report on fabindia

1. Synopsis on Fabindia
Submitted To: Miss Sakshi Gupta
Submitted by: Gurjot Singh
Class – B.com 1b

2. Fabindia is an Indian chainstore retailing garments, furnishings,
fabrics and ethnic products handmadeby craftspeople across
rural India.
FOUNDER: Established in 1960 by John Bissell, an American
working for the Ford Foundation,New Delhi,
Industry: Fabindiastarted out exporting home furnishings,
before stepping into domestic retail in 1976, when it opened its
first retail store in Greater Kailash,New Delhi.
Today it has over 170 stores across India and abroad, and is
managedby his son, WilliamBissell
Headquarter: Its headquarterin New Delhi, India
CEO: William Bissell is ceo of Fabindia.
REVENUE: Its current Revenue is $65 million.
WEBSITE: www.fabindia.com

3. EARLY YEARS
Over the next two decades Fabindia , emerged as a successful retail
business in India, with 111 retail outlets within the country and 6
abroad.
Fabindia added its non-textile range in 2000, organic foods in 2004,
followed by personal care products in 2006; finally it launched its range
of Handcrafted jewellery in 2008.
Fabindia sells a variety of products ranging from textiles, garments,
stationery, furniture, home accessories, ceramics, organic foods, and
body care products, besides exporting home furnishings.
Fabindia's retail expansion plans started taking shape 2004 onwards, it
opened multiple and larger stores in metros like Mumbai, Chennai and
Delhi, while at the same time spreading out beyond metros.
It opened stores in cities like Dehradun, Coimbatore and
Bhubaneswar, Durgapur soon as revenues also grew from Rs 89 crore in
2004-05 to Rs 129 crore in 2005-06, reaching Rs 200 crore in 2007, in
the year when it sourced its products from 22,000 artisans in 21 states.
AWARDS: Fabindia was awarded “Best Retail Brand” in 2004 by The
Economic Times In 2004.

4. Philanthropy:
William and John Bissell established "The Fabindia School" in 1992 in
Bali, in Pali district of Rajasthan, today it is co-educational, senior
secondary school with 600 students including 40% girls. The school
subsidized tuition fees of the girl students and offers them scholarships,
in partnership with "The John Bissell Scholars Fund", established in
2000.
Controversy:
On April 3, 2015, Union Minister of Human Resource Development,
Smriti Irani allegedly spotted a camera positioned to record near a
changing room, at an outlet of Fabindia in Candolim, Goa. She
immediately raised an alarm, alerting her husband and then called a
local legislator, Micheal Lobo, who lodged an FIR.