{"id":2262,"date":"2013-02-16T12:47:00","date_gmt":"2013-02-16T12:47:00","guid":{"rendered":"https:\/\/www.thirdeyesight.in\/?p=2262"},"modified":"2022-09-06T12:50:34","modified_gmt":"2022-09-06T12:50:34","slug":"changing-partners","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/changing-partners\/","title":{"rendered":"Changing Partners"},"content":{"rendered":"\n<p> <i>Taneesha Kulshrestha, Outlook Business<br>\n              New Delhi, February 16, 2013<\/i><\/p>\n              <p><img decoding=\"async\" data-src=\"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners.jpg\" width=\"330\" height=\"209\" align=\"left\" vspace=\"5\" hspace=\"10\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 330px; --smush-placeholder-aspect-ratio: 330\/209;\">When \n                the first Debenhams outlet opened in India in October 2007, the \n                British retailer was more than optimistic about the road ahead. \n                Never mind that the store &#8212; opened in partnership with Planet \n                Retail at Gurgaon&#8217;s Ambience Mall &#8212; was nearly 18 months \n                behind schedule. Debenhams&#8217; international director, Francis \n                Mcauley, declared that he would be disappointed if the company \n                did not have 30 stores in India over the next 10 years, by when \n                the Indian operations could be the retailer&#8217;s biggest outside \n                the UK, he predicted. Now, six years later, those forecasts are \n                nowhere close to realisation &#8212; the department store has just \n                three stores across India, two in the national capital region \n                and one in Mumbai. The brand also has a new partner in Arvind \n                Lifestyle Brands, which bought out Planet Retail&#8217;s interest \n                in November 2012. Expectations are rising again, although they \n                are considerably more muted than the last time. &#8220;I am confident \n                that within the next five years, we will have around eight Debenhams \n                stores in the five biggest cities,&#8221; says a company spokesperson.<br>\n              <\/p>\n              <p>At the other end of the spectrum, several high-end brands, too, \n                have switched partners or changed business models. In 2009, the \n                Murjanis parted ways with Jimmy Choo and Bottega Veneta, both \n                of which moved to Genesis Colors. Aigner, meanwhile, dumped Genesis \n                Colors in 2010, while last year, Versace and Corneliani ended \n                their franchise agreements with Delhi&#8217;s Blues Clothing. Again \n                last year, Giorgio Armani quit its joint venture (JV) with DLF \n                Brands and moved to Genesis Colors. DLF terms the termination \n                a &#8220;strategic&#8221; one. &#8220;The luxury business cannot \n                be scaled up in India as fast as we previously believed. So, for \n                now, we will focus on the premium segment of the fashion and retail \n                business,&#8221; says DLF Brands CEO Dipak Agarwal, adding that \n                Armani, too, has scaled down its expectations. &#8220;The move \n                to end a JV and enter a franchisee model shows that the brand \n                has narrowed its business interests in India,&#8221; he adds.<\/p>\n              <p>Despite the promise of a big consumer market &#8212; a growing \n                middle class with rising disposable incomes, growing awareness \n                of international brands and trends and an increasing willingness \n                to spend on them &#8212; many international fashion brands have \n                been forced to rethink their India ambitions. Research by Delhi-based \n                retail consultancy Third Eyesight shows that since 2006-07, some \n                50-odd brands, including Next, Guess, Gas, Etam, Rifle, Morgan, \n                Saville Row, Lerros, Corneliani and S.Olivers, among many others, \n                have either exited India or have restructured their operations \n                in the country. And the trend continued in 2012, despite the government \n                allowing 100% foreign ownership for single-brand retail outfits \n                in January last year. Brands such as Versace and Alfred Dunhill \n                are said to be eyeing the exit sign currently. How did so many \n                brands get their India strategy so wrong?<\/p>\n              <p><b>Misreading the market<\/b><\/p>\n              <p>Since 2005, there has been a four-fold increase in the number \n                of international fashion brands entering the Indian market, triggered \n                by the government decision to allow 51% FDI in single-brand retail \n                in January 2006. It didn&#8217;t hurt, either, that import duties \n                on apparel came down sharply from about 100% in the 1990s to 35% \n                currently. The result: the organised fashion retail market more \n                than doubled from about Rs 1,000 crore in 2005 to Rs 2,500 crore \n                currently and is expected to touch Rs 6,000 crore by 2015, according \n                to Technopak.