Hospitality to bring Cinnabon brand to India
Hospitality, the food and beverages arm of Wadhawan
Enterprises, has entered into a tie-up with US-based
Focus Brands to open Cinnabon bakeries in India. The
company has acquired the master franchisee rights to
open both owned and sub-franchised Cinnabon Bakeries,
reports Business Line More...
X5 Retail Group completes buy-out of franchisee
X5 Retail Group has completed its buy-out of the company
that operates the Pyaterochka chain in the cities of
Yekaterinburg and Chelyabinsk in Russia. The group has
acquired the 25 per cent stake in the venture it did
not already own, giving it full control of the chain. More...
set to open second outlet in Beijing
Sweden-headquartered furniture retailer Ikea has confirmed
that it will open its second outlet in Beijing in Xihongmen,
Daxing district, agency reports. More...
Boss CEO sees first signs of recovery
fashion house Hugo Boss sees the first signs of a recovery
but expects difficult market conditions to persist through
the first half of next year, agency reports. More...
arm mulls mall development company
Capital Holdings (FCH), the asset management and consumer
credit business arm of Kishore Biyani-controlled Future
Group, is setting up a mall development company to manage,
develop and own retail properties in the country, reports
Economic Times. More...
Gems acquires 70% stake in MobileNXT
makers Gitanjali Gems has acquired a 70 per cent stake
in mobile retail chain MobileNXT Teleservices Pvt Ltd.
The Bangalore-based firm will now be branded as 'Hoop'
and will sell items like fashion jewellery, watches,
eyewear, etc. besides mobile phones. MobileNXT has raised
funding from TV18, Avendus and some angel investors. More...
Kumars to raise Rs 1,000 crore via QIP route
firm S Kumars Nationwide (SKNL) plans to raise Rs 1,000
crore through issue of shares on qualified institutional
placement (QIP) basis to fund its expansion plans. The
company’s board has approved raising an amount not exceeding
Rs 1,000 crore through the issue of shares, SKNL said
in a filing to the Bombay Stock Exchange. The company
would seek shareholders nod for the proposal. More...
brand Zedds plans more stores
the domestic fashion footwear brand, opened its second
fully owned outlet in Hyderabad and has announced plans
to set up 15 stores within two years. The director of
Zedds, Rajesh Rawtani, said the company is now in talks
with retail chains and large format stores to step up
its presence. More...
mops up Rs 310 crore via QIP
the Kolkata-based leading FMCG major, has raised Rs
310 crore through the QIP route for paying of its debts,
developing and rolling out new products and funding
other expansion plans. This came on the heels of the
FMCG business of Zandu Pharmaceuticals being demerged
into Emami on June 19, reports Financial Chronicle. More...
ready for African foray
and electronic equipment manufacturer V-Guard is foraying
into the overseas market in September by exporting voltage
stabilisers to African countries. Apart from stabilisers,
the company is also looking at shipping cables and solar
water heaters to that region this year, reports Financial
appliances register 27% growth in Kerala
Appliances Division of Godrej & Boyce Manufacturing
Company Ltd has witnessed a steady growth in Kerala
by registering 27 per cent growth during the first quarter
of the current financial year, Ramesh Chembath, general
manager (marketing), has said. More...
eyes 20% growth in East
the Rs 3,000 crore market leader in watches, is eyeing
a 20 per cent growth in the eastern region this year,
on the back of new launches supported by innovative
eyes ‘daily use’ products
the lifestyle and retail arm of Jindal Group, wants
to shake off its image as a mere ‘gifting’ product and
aims to become a ‘daily use’ product. “We are driving
to make the product popular for daily use and increased
our range and widened our price points,” said Veer Kaul,
COO, Jindal Group. More...
rejigs logo, starts new tag line
Industries has created a new identity. As part of the
overall re-branding exercise, the consumer durables
company released a new logo and a tag line in San Francisco. More...
ad for Dairy Milk chocolate
on from the ‘downsizing’ and ‘salary cuts,’ the latest
campaign from Cadbury Dairy Milk -- Aaj pehli tareek
hai -- celebrates payday, reports Financial Chronicle. More...
pitches for FDI in multi-format retail
Economic Survey has made a hard pitch for opening-up
of FDI in a host of sectors, including the controversial
multi-format retail. More...
cases adjourned again
chain Subhiksha on Thursday sought more time from Madras
High court to respond to the petition filed against
its merger with little-known MSE-listed NBFC Blue Green
Constructions and investments. Justice P Jyothimani
adjourned the hearing on the case to August 3. More...