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- Me n Moms opens first franchise outlet
The one-stop destination brand for both mothers and their children Me n Moms launched its first ever franchise store in Guntur, Andhra Pradesh. The store is spread across 1,000 sq. ft, and aims to become a ‘one-stop destination’ for both mothers and their children.
Naresh Khatar, Founder, Chairman and MD, Me n Moms, informs: “The Indian market for infants apparel is registering an annual growth rate of more than 15 per cent, a lot remains to be tapped in the organized retail space thus, paving opportunities for franchise models as well. We are happy to announce our first franchise owned and operated store in Guntur. We have chosen this route to grow faster and keep ourselves abreast with the ever changing retail scenario. We have arrived at selecting this city for pursuing our franchise model, post careful evaluation of markets. We are looking at replicating this model across India for our brand.”
The company currently has a turnover of Rs 80 crore and aims to reach the Rs 300 crore mark within the next five years. It currently has 12 exclusive stores in Lucknow, Hyderabad, Mumbai, Noida, Pune and Nasik and 11 distribution offices catering to over 800+ satisfied B2B customers across India.