<\/p>\n              <p>At the same time, for many brands, finding the right business \n                model and understanding the Indian consumer has been an uphill \n                task. <b>&#8220;Some find India too complex a market. Besides, \n                partners also tend to have differences when it comes to dealing \n                with the marketplace, the waiting time and investments required \n                to make things work,&#8221; points out Devangshu Dutta, CEO, Third \n                Eyesight.<\/b><\/p>\n              <p align=\"center\"><img decoding=\"async\" data-src=\"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners-3.jpg\" width=\"560\" height=\"951\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 560px; --smush-placeholder-aspect-ratio: 560\/951;\"><\/p>\n              <p>Ankur Bisen, VP, retail and consumer products, Technopak, offers \n                another reason. &#8220;The mistake many people make is they think \n                of India as one big market, when it is actually many markets in \n                one.&#8221; For instance, Delhi starts buying winter clothing when \n                it is still hot in Chennai. And people in the north have different \n                colour and style preferences than those in South India. &#8220;Add \n                to that poor retail infrastructure &#8212; the lack of trained \n                manpower, high rentals etc. &#8212; and you know why brands have \n                been finding it tough.&#8221;<br>\n                <br>\n                Consider Marks &amp; Spencer (M&amp;S). The British retailer entered \n                India in 2000 with a franchisee agreement with Planet Retail, \n                positioning itself as a luxury brand although it was just a high-street \n                label back in the UK. All merchandise was imported from the UK \n                and, not surprisingly, was substantially overpriced. In 2009, \n                M&amp;S switched to an equal JV with Reliance Brands and has started \n                sourcing and manufacturing 60% of its merchandise in India and \n                South Asia, which has brought down its prices by almost 20-30%. \n                The store has also repositioned itself as a mid-market retailer \n                and is making clothes more suited to Indian preferences &#8212; \n                longer lengths, higher necklines and more colour options. &#8220;We \n                have a better understanding of local taste and style now and our \n                range has been tailored to suit these,&#8221; says Venu Nair, MD, \n                Marks &amp; Spencer India.<br>\n              <\/p>\n              <p>Similarly, in October 2012, Esprit broke its seven-year licensing \n                and distribution deal with Madura Fashion &amp; Lifestyle after \n                reportedly suffering losses of Rs 20-25 crore every year. German \n                brand Lerros, which had a JV with House of Pearl, too, met a similar \n                fate in 2008 and switched to Numero Uno instead.<\/p>\n              <p>Like M&amp;S, these brands also misread the market completely, \n                charging way too much and trying to pass themselves off as premium \n                offerings when their international positioning was more middle \n                market. British brand Next, too, signed up with Arvind Lifestyle \n                recently, breaking a seven-year relationship with Planet Retail.<\/p>\n              <p align=\"center\"><img decoding=\"async\" data-src=\"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners-2.jpg\" width=\"546\" height=\"307\" alt=\"Devangshu Dutta, Chief Executive, Third Eyesight\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 546px; --smush-placeholder-aspect-ratio: 546\/307;\"><\/p>\n              <p>As it is, most exits or change of Indian partner have some common \n                threads &#8212; increasing cost pressures with aggressive expansion \n                of the brands at expensive locations; high pricing due to costly \n                merchandise imports and little or no local sourcing; and the inability \n                to position and price a brand correctly and communicate it to \n                the target customer group.<\/p>\n              <p>That&#8217;s what happened with Benetton. The iconic Italian fashion \n                brand was one of the earliest entrants into India, with a 50:50 \n                JV with the DCM group in 1991. In 2004, it split with DCM and \n                began operating as a wholly-owned subsidiary. But by then, Benetton \n                was already seen as a T-shirt company that was always on sale \n                &#8212; the company advertised heavily during its two annual sales \n                but did virtually nothing the rest of the year; it didn&#8217;t \n                help that the ads showed products that weren&#8217;t available \n                in India. The Italian parent brought in a new team, focused on \n                increasing local sourcing and made the product offering more up \n                to date. &#8220;Earlier, there was a view in the company that the \n                Indian consumer did not have the same sensibilities for fashion \n                as international customers. That was a mistake,&#8221; concedes \n                Sanjeev Mohanty, Benetton&#8217;s MD in India. Now, the Indian \n                stores are on par with stores in London, Paris and Milan, with \n                the same clothes and visual merchandise effects, although all \n                manufacturing is done locally. There&#8217;s also been a change \n                in how Benetton sells in India: the company is now a pure wholesale \n                player in India, catering to over 500 stores across 110 cities, \n                with reported sales upwards of Rs 650 crore. &#8220;We own no stores \n                and have instead appointed master franchisees that distribute \n                our products,&#8221; says Mohanty. &#8220;We do have a complete \n                grip on design, marketing and guidelines for selling our products, \n                though.