Chinese brand Yoyoso partners with Tablez for Indian entry
Tablez, the organized retail arm of LuLu Group International, has entered into a licensing agreement with Chinese lifestyle brand Yoyoso to exclusive retail the brand in India.
As per the agreement, Tablez has committed to open 30 Yoyoso stores in leading Indian cities over the next five years.
“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," in a statement said Adeeb Ahamed, managing director of Tablez.
“Indian market is one of the most important parts of the global market. It’s 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," said Ma Huan, President of Yoyoso.
The parent company of Tablez, LuLu Group International is a UAE based firm and had recently begun a 2,000 crore (approximately 300.6 million US dollar) project in Andhra Pradesh. The company also holds the master franchise rights for Spanish fashion brand Springfield in India and Sri Lanka.
Yoyoso is a leading Chinese brand which offers affordable daily fashion products and operates more than 1,000 stores across the globe.
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