Singapore-based FranGlobal, is set to expand its APAC (Asia Pacific) footprint by entering Bangladesh with 50 global brands, said a statement.
FranGlobal plays a vital role in favourably and profitably partnering diverse global companies for entry and expansion into the different topographies.
FranGlobal will provide all the support and services for the brands who want to enter in Bangladesh market and also for Bangladeshi local brands looking for expansion through franchising locally and globally. Apart from this, the company will also provide Franchise Development Consultation to local Bangladeshi brands, facilitate liaison between International brands and Bangladeshi investors and arrange Exhibitions and Knowledge Sharing Events.
FranGlobal is organising 1st ever international franchise and retail expo in Bangladesh on February 24, 2018. This will witness participation from 50+ international and local brands from different industries, showcasing their franchise opportunities along with knowledge sharing sessions by industry experts from home and abroad on franchising, retailing, licensing, entrepreneurship and business innovation best practices.
Mr. Gaurav Marya, Chairman, FranGlobal, said, “As per PwC (Price waterhouse Coopers), Bangladesh is poised to be among top three fastest growing economies of the world by 2030. The country is home to thousands of businesses and has emerged as one of the largest concentrations of multinational companies in South Asia. While there are a handful of Bangladeshi local brands who want to expand their business oversees and planning to franchise globally.
Foreign franchisees in Bangladesh are doing impressively well; in fact, world’s biggest brands are flourishing internationally at an accelerated pace than they are locally. We believe this is the opportune time for FranGlobal to enter Bangladesh market and we are positive of the same.”
FranGlobal is currently operating in Canada, United Kingdom, India, Singapore and Greece along with other diverse geographies. FranGlobal has supported brands like, The Coffee Bean & Tea Leaf, Gloria Jean’s Coffees, KFC, McDonalds, Sbarro, Levis, Benetton, Roberto Cavalli, Reebok, Baskin Robbins, PepsiCo, Yogurberry, Nina Ricci, Little Kickers, Mandilicious and many more in entering and expanding their operations worldwide.
-rmc//