Dear Mr Arora,
See my replies below (in red) to a few of your questions. Due to the sensitivity of information in a public company I would not be at liberty to discuss in specific the majority of your questions.
As to the business development of the product lines we will be adding them as and when we see an opportunity in the market however we are focusing on our core businesses for today.
We are aware of what the Fila brand is doing globally and will act upon opportunities when we can.
Both the fitness and sports markets are growing at a rapid pace and we hope to be a major player in them in the coming years.
I apologise for not answering your questions in depth and I hope you understand the reasons behind this.
See my replies below (in red) to a few of your questions. Due to the sensitivity of information in a public company I would not be at liberty to discuss in specific the majority of your questions.
As to the business development of the product lines we will be adding them as and when we see an opportunity in the market however we are focusing on our core businesses for today.
We are aware of what the Fila brand is doing globally and will act upon opportunities when we can.
Both the fitness and sports markets are growing at a rapid pace and we hope to be a major player in them in the coming years.
I apologise for not answering your questions in depth and I hope you understand the reasons behind this.
A 1. We have plans to roll out a number of stores in the coming years and they will be a combination of both franchise and owned stores.
Q 2. How many of 51 Proline-Fitness stores are company owned and how many franchise owned in India. FILA in Korea has 400 franchise showrooms, can we not expand franchise showrooms of FILA in India so that others money is invested in shops ? FILA Korea is at #2 spot and ADIDAS is trailing them at #3 position for the past five years, something similar can happen in India with greater brand building focus, my next question follows from this.
A 2. The majority of our stores are operated by the company with the exception of a few. We are aware of the success of Fila in Korea and with obvious consideration to the local conditions of business try and adapt our model and succeed in India.
Q 5. Difference in positioning of a Proline fitness store compared to Fila store in terms of location( Tier 1,2, audience etc), store size , Budget allocation(Rentals ,working capital rqmts etc).
A 5. Both are similar however fitness stores are larger.
Q 11. Is it possible for Cravatex to get Titleist and Footjoy rights in India, after FILA Korea's Acushnet acquisition. Titleist has 69% market share and Footjoy has 57% market share in USA, they are worth every penny to fight for.
A 11. As of now this has not been discussed as the acquisition only happened a few months ago.
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