Spykar, an Indian-founded denim brand, is planning to open 250 stores over the next five years under a franchise program.
According to Franchise India, Spykar currently operates 200 exclusive brand outlets across India targeting the youth market.
Meanwhile, the company is also exploring opportunities for international expansion.
Spykar COO Sanjay Vakharia told Franchise India the brand has operated stores in London and Melbourne, Australia, for three years.
“The experience gained during these overseas ventures is invaluable and will help us for future propositions. We will explore more global markets.”
Grounded in denim, the brand has expanded into casual clothing including t-shirts, shirts and winter clothing. Womenswear and accessories are likely to be added to the portfolio “in the near future”.
Under its Indian franchising program, the brand will open new stores at a rate of about one a week, focusing on tier 1, 2 and 3 cities: Noida, Kolkata, Pune, Mumbai, Jamshedpur, Indore, Calicut, Kota, Bangalore, Hubli, Coimbatore, Vadodara, Lucknow, Ghaziabad, Ranchi, Jaipur, Alwar, Udaipur, Jalgaon, Chandrapur, Satara, Trivandrum, Thrissur, Kottayam, Kannur, Vizag, Vijaywada, Guntur, Nellore, Rajahmundry, Tirupati, Kakinada, Chennai, Madurai, Bilaspur, Ahmedabad and Hyderabad.
