Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
International 2015-05-29

Franchising is the fastest way to expand & get across the country

Franchising is the fastest way to expand & get across the country

With three Truefitt & Hill Barber Shops and two retail stores already in India, Lloyds Luxuries Ltd is going up and expanding fast. The group also recently brought UK’s Barker Shoes and finest Cufflinks and jewellery brand Deakin & Franchis to India and many more are there on the plate soon. In an exclusive conversation, Krishna Gupta, the 22 year old Managing Director of Lloyds Luxuries Ltd talks about his franchise plans for the brands and the challenges faced. Enjoy the read….

Starting at this young age and bringing Truefitt & Hill to India! What was the biggest challenge?

The biggest challenge for us was to build a good team at our core. As with any business that wants to grow, we needed to have a strong team who understands our vision and has the abilities to handle several stores together. Once we had our core team in place it became easier to train our staff, get our logistics right and open four outlets in just ten months. 

Do you plan to decide on franchise route for any of the brands you have brought to India?

Yes, of course we do. Franchising is the fastest way to expand and get across the country. Since Truefitt & Hill is a service brand, it's more scalable, as everyone has to get a haircut and shave, which gives us the opportunities to open several stores across the country. We plan to open 75 stores across the country in five years, and of them we will franchise 25-30%.  

Don’t you believe a celeb name attached to a brand surely attracts more business and popularity?

For us the brand itself is an ambassador - Truefitt & Hill, a 210 year old brand, in the Guinness Book of World Records for being the oldest Barber Shop in the world, the only Barber Shop to hold a royal warrant to H.R.H The Duke of Edinburgh, with its products and antiques found on the Titanic. We might plan to have a brand ambassador in the future once we have  pan-India presence.

Tell us about your expansion plans for India? Which cities you wish to tap?

Since we are a luxury brand, it will take time to reach the tier III and IV cities, however we are currently focusing on Mumbai where we have three barber shops and will be opening two more in three months. We are short listing locations in Delhi, Hyderabad, Bangalore, Chennai and Pune to open at least one outlet in each of the mentioned cities over the next six-eight months. 

Any other brand on the plate this year for Lloyds Luxuries? 

We are looking to get a couple of more brands in the women only salon space to India which are specialty brands and are known for certain services abroad.

Related opportunities
  • About Us: Smilezone is India's most reliable chain of Dental clinics,..
    Locations looking for expansion Tamil nadu
    Establishment year 2000
    Franchising Launch Date 2014
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Casual dine Restaurants
    About Us: As the name suggests, Dhadoom is a fun brand..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Construction / Earthmoving Machinery
    About Us: Concrete Homes, a brand owned by Shreekha Infra Solutions(SISCON),..
    Locations looking for expansion Andhra pradesh
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Bars, Pubs & Lounge
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts