📋 About the Brand
"Parx is a premium casual wear brand from the house of Raymond, offering a trendy and energetic range of apparel for youth. Operating under a highly viable FOFO model with an investment size of 50 Lakhs, it presents a profitable franchise opportunity. We ensure great high-fashion margins, reliable logistics support, and zero royalty fees to maximize store profitability."
🏢 Business Information
Company NameParx Apparel
CEO / FounderGautam Singhania
DesignationCEO / Founder
Established Year1999
Franchising Since2015
SectorSpecialty Retail
Total Investment50 Lakh - 1 Crore
Required Area500 - 1,000 Sq. Ft.
📄 Franchise Agreement
Agreement Duration5 Years
Renewal Optionyes
Renewal FeeNo Renewal Fee
Lock-in Period1 Year
Termination Notice90 Days
Resale Rightsyes
Non-Competeyes
Exclusivity Clauseyes
Dispute ResolutionArbitration
JurisdictionMumbai, India
Agreement RegisteredYes
Notes"The franchise agreement for Parx is established for a standard duration of 5 years with a 1-year lock-in period. The agreement includes complete territory exclusivity to protect the store's market share in the premium casual wear segment. Standard non-compete clauses are strictly applicable, and all legal disputes will be handled through mutual arbitration under the designated governing jurisdiction."
