JULY 01, 2009
 

Yum Restaurants looks for 50% revenue from KFC

Yum Restaurants is eyeing 50 per cent revenue contribution from its fast food chain KFC in the next two to three years. Pizza Hut also owned by Yum Restaurants, contributes around 70 per cent revenue to the companyís business in India. Yum, which has a strong focus on the Indian market, is planning to double the number of the food chains by 2012. More...

Dutch retailer Rituals opens maiden store in Israel

Rituals, the Dutch cosmetics and homewares retailer, has announced the opening of its maiden store at Tel Aviv's Dizengoff Center. Further, the company plans to open nine more stores in Israel by the end of 2010, agency reports. More...

Carrefour sees Euro4.5 billion costs cuts by 2012

French retail giant Carrefour SA executives said they expect to cut costs by EUR4.5 billion over the next three years as part of a company-wide restructuring plan detailed by chief executive Lars Olofsson on Tuesday. More...

Chinese Suning to buy 27.36% shares of Japan's Laox

Chinese electronics retailer Suning has confirmed that the company will buy 66.67 million shares from the Japanese electronics retailer Laox at a price of JPY12 per share. Meanwhile, this is the first time that a Chinese company will acquire a Japanese listed company and it is the first time for a Chinese home appliances chain to enter the overseas market, agency reports. More...

Chilean retailer La Polar rejects supermarkets merger

The board of Chilean department-store chain La Polar has rejected a proposed merger with local supermarkets chain Supermercados del Sur, operated by Latin American private equity fund Southern Cross, La Polar told the local securities regulator, or the SVS, agency reports. More...

Pantaloon ends JV with Planet Retail, Blue Foods

Pantaloon Retail India Limited (PRIL) has decided to terminate its joint venture (JV) with Planet Retail Holdings. Meanwhile, the company has also terminated its JV with Blue Foods, which runs restaurant chains such as Bombay Blue, Noodle Bar and Copper Chimney, reports Financial Chronicle. More...

Mothercare, Shoppers Stop may part ways

Mothercare, the UK-based retailer for kids and mothers to be, may soon end its exclusive franchise agreement with Shoppers Stop to sell products in India. Meanwhile, the UK retailer is scouting for another local partner and is in talks with Trent, a Tata group company, for the same, reports Economic Times. More...

Wipro to take on Godrejís Ezee

Wipro Consumer Care and Lighting is intensifying its focus on the fast-moving consumer goods (FMCG) business in India. The company has entered the fabricwash category and in a bold move taken on delicate fabric-wash category market leader Godrej Consumer Products (GCPL). More...

Emami to raise funds through QIP

FMCG major Emami said it plans to raise funds by sale of its shares to institutional investors to fund its expansion plans and other business activities. More...

Bankers lose hope on Subhiksha debt rejig

Crisis-ridden Subhiksha Trading Services gets into more trouble as bankers lose hope in its corporate debt restructuring (CDR) process, reports Financial Chronicle. More...