{"id":12014,"date":"2024-04-05T17:47:44","date_gmt":"2024-04-05T12:17:44","guid":{"rendered":"https:\/\/www.franchisezing.com\/franchise\/?p=12014"},"modified":"2024-04-05T17:47:45","modified_gmt":"2024-04-05T12:17:45","slug":"the-uk-apparel-retailer-nexts-franchise-rights-for-the-indian-market-are-acquired-by-myntra","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/the-uk-apparel-retailer-nexts-franchise-rights-for-the-indian-market-are-acquired-by-myntra\/","title":{"rendered":"The UK apparel retailer NEXT’s franchise rights for the Indian market are acquired by Myntra."},"content":{"rendered":"\n

Next, the\u00a0UK-based fashion brand\u00a0signed a new franchise agreement<\/a> with Myntra, the largest online and offline\u00a0retailer in India.<\/p>\n\n\n\n

According to The Economic Times report<\/a>, the fashion retailer’s distribution and management rights have been acquired by Myntra, enabling Next to expand its omnichannel footprint throughout the region.<\/p>\n\n\n\n

Bengaluru, Delhi, Mumbai, and other major cities in India\u00a0have Next-branded stores<\/a> opened by Myntra.<\/p>\n\n\n\n

Additionally, it will guarantee that the clothing business <\/a>has a “wide presence” online where consumers can view its collections of men’s, women’s, and children’s clothing.<\/p>\n\n\n\n

According to Myntra, the agreement allows it\u00a0to bring other Next portfolio brands, such as Reiss, Joules, and Fat Face, to the Indian market.<\/p>\n\n\n\n

“We are extremely excited to be working with Myntra in one of the fastest-growing markets in the world and very much look forward to seeing what can be achieved together,” Next Chief Executive Lord Wolfson said.<\/p>\n\n\n\n

Nandita Sinha, the CEO of Myntra, stated that the company aimed to “strategically build [Next’s] omnichannel presence in the country.”<\/p>\n\n\n\n

“Our first year of working together has succeeded in developing the perfect product, audience, and price fit in India, with Next growing online on a successful path. “We are excited to unlock the next phase of growth in the brand’s India scale-up journey, as we have a strong playbook in building adoption for global brands exponentially from the ground up,” he stated.<\/p>\n\n\n\n

As part of its foreign expansion strategy, Next is in negotiations for comparable franchising and licensing<\/a> arrangements in other Asian nations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Next, the\u00a0UK-based fashion brand\u00a0signed a new franchise agreement with Myntra, the largest online and offline\u00a0retailer in India. According to The Economic Times report, the fashion retailer’s distribution and management rights [ … ]<\/p>\n","protected":false},"author":1,"featured_media":12015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,787],"tags":[],"class_list":["post-12014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-franchise-news","category-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/12014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=12014"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/12014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media\/12015"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=12014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=12014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=12014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}