Archies Limited was set up in 1979 by Anil Moolchandani is an Indian company into the business of manufacturing and selling greeting cards and other social expression products like gifts and posters. Archies has a market share of about 50% of India’s greeting cards market. Archies has about 2000 outlets and franchisees, called Archies Galleries, spread across 120 cities and 6 countries. Archies has licensing arrangements for popular merchandising characters like Dennis the Menace and Disney characters. It has got arrangements with Paramount Cards. Inc, Carlton Cards, Expressions Gifts Co, Anne Geddes, American Greetings, for greeting card design, and Russberrie – a designer company and pioneers in soft toys, to source gifts. Last month, Archies had entered into a licensing agreement with UK’s leading brand Paper Island to market and distribute its flagship brand Fizzy Moon in India. They also entered the apparel business and is offering tee shirts under the brand name ‘Ginger Lemon’ and plan to enter the luxury product segment for infants this year.
Archies to replicate the humor of the greeting cards into tee shirts venture into the apparel business. This is an attempt to offer a product to suit individual buying. It can be seen as the migration from the Archies positioning from a gift company to merchandise and gift company. These tee shirts are targeted at the youth and will be priced between Rs 325 and Rs 399. Initially there will be 40 designs and Archies plans to introduce new designs each month replacing older ones. The tee shirts will be available across Archies stores and other multi-brand apparel stores.
The company will also enter a new segment of luxury toys and accessories for infants, this year. Archies has tied up with US based soft toys and infant accessories maker GUND for new-born babies. GUND’s portfolio includes soft toys , apparel, accessories and even room decor products for new borns.
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