Kerela to have 25 Fmart stores this year
Fmart, a Dubai-based convenience store chain has opened its first outlet in India at Kochi. Kochi Mayor Tony Chammany inaugurated the country's first F-mart at Panampilly Nagar.
Yoonus Mohamed, Managing Director, Fmart Specialty Retail Concepts, said: “Fmart is a chain of contemporary convenience stores offering a wide range of FMCGs and other ethnically traditional branded foods. We are planning to open 25 Fmart stores in Kerala alone in 2015, mostly via franchise model. Our franchise model is a low investment business opportunity along with premium margins, brand recognition and quality service.”
Kareem Abdullah, Director of the brand said: “At present Emaco Investments, the holding company of Fmart, collectively runs 11 stores in various prime locations while it continues its accelerated growth by expanding in the Middle East and Asia."
Dr M A Babu, Director, said."In India, each Fmart outlet will require an investment of approximately Rs 30 lakh to start a franchise model store. Fmart offers four flexible franchise models with different investment plans to cater to different segments of society.”