&#8221;<br>\n              <\/p>\n              <p><b>The Local edge<\/b><\/p>\n              <p><b>Where Benetton and M&amp;S have realised the need to source \n                locally, many brands falter by insisting on importing merchandise. \n                &#8220;This alone can push up costs by 30-35%,&#8221; says Third \n                Eyesight&#8217;s Dutta. <\/b>If the retailer can&#8217;t pass on \n                the increased cost to the customer, margins are immediately hit. \n                Several international brands have faced this problem and are now \n                increasing their local sourcing or giving licences to Indian partners \n                to manufacture on their behalf. At Lacoste, for instance, long-time \n                partner Sports &amp; Leisure Apparel has the licence to manufacture \n                and retail the French company&#8217;s apparel in India. &#8220;Manufacturing \n                in India has helped in cutting costs, allowing us to maintain \n                a better bottomline. We are also able to get new designs and clothes \n                to the market faster,&#8221; says Rajesh Jain, CEO, Lacoste India.<\/p>\n              <p>It&#8217;s not only about cost; importing apparel also means limited \n                scope to adapt sizes and styles. &#8220;India has very local aesthetics \n                and some brands don&#8217;t allow for that. They try to plug and \n                play and that&#8217;s where the trouble starts,&#8221; says Max \n                India executive director Vasanth Kumar. The Dubai-based Landmark \n                Group&#8217;s value clothing brand has a design team of 20 people \n                working in India to adapt Max&#8217;s global lines to local sensibilities. \n                That hasn&#8217;t saved it from mistakes, though: over the past \n                six years, the chain has grown to over 70 stores but has also \n                closed outlets at places like Jalgaon and Nanded. &#8220;It takes \n                time to understand the different tastes and needs of consumers \n                across the country,&#8221; points out Kumar.<\/p>\n              <p>Trouble is, foreign brands can be rather impatient and their \n                haste to expand can backfire. High-cost rentals were part of the \n                reason Gas exited India the first time and it&#8217;s also a key \n                reason why S.Oliver is yet to make a profit here. The German brand \n                entered India in 2007 through a joint venture with Orient Craft \n                and opened large stores &#8212; 5,500 sq ft on average &#8212; in \n                prime locations; the brand reportedly signed a long lease for \n                a 7,000 sq ft store in Delhi&#8217;s Select Citywalk mall for Rs \n                3 crore. In May 2012, Orient Craft sold its 49% holding in the \n                JV to Design Pod India. The new strategy includes halving the \n                size of outlets to 1,200-2,400 sq ft. While clothes will still \n                be imported, they will be procured directly from hubs like China, \n                Bangladesh and Hong Kong instead of being routed through Germany. \n                Prices are also being slashed by almost 30-40% to bring the brand \n                in line with rivals like Zara, Benetton and Mango.<br>\n              <\/p>\n              <p><b>Equally dissatisfied<\/b><\/p>\n              <p>It&#8217;s not only the foreign brands that are unhappy with how \n                their Indian operations are being run. In May 2009, at a luxury \n                conference in Delhi, Mohan Murjani, chairman, Murjani Group, took \n                everyone by surprise when he declared the termination of the Murjani \n                Group&#8217;s JVs with brands such as Gucci and Jimmy Choo, citing \n                unfavourable terms of trade. Most foreign brands did not partner \n                the Indian owner for losses, but wanted all profits to accrue \n                to them in the form of royalty and profit share. &#8220;Sadly, \n                brand owners have pursued one-sided and imbalanced agreements, \n                which have now started to unravel,&#8221; Murjani noted at the \n                conference.<\/p>\n              <p>But some of that problem also stems from the fact that Indian \n                partners oversold the India potential to their own peril. That&#8217;s \n                the reason DLF Brands snapped its four-year-old ties with Ferragamo \n                and Armani in 2012. &#8220;We found that we could only open five \n                or six stores for these brands and there isn&#8217;t much potential \n                for the luxury market over the next five or six years. So, we \n                have decided to focus on mid-market and premium brands such as \n                Mothercare, Alcott and Boggi,&#8221; says Agarwal. Incidentally, \n                Mothercare is another foreign brand that&#8217;s switched partners \n                in India &#8212; the British chain came into India through a franchisee \n                agreement with Shoppers Stop but changed to a 30:70 JV with DLF \n                in 2009, which has since been expanded to a 51:49 arrangement \n                in favour of Mothercare.