Home / Knowledge / News / Apparel/Garments / Candy to undergo expansion in next 4 yrs
Candy to undergo expansion in next 4 yrs
07
Aug '10
Clothing firm Candy has chalked out an ambitious plan of expansion in China, which includes establishments of 24 retail units within next four years. Coruña, Inveravante, a firm supervised by the corporation of businessman Manuel Jove, has closed a master franchise contract with Global Franchise Bran (GFB).

Under this agreement, GFB that specialises in brand marketing in China received an exclusive license to grant franchises to Candy in China during the said period. The company is operational since 1992 and has an exhibition centre spread over an area of 280,000 square metres in Shanghai with the annual turnover of 1,700 million euro employing 2,000 people.

Through a franchise establishment in Wenzhou, Candy started its operations in China ten years ago, and now it is available in multi-brand shops of foreign countries. Under the recent agreement signed with GFB, Coruña will set up its first ever and two in number, its flagship units, in Shanghai and Beijing with more 22 stores in various locations of the country.

Coruña has already taken steps towards acquiring foothold in Hong Kong and Japan, and is now marching forward to reinforce its bid in to the Asian market.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search