seeking franchisees to expand pan-India footprint
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...
Lumpur Kepong unit to scale down US operations
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...
eyes further Gulf growth
goods manufacturer Montblanc has said it is planning
further retail expansion after opening a second boutique
in Saudi Arabia, agency reports. More...
Constantine takes over as Marks & Spencer international
& Spencer property director Clem Constantine has assumed
responsibility for the retailer’s international division,
agency reports. More...
Retail plans to invest Rs 350 crore to expand Big Bazaar
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...
to invest Rs 30 crore
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
plans to have 1,000 outlets in next two years
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...
to focus on interior Maharashtra
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...
chain looking for local vendors to source products
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...
to retail watches in India
mesmerising its consumers world over with its range
of crystals, Austrian company Swarovski is entering
the watch segment in India, reports Business Line. More...
to invest Rs 20 crore in Gujarat
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
Silks opens showroom in Kochi
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...
offers VRS to 300 employees
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...