|
The world famous house of wax, Madame Tussauds is all set to foray in India. Bobby Khan Holdings has acquired the exclusive license for opening the Madame Tussauds in India in a proper phased out manner. The Museums in India will feature the wax replicas of the most popular global personalities, which will include people belonging to the world of Hollywood, politics, entertainment, sports and Bollywood.
Bobby Khan has acquired 100 percent franchisee of Madame Tussauds in India. He has acquired the exclusive rights of the brand from Merlin Entertainment, a part of PE fund Blackstone that owns Madame Tussauds globally. The wax Museums will come up in India from 2010 onwards, first opening up in the commercial capital Mumbai, followed by Delhi and then finally Hyderabad. Bobby Khan has also revealed that he might take the Museum to the city of Lahore in Pakistan.
The wax Museums in India like Madame Tussauds will follow the minimum ’75 wax statues per location’. Each statue is speculated to be costing somewhere around Rs.1.5 crore, hence the total amount to be invested in each museum is going to be around 300-400 crore which will include the cost of statues, real estate and other miscellaneous costs.
