FoBaz to make India foray; sets up wholly-owned subsidiary (May 05th, 2007)
NEW DELHI: American photo studio chain FoBaz
The group plans to invest to the tune of Rs 60 crore for building its retail network in India. The group will operate in India in three different business formats, online, retail and mobile. On the mobile side, the company has initiated talks with leading operators, and is likely to start full-fledged operations early next year.
On the retail front, the company would be operating through stand-alone as well as franchisee formats. Virender Ahluwalia, CEO, FoBaz
The company is also likely to have marketing tie-ups with players in other related industries such as Kodak and Konica. Besides online storage and sharing, FoBaz
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