{"id":1984,"date":"2012-12-12T06:15:40","date_gmt":"2012-12-12T06:15:40","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=1984"},"modified":"2012-12-12T06:15:40","modified_gmt":"2012-12-12T06:15:40","slug":"versace-ends-franchise-agreement-with-blues-clothing-company","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/versace-ends-franchise-agreement-with-blues-clothing-company\/","title":{"rendered":"Versace ends franchise agreement with Blues Clothing Company"},"content":{"rendered":"<p><a href=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2012\/12\/logo_versace_prehome.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2012\/12\/logo_versace_prehome.png\" alt=\"\" title=\"logo_versace_prehome\" width=\"221\" height=\"172\" class=\"alignleft size-full wp-image-1985\" \/><\/a><br \/>\nGianni Versace SpA, the Italian luxury fashion company has discontinued its exclusive franchise agreement with Indian partner Dinesh Sehgal headed Blues Clothing Company (BCC).<\/p>\n<p>Versace has attributed the poor performance by BCC as the reason for discontinuing the deal.<\/p>\n<p>Versace is planning to close its store each in Delhi and Mumbai, and all the three stores in India are offering 70% discounts across all products. However, the Italian fashion retailer does not reportedly have any plans to quit the country.<\/p>\n<p>As reported in the media, BCC operated Versace stores in the Emporio Mall had been operating without electricity for not paying rents. Versace is reported to have sent a legal notice to BCC to terminate the franchise agreement.<\/p>\n<p>BCC has reportedly not been clearing the stocks sent from Mian office of Versace for some months, which is yet lying in the customs department.<\/p>\n<p>The annual sales of Versace in India are estimated to be around Rs 20 crores.<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fversace-ends-franchise-agreement-with-blues-clothing-company%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"excerpt":{"rendered":"<p>Gianni Versace SpA, the Italian luxury fashion company has discontinued its exclusive franchise agreement with Indian partner Dinesh Sehgal headed Blues Clothing Company (BCC). Versace has attributed the poor performance&#8230; <a class=\"meta-more\" href=\"https:\/\/www.franchisemart.in\/franchise\/versace-ends-franchise-agreement-with-blues-clothing-company\/\">Read more <span class=\"meta-nav\">&raquo;<\/span><\/a><\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fversace-ends-franchise-agreement-with-blues-clothing-company%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-1984","post","type-post","status-publish","format-standard","hentry","category-franchise-news","category-news","entry"],"_links":{"self":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/1984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/comments?post=1984"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/1984\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/media?parent=1984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/categories?post=1984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/tags?post=1984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}