CK Jaipuria Group and Adidas India Join Forces in Exclusive Franchise Agreement
Ten News Network
Mumbai (Maharashtra), 30th Jan 2023: CK Jaipuria Group, a leading conglomerate in India, has announced a franchise agreement with Adidas India, a subsidiary of the German sportswear giant Adidas AG. Under the agreement, CK Jaipuria Group will open and operate exclusive Adidas stores across India, offering a range of athletic and lifestyle products to consumers.
The partnership is a significant move for both companies, as Adidas looks to expand its presence in India and tap into the growing demand for sportswear and athletic footwear in the country. The deal with CK Jaipuria Group is part of Adidas’ strategy to strengthen its retail network in India and reach more consumers through a combination of company-owned and franchise stores.
CK Jaipuria Group is well known in India for its expertise in retail and distribution, making it an ideal partner for Adidas as it looks to grow its business in the country. The group has a strong track record of successfully operating retail franchises, and the partnership with Adidas is expected to bring significant benefits for both companies.
Adidas has been operating in India for over two decades, and the company is committed to providing Indian consumers with access to the latest products and technologies. The partnership with CK Jaipuria Group will enable Adidas to increase its retail footprint in India, as well as further improve its customer engagement and loyalty.
Adidas India Managing Director, Dave Thomas, expressed his excitement about the partnership, stating, “We are thrilled to partner with CK Jaipuria Group, one of India’s leading retail companies. This partnership will enable us to reach even more consumers and offer them the latest and greatest products from Adidas. We look forward to working with CK Jaipuria Group to bring the Adidas brand to life in India.”
In conclusion, the franchise agreement between CK Jaipuria Group and Adidas India is a significant milestone for both companies. The partnership will enable Adidas to expand its retail footprint in India, reach more consumers, and offer them the latest products and technologies. The partnership with CK Jaipuria Group is expected to bring significant benefits for both companies, and is a testament to the growing importance of India in the global sportswear market.