July 06, 2009

Way2Wealth seeking franchisees to expand pan-India footprint

Way2Wealth Securities, a leading multi-locational investment-consulting firm, has chalked out an aggressive growth plan to expand its pan-India footprint. With over 125 investment outlets and 150 channel partners currently spread across 50 cities, the company is set to add another 200 franchisees by this fiscal end. More...

Kuala Lumpur Kepong unit to scale down US operations

Kuala Lumpur Kepong Bhd’s (KLK) unit Crabtree & Evelyn Ltd (C&E USA), which has filed a voluntary petition for relief under Chapter 11 of the US Bankruptcy Code, intends to close some non-performing stores in the United States, agency reports. More...

Montblanc eyes further Gulf growth

Luxury goods manufacturer Montblanc has said it is planning further retail expansion after opening a second boutique in Saudi Arabia, agency reports. More...

Clem Constantine takes over as Marks & Spencer international boss

Marks & Spencer property director Clem Constantine has assumed responsibility for the retailer’s international division, agency reports. More...

Pantaloon Retail plans to invest Rs 350 crore to expand Big Bazaar

Pantaloon Retail India (PRIL) is planning to invest close to Rs 350 crore over the next one year to expand its value hypermarket chain Big Bazaar. The group plans to set up 50 new Big Bazaar stores and aims at growing its retail space by 35 per cent, from 5 million sq ft right now. At present, PRIL commands 5 million sq ft of retail space for its Big Bazaar chain in India. More...

McDonald's to invest Rs 30 crore

McDonald’s, a food service retail chain, is planning to invest Rs 30 crore to open 10 restaurants in the southern states. At present, the chain operates 23 restaurants in the four states of Tamil Nadu, Andhra Pradesh, Kerala and Karantaka. More...

DHL plans to have 1,000 outlets in next two years

Logistic firm DHL is planning to have around 1,000 outlets in the country in next two years time, as part of its retail expansion move. "We are planning to have around 1,000 outlets in the next two years as there is a need to be present in lot new locations in the country," said Chandrashekhar Pitre, head of marketing, DHL Express - South Asia. More...

Turtle to focus on interior Maharashtra

Turtle Limited, a menswear accessories and apparels’ brand, has recently announced its expansion plans for the Pune region. The brand plans to open two new exclusive brand outlets in Pune by March 2010. Pune accounts for about 5 per cent of total Turtle sales. The company aims to increase this figure to 8 per cent by next year end. Further, it plans to open 14 new stores across the state of Maharashtra. More...

Croma chain looking for local vendors to source products

The number of in-house products retailed under the brand Croma, the multi-brand consumer durables and electronics chain of the Tata Group, is set to double in three months from around 50 now. Infiniti Retail Ltd, which owns the Croma retail chain, is also on the look out for local vendors to source products that are currently being imported through Woolworth Ltd based in Australia. More...

Swarovski to retail watches in India

After mesmerising its consumers world over with its range of crystals, Austrian company Swarovski is entering the watch segment in India, reports Business Line. More...

Cinemax to invest Rs 20 crore in Gujarat

With the producers-multiplex owners’ row over, Cinemax is set to revive its expansion plans in Gujarat. The multiplex chain, which recently launched its second property in Ahmedabad, will be investing around Rs 18-20 crore by the end of financial year 2009-10, reports Business Line. More...

Chennai Silks opens showroom in Kochi

The Chennai Silks (TCS), which claims to be one of the largest retail textile chains in India, has entered Kerala by opening its first showroom in Kochi on Monday. More...

Raymond offers VRS to 300 employees

Apparel major Raymond has offered a voluntary retirement scheme (VRS) to over 300 employees at its Thane manufacturing unit as part of a cost rationalisation exercise, reports Economic Times. More...

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DotUltraTech plans 71 building solutions outlets across Maharashtra- 22 June.09
DotBSNL mulls over franchise route to reduce costs- 20 June.09
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DotKarrox to make south India foray; seeking franchisees for expansion- 18 June.09
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DotNumero Uno to open 50 new outlets via franchising- 16 June.09
DotMaishaa mulls franchise model to expand pan-India footprint- 15 June.09
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DotPizza Corner to open 100 stores pan-India this year- 12 June.09
DotFood King exploring franchise route to set up shop abroad- 11 June.09
DotSLCL plans 1,500 franchise stores pan-India by 2011- 10 June.09
DotRasna To Open 30 New Devil's Workshop Outlets Via Franchising- 09 June.09
DotMadame eyes 200 outlets by 2012; seeking franchisees for expansion- 08 June.09
DotHard Rock Cafe Opens Maiden Franchise Outlet In New Delhi- 06 June.09
DotGlobal property consultant RE/MAX to expand network via franchising- 05 June.09
DotBird Academy to take franchise route to expand network- 04 June.09
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DotHealth Sanctuary plans 50 new franchise centres pan-India- 02 June.09
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