Business
Tablez Inks Strategic Cooperation Agreement With YOYOSO
Tablez, the organized retail arm of LuLu Group International, today announced that it has authorized a strategic collaboration contract with Chinese lifestyle brand name YOYOSO to bring it shops to India. Adeeb Ahamed, MD, Tablez tattooed the arrangement with Ms. Ma Huan, YOYOSO Brand Name Creator as well as Business President, in a ceremony held in Yiwu, China on Monday.
Headquarted in Yiwu, YOYOSO offers affordable, fashionable and trendy daily life items that have fantastic capability, top quality, layout, and value. There are greater than 5,000 products in the YOYOSO line of product, with new ones added each month. With more than a years of experience in retail procedures the stylish recreation department store chain has greater than 1,000 stores worldwide.
Tablez plans to open up stores of YOYOSO throughout numerous areas in India over the next 5 years, with 30 stores to be released in vital cities in the first phase. Adeeb Ahamed, MD, Tablez said: We are excited to join hands with YOYOSO to bring the world-famous fast-fashion leisure department store brand to India. YOYOSO products are simple, natural, high-quality and have great value. We are sure that it will strike a chord with the discerning Indian consumers.
The parent company of Tablez, LuLu Group International had in June revealed that it will boost its yearly exports for its retailers from China which stands currently at US$ 220 million to US$ 300 million. LuLu Group International is likewise looking at establishing Hypermarkets in Yiwu and various other major cities in China at a financial investment of US$ 200 million.
Ms. Ma Huan, the president of YOYOSO, said: Indian market is one of the most important part of global market. Its a great opportunity for both YOYOSO and Tablez. Through the mutual cooperation, we are confident that YOYOSO will bring plenty of surprises and happiness to new generation India.
About Tablez
Tablez, the arranged retail arm of retailing giant LuLu Group International, has presented leading worldwide brands in F&B, toys, way of living as well as garments to India. The business has actually signed master franchise arrangements to bring brands like Springfield, Women' secret, Toys 'R' United States as well as Infants 'R' Us to the nation. Tablez also holds franchise legal rights for Cold Stone Creamery and also Galito's along with efficiently creating two home-grown brands: Bloomsbury's and also Peppermill. Tablez currently operates more than 55 electrical outlets internationally and plans to broaden to 175 electrical outlets by 2020.
To learn more, please see: http://www.tablez.in/about-us/
About YOYOSO
YOYOSO is International Rapid Fashion & Recreation Chain Store Brand Name. YOYOSO provides more than 5000 kinds of high quality items throughout classifications like cosmetics, residence accessories, fashion devices, style bags, electronic accessories, stationery & presents, seasonal products, imported food, and so on. Currently, there more than 1000 YOYOSO shops spread across the world.
To find out more, please visit: http://www.yoyoso.cn