<\/p>\n              <p>There&#8217;s also trouble when the Indian partner underestimates \n                just how deep its pockets need to be to develop a fashion brand. \n                Blues Clothing was started by Dinesh Sehgal in the mid-1990s to \n                sell suiting material from premium international brands such as \n                Cadini and Canali at the family&#8217;s stores in Delhi&#8217;s \n                posh South Extension. Since 2005, the company signed on a number \n                of brands such as Corneliani, John Smedley and Versace but has \n                suffered heavy losses. While Versace has moved on to a partnership \n                with Majgenta Fashions, Corneliani has formed a JV with OSL India, \n                which also holds dealerships of BMW and Volkswagen.<\/p>\n              <p>Unfortunately, the list of failed marriages is a long one when \n                it comes to the luxury business. But the good news is that, despite \n                the stumbling blocks, foreign brands are a long way from breaking \n                ties with the Indian market. M&amp;S plans to open 10 more stores \n                by Summer 2013, its biggest expansion in a single year after having \n                been in the country for over a decade. India is among the four \n                biggest emerging markets for Lacoste globally &#8212; the Indian \n                operations grew 33% last fiscal and Jain is confident of maintaining \n                the pace this year as well. Benetton, Levi&#8217;s and Max have \n                stuck on over the years and now have turnovers in excess of Rs \n                650-800 crore. Market research firm Booz &amp; Co expects organised \n                apparel retail &#8212; which accounted for 17% of the $36 billion \n                market in 2010 &#8212; to grow to 25% of the market by 2015 as \n                the apparel retail industry, too, continues to grow by 5-10% in \n                the same period. That means an opportunity of nearly $10 billion \n                awaits apparel industry players who hang around for the next few \n                years. Surely that&#8217;s reason enough to cultivate a little \n                patience and tolerance.<\/p>\n              \n","protected":false},"excerpt":{"rendered":"<p>Taneesha Kulshrestha, Outlook Business New Delhi, February 16, 2013 When the first Debenhams outlet opened in India in October 2007, the British retailer was more than optimistic about the road ahead. Never mind that the store &#8212; opened in partnership with Planet Retail at Gurgaon&#8217;s Ambience Mall &#8212; was nearly 18 months behind schedule. Debenhams&#8217; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2262","post","type-post","status-publish","format-standard","hentry","category-press-quotes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Changing Partners - Third Eyesight<\/title>\n<meta name=\"robots\" content=\"index,follow\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myechoproject.com\/TES\/changing-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changing Partners - Third Eyesight\" \/>\n<meta property=\"og:description\" content=\"Taneesha Kulshrestha, Outlook Business New Delhi, February 16, 2013 When the first Debenhams outlet opened in India in October 2007, the British retailer was more than optimistic about the road ahead. Never mind that the store &#8212; opened in partnership with Planet Retail at Gurgaon&#8217;s Ambience Mall &#8212; was nearly 18 months behind schedule. Debenhams&#8217; [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myechoproject.com\/TES\/changing-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"Third Eyesight\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/thirdeyesight\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-16T12:47:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-06T12:50:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thirdeyesight\" \/>\n<meta name=\"twitter:site\" content=\"@thirdeyesight\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/person\\\/185f0e11ac1a68314697808a31fffddc\"},\"headline\":\"Changing Partners\",\"datePublished\":\"2013-02-16T12:47:00+00:00\",\"dateModified\":\"2022-09-06T12:50:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/\"},\"wordCount\":2189,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.thirdeyesight.in\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/changing-partners.jpg\",\"articleSection\":[\"Press Quotes\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/\",\"name\":\"Changing Partners - Third Eyesight\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.thirdeyesight.in\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/changing-partners.jpg\",\"datePublished\":\"2013-02-16T12:47:00+00:00\",\"dateModified\":\"2022-09-06T12:50:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.thirdeyesight.in\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/changing-partners.jpg\",\"contentUrl\":\"https:\\\/\\\/www.thirdeyesight.in\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/changing-partners.