defers Gucci's stake buy proposal
designer goods maker Gucci's proposal to pick up a majority
stake in its Indian franchisee has been deferred by
the government after Department of Industrial Policy
and Promotion (DIPP) sought further examination, the
Times of India reported, citing sources. More...
Maternity opens second store in Kuwait
Maternity Corporation, the world's leading maternity
apparel retailer, has announced the opening of Motherhood
MaternityŽ in the Al Bairaq Mall in Fintas, Kuwait.
This is the second store Destination Maternity Corporation
has opened in Kuwait through its franchisee, Multi Trend,
a member of the Al-Homaizi Group, agency reports. More...
Group to launch 10-15 brands every year
Biyani-led Future Group is developing well-performing
labels from its private label kitty into strong stand-alone
brands. The company is expanding its private labels
in various categories and is looking to enter 10-15
new categories every year, reports Business Line. More...
eyes acquisitions, domestic and foreign
FMCG major Emami is scouting for acquisitions in the
domestic and overseas markets and says it can spend
up to Rs 800 crore on this. Meanwhile, the company,
which acquired Zandu Pharmaceuticals last year for around
Rs 700 crore, said it would be a debt-free company soon
and could raise more funds for inorganic growth, reports
Business Standard. More...
Retail's CDR may take shape in two months
retailer Vishal Retail's proposal for corporate debt
restructuring is likely to take a final shape in the
next 60 days. The company is planning restructuring
debt worth Rs 730 crore, reports Business Line. More...
to roll out more Brand Experience Centres
by the encouraging response to its Brand Experience
Centres, Amway India Limited, one of India's leading
direct selling companies, plans to add 5-6 such centres
in the next 12 months to enable more consumers to get
a first hand experience of its products. Apart from
opening more centres, Amway also intends to upgrade
its 54 offices across the country into Brand Experience
Centres, reports Business Standard. More...
plans to open 63 new stores next fiscal
maker Kazo Fashions plans to set up 63 stores globally
in the next fiscal, with a total investment of Rs 70
Bazaar opens first store in Jamshedpur
Bazaar, the leading hypermarket chain from Future Group,
has opened its maiden store in Jamshedpur. The total
investment in opening the store, which is spread over
an area of 50,000 square feet, is close to Rs 10 crore
(excluding the merchandise). At present, Big Bazaar
has 121 stores including this. More...
Group to invest Rs 250 crore in cinema biz
player SRS Group is expanding its cinema exhibition
business and plans to have 100 screens over the next
three years with an investment of Rs 250 crore. At present,
SRS Cinemas, the theatre chain of the group, operates
14 screens across four multiplexes in Gurgaon, Faridabad
and Gorakhpur. More...
Cinemas drawing up plans for entertainment beyond movies
country's largest multiplex chain PVR Cinemas is all
set to go beyond only screening movies. Pursuing its
ambitions to become an integrated retail entertainment
company, PVR is chalking out plans to open ice-skating
rinks, fitness centres and expand its chain of bowling
centres, reports Business Line. More...