothing line is aimed at the fitness market, currently dominated by Puma and Adidas. “Our first year sales target is Rs 50 crore,” Mr Mandhana said. “Salman Khan has a strong online presence with 40 lakh Facebook fans. Therefore, online sales are high. Over 10 per cent of the total revenue comes from online sales.”



Related Post:

1. American-Chinese food Panda Express plans to Expand In india

2. Gwalior gets first SUBWAY restaurant franchise

3. Beauty brand Inglot eyes 100 stores in India by 2020

4. Coca-Cola bottlers plans to invest 510 cr in Haryana

5. Wellness Forever joined hand with franchise mart for expansion in india