Who We Are
The Company was originally incorporated as Lakme Limited (“Lakme”) on December 5, 1952. Lakme was in the business of manufacturing, sale and export of cosmetics, toiletries and perfumery products. In 1998, Lakme decided to divest from its cosmetics business and decided to pursue the field of apparel retailing, given the absence of established brands in most categories. It was decided that Lakme would establish a strong presence in the apparel and soft goods retailing market by opening a chain of departmental stores across the country.
ZUDIO - Franchise Details
- Tata Group’s Zudio brand has successfully expanded in the Indian fashion market by offering affordable clothing options, strategically opening stores in smaller cities, and maintaining control over cost and quality, resulting in their dominance and growth in the industry. Tata Group’s Zudio brand has successfully expanded its presence in the Indian fashion market, with over 350 stores in 42 cities and a market value of around 4000 crores, showcasing their dominance and growth in the industry.
- Strategies to elevate customer experience, strategies for fast-selling SKUs, strong private label strategies, strategic pricing, efficient store locations, influencer collaborations, user-generated content, loyalty programmes, global brand partnerships, strategies for community building are all contributing in the growth of the various players in the fashion retail sector.
- By focusing on fast-selling items and leveraging parent company Trent Ltd.’s efficient sourcing, Zudio maintains quality while offering competitive prices. Its access to cost-effective suppliers allows it to keep all products under Rs.1500 and average price at Rs.500, appealing to budget-conscious shoppers. With 71 per cent of young Indians seeking quality lifestyle products, Zudio’s pricing strategy aligns well, leading to rapid sales growth.
- Zudio has evolved into a rapidly growing concept that appeals to all with a deep commitment to being accessible across facets – fashion, reach and lifestyle. Everything about Zudio is anchored around accessibility. Zudio offers function and fashion at irresistible prices for women, men and children. The exclusive offerings are curated in-house and made available at very sharp price points. As of Nov 2023, Zudio was present through 488 stores, including stores co-located with Star. The Zudio concept continues to see traction and registered encouraging results following the second wave with revenues exceeding ` 4,000 Crore in FY23.
- The Company, having made all reasonable inquiries, accepts responsibility for and confirms that the information contained in this Information Memorandum is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which make this document as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect.
- A Legacy of Excellence: Join hands with Top Zudio, a brand synonymous with quality, innovation, and a legacy of excellence. With a rich history and a commitment to providing top-notch fashion, our franchise opportunity opens doors to a world of proven success.
- Zudio franchise cost 75lakhs INR to 1 crore and 3,000 to 8,000 Square feet space is required. FOCO is short for The FOCO (Franchise Owned, Company Operated) model is a particular kind of franchise agreement in which the franchisor keeps ownership of the business while letting a franchisee handle day-to-day operations. While the corporation supports and manages the franchisee’s business on their behalf, the franchisee makes an investment in it.
- Estimated Zudio Franchise cost range from 75lakhs INR to 1 crore.
- This investment pays for opening expenses as well as the price of equipment, fixtures, and stock. It also includes franchise fees for access to the brand name, business plan, and ongoing support from Zudio. Depending on where the store is and how big outlet. Based on that Zudio franchise cost will be varied. the Zudio franchise offers company owners an appealing chance to profit from the expanding fashion retail sector with the support of a well-known brand.
- The gross margin of 20% to 25% indicates a healthy profit potential on sales.
- The franchisee gets a substantial 60% return on capital employed at the store level.
- The ROI period of 20 to 24 months suggests a relatively quick recovery of the initial investment.
- Strong financial position and the capacity to afford Zudio franchise cost or make franchise investments are requirements for the application.
- The preference is for prior involvement in or prior experience in the retail industry. have experience in the retail fashion sector.
- The candidate needs to have a genuine interest in the Zudio brand and a willingness to follow the standards and values of the organisation.
- To determine whether the franchise store’s suggested site could be done and likely to be successful, Zudio may assess it.
- A Zudio franchise normally needs between 3,000 and 6,000 square feet of area. This area is necessary to accommodate the layout of the business, which includes trial rooms, cashier counters, display places for various fashion collections, and storage facilities. Depending on the location, store layout, and selection of products. Customers are guaranteed a comfortable and enjoyable shopping experience thanks to the open layout, which also displays a wide variety of trendy clothing.