'This market has significant development potential and opens exciting growth prospects for us,' said KARE CEO Peter Schönhofen regarding the opening of the franchise store in Bangalore. The new establishment marks a significant milestone for the company as it represents a strategic expansion into one of the most dynamic markets in the world.
The new store in Bangalore is located in a prime location in the heart of India's IT capital, in the southern part of the Indian subcontinent. As the third largest city in India, with approximately 12 million inhabitants, Bangalore is known not only for its vibrant economy but also for its cosmopolitan atmosphere and purchasing power, characterised by a variety of domestic and foreign IT companies. The city is often referred to as the "Silicon Valley of India" and is known for its rapid economic growth and associated population growth.
The new franchise partner, Homestudio, already operates more than 16 physical stores of the German kitchen manufacturer Nolte. 'These professional entrepreneurs are the perfect and well-known partners on the ground for our franchise network,' said Schönhofen. In close collaboration, further stores are planned to expand KARE's presence in the Indian market.
About KARE Design
Privately owned Kare Design is an internationally operating trading company for furniture, lighting and home accessories. Under the slogan "Fun at home", the company designs and markets its own range of unconventional home design in a wide variety of styles. Under the umbrella of the KARE brand, the company sells through its own retail outlets, as a wholesaler and as part of its franchise system. It also operates e-commerce and a subsidiary for the contract business. Today, the company has over 120 franchise partners in fifty countries. Jürgen Reiter and Peter Schönhofen founded their company in 1981 and still run it today as owners and CEOs.
More information:
KARE Design
www.kare.de