Spanish Retailer, Zara Decides to Form a Joint Venture with the TATAs, rather than franchise
Spanish Retailer, Zara Decides to Form a Joint Venture with the TATAs, rather than franchise
Spanish Retailer Zara Decides to Form a Joint Venture with the TATAs rather than franchise - To learn more about this author, visit Dhawal Shah's Website.
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Zara, which is controlled by Amancio Ortega, Spain's richest man, is stealing a march on arch rivals H&M and GAP, who are yet to move into India, a market that has grown rapidly in recent years and which analysts believe has enormous long-term potential.
However, it will face several hurdles in the shorter term: India's middle classes are tightening their belts as rapidly as their western peers amid mounting job losses and a sudden drought of easy credit. Even before the global slowdown began to bite, Western middle-market retailers had found India hard work. Marks & Spencer, for instance, was forced to slash its prices last year after shoppers shunned its stores for being too dear.
Inditex will take a 51 per cent stake in a joint venture with Trent, the retail arm of Tata, which already has a partnership with Britain's largest retailer, Tesco. India's laws prevent overseas groups who sell more than one brand of good from wholly owning retailing operations. Some of the ways in which
Zara will not be further franchising. Franchising is one of most popular methods of venturing into new markets, due to obvious inherent advantages. However several companies including McDonalds India have created a joint venture that has the master franchise rights and they only expand with company owned locations.
The Spanish company relies on Spain for about a third of its sales, down from a half five years ago.
Spanish Retailer Zara Decides to Form a Joint Venture with the TATAs rather than franchise - To learn more about this author, visit Dhawal Shah's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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