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/changing-partners\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Changing Partners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#website\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\",\"name\":\"Third Eyesight\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\",\"name\":\"Third Eyesight\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/1Third-Eyesight-Logo_small.jpg\",\"contentUrl\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/1Third-Eyesight-Logo_small.jpg\",\"width\":300,\"height\":168,\"caption\":\"Third Eyesight\"},\"image\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/thirdeyesight\",\"https:\\\/\\\/x.com\\\/thirdeyesight\",\"https:\\\/\\\/linkedin.com\\\/company\\\/third-eyesight\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/person\\\/185f0e11ac1a68314697808a31fffddc\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/thirdeyesite.in\"],\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Changing Partners - Third Eyesight","robots":{"index,follow":"index,follow"},"canonical":"https:\/\/myechoproject.com\/TES\/changing-partners\/","og_locale":"en_GB","og_type":"article","og_title":"Changing Partners - Third Eyesight","og_description":"Taneesha Kulshrestha, Outlook Business New Delhi, February 16, 2013 When the first Debenhams outlet opened in India in October 2007, the British retailer was more than optimistic about the road ahead. Never mind that the store &#8212; opened in partnership with Planet Retail at Gurgaon&#8217;s Ambience Mall &#8212; was nearly 18 months behind schedule. Debenhams&#8217; [&hellip;]","og_url":"https:\/\/myechoproject.com\/TES\/changing-partners\/","og_site_name":"Third Eyesight","article_publisher":"https:\/\/facebook.com\/thirdeyesight","article_published_time":"2013-02-16T12:47:00+00:00","article_modified_time":"2022-09-06T12:50:34+00:00","og_image":[{"url":"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners.jpg","type":"","width":"","height":""}],"author":"admin","twitter_card":"summary_large_image","twitter_creator":"@thirdeyesight","twitter_site":"@thirdeyesight","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/#article","isPartOf":{"@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/"},"author":{"name":"admin","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/person\/185f0e11ac1a68314697808a31fffddc"},"headline":"Changing Partners","datePublished":"2013-02-16T12:47:00+00:00","dateModified":"2022-09-06T12:50:34+00:00","mainEntityOfPage":{"@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/"},"wordCount":2189,"commentCount":0,"publisher":{"@id":"https:\/\/myechoproject.com\/TES\/#organization"},"image":{"@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners.jpg","articleSection":["Press Quotes"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/myechoproject.com\/TES\/changing-partners\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/","url":"https:\/\/myechoproject.com\/TES\/changing-partners\/","name":"Changing Partners - Third Eyesight","isPartOf":{"@id":"https:\/\/myechoproject.com\/TES\/#website"},"primaryImageOfPage":{"@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/#primaryimage"},"image":{"@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners.jpg","datePublished":"2013-02-16T12:47:00+00:00","dateModified":"2022-09-06T12:50:34+00:00","breadcrumb":{"@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/myechoproject.com\/TES\/changing-partners\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/#primaryimage","url":"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners.jpg","contentUrl":"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2022\/09\/changing-partners.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/myechoproject.com\/TES\/changing-partners\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/myechoproject.com\/TES\/"},{"@type":"ListItem","position":2,"name":"Changing Partners"}]},{"@type":"WebSite","@id":"https:\/\/myechoproject.com\/TES\/#website","url":"https:\/\/myechoproject.com\/TES\/","name":"Third Eyesight","description":"","publisher":{"@id":"https:\/\/myechoproject.com\/TES\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/myechoproject.com\/TES\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/myechoproject.com\/TES\/#organization","name":"Third Eyesight","url":"https:\/\/myechoproject.com\/TES\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/logo\/image\/","url":"https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2022\/11\/1Third-Eyesight-Logo_small.jpg","contentUrl":"https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2022\/11\/1Third-Eyesight-Logo_small.jpg","width":300,"height":168,"caption":"Third Eyesight"},"image":{"@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/thirdeyesight","https:\/\/x.com\/thirdeyesight","https:\/\/linkedin.com\/company\/third-eyesight"]},{"@type":"Person","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/person\/185f0e11ac1a68314697808a31fffddc","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/thirdeyesite.in"],"url":"https:\/\/myechoproject.com\/TES\/author\/admin\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/2262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/comments?post=2262"}],"version-history":[{"count":1,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/2262\/revisions"}],"predecessor-version":[{"id":2263,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/2262\/revisions\/2263"}],"wp:attachment":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/media?parent=2262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/categories?post=2262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/tags?post=2262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}