PNG Jewellers has confirmed its new policy to initiate a franchise model for the first time at a recent press conference in order to take its legacy to even greater heights.
Named ‘IFO-Initial Franchise Offering’, the programme will be targeting both Tiers I and Tier II cities in Maharashtra within the next two years for the expansion of its jewellery brand.
The business plan is very important for PNG Jewellers in terms of growth as it will conduct its biggest expansion yet in a relatively short span of time.
PNG Jewellers is expected to open about 15 new stores via the franchise model in around two years period focusing on Maharashtra initially.
There are plans for further expansions in the Konkan region of Maharashtra as well as international markets such as the Middle East, UK, USA and the Far East.
The interested in franchise association with jewellery brand will have FOCO and FOFO option for opening the avenue to those who already have business experience as well as those looking to start a business venture.
Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers, said, "We are always working towards expanding PNG Jewellers’ footprint and making it a preferred destination for jewellery shopping, not just regionally and nationally but also globally. It gives me great pleasure to share our vision of expanding our business and we look forward to creating progressive entrepreneurs who will be serving many more happy customers through a successful franchise model."
