Hot Pursuit     18-May-24
Go Fashion inks franchise agreement with UAE-based Apparel Group
Go Fashion (India) said that it has entered into a new five-year franchise agreement with Apparel Group, a leader in global fashion and lifestyle retail.

Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2200+ retail stores and 85+ brands on all platforms. The Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines.

This partnership marks a significant step towards expanding the Go Colors brand throughout the GCC countries, starting with launching 13 new stores across the United Arab Emirates and Saudi Arabia.

The first phase of expansion will focus on establishing a strong presence in major cities across the UAE and Saudi Arabia, with further plans to extend throughout the GCC.

Gautam Saraogi, ED & CEO, Go Fashion (India), said: “We are thrilled about our partnership with the Apparel Group to launch stores in the GCC region, marking a pivotal move in our global expansion strategy.

The Apparel Group, a prominent fashion powerhouse on a global scale are the perfect partners for initiating our global expansion efforts. Their involvement promises to bring significant value, enhancing our venture in numerous ways.”

Go Fashion (India) is involved in the retailing of women's bottom wear products under its brand, Go Colors. The products are sold in the domestic market through its extensive pan India retail channel comprising 704 EBOs and around 2,024 large format stores.

The scrip rose 0.68% to currently trade at Rs 1020.70 on the BSE.

Previous News
  Go Fashion (India) IPO subscribed 135.41 times
 ( IPO Centre - IPO News 22-Nov-21   17:40 )
  Go Fashion (India) AGM scheduled
 ( Corporate News - 29-Jun-24   17:32 )
  Go Fashion (India) to discuss results
 ( Corporate News - 28-Oct-22   13:44 )
  Go Fashion (India) IPO subscribed 6.87 times
 ( IPO Centre - IPO News 18-Nov-21   17:23 )
  Go Fashion (India) standalone net profit rises 20.16% in the March 2023 quarter
 ( Results - Announcements 05-May-23   15:53 )
  Benchmarks hover near opening levels; Pharma shares rises
 ( Market Commentary - Mid-Session 18-May-24   12:01 )
  Volumes spurt at Gujarat Fluorochemicals Ltd counter
 ( Hot Pursuit - 05-Dec-22   14:30 )
  Go Fashion (India) standalone net profit rises 4.00% in the September 2023 quarter
 ( Results - Announcements 31-Oct-23   13:56 )
  Go Fashion (India) IPO ends with robust subscription
 ( IPO Centre - IPO News 23-Nov-21   10:30 )
  Go Fashion (India) receives upgrade in credit ratings
 ( Corporate News - 28-Jul-23   11:20 )
  Go Fashion (India) enters into franchise agreement with Apparel Group
 ( Corporate News - 17-May-24   16:04 )
Other Stories
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
  Shilpa Medicare sizzles after Unicycive gets positive results in clinical trials of OLC
  05-Jul-24   14:52
  Manugraph India Ltd leads losers in 'B' group
  05-Jul-24   14:45
  NSE SME Nephro Care India rallies on listing day
  05-Jul-24   14:45
  ESAF SFB total deposits jumps 33% YoY in Q1
  05-Jul-24   14:43
  Utkarsh SFB deposits climb 30% YoY in Q1 FY25
  05-Jul-24   14:35
  Volumes soar at Medplus Health Services Ltd counter
  05-Jul-24   14:30
  Financials stocks slide
  05-Jul-24   14:00
  Banking stocks edge lower
  05-Jul-24   14:00
Back Top