eyes 200 outlets by 2012; seeking franchisees for expansion
the New Delhi-based leading women’s western wear brand,
has announced plans to open 100 exclusive brand outlets
(EBOs) by the end of 2010. In addition to this, the
company has set an ambitious target to make 200 Madame
EBOs operational across the country by 2012, which will
be a mix of company-owned and franchised stores. Meanwhile,
the company has recently opened a new store at Sahara
Mall, Hazrat Ganj in Lucknow. More...
firm to open Hamleys toy store in Mosco
Russian company said on Friday that it would open a
branch of British toy chain Hamleys in Moscow in the
autumn. F D LAB Group has signed a franchise agreement
to develop the Hamleys chain in Russia, Alexander Lopatin,
the company’s president said on the sidelines of a fashion
retail forum. More...
New Look gains market share at home, heads east
clothing retailer New Look is taking market share from
rivals Marks & Spencer Group Plc and Next Plc as cash-strapped
shoppers flock to its cheaper, fast-changing fashions.
Meanwhile, the privately-owned group said it was on
the verge of signing deals to expand in eastern Europe
and hoped to enter China and India in coming years,
agency reports. More...
Swiss watch brand eyes Middle East expansion
the prestigious brand of luxury Swiss watches famous
for their combination of aesthetics and functionality,
is looking to expand its business in the Middle East
Fahim Holdings to open new shops, close others
Fahim Holdings, which employs 4,000 staff across its
retail outlets in the Middle East, has announced changes
to its portfolio of stores in UAE and Bahrain. While
16 new stores totalling 305,273 sq ft will open, seven
underperforming shops are being closed and one is being
renovated, the company said. More...
sees no Future with Italian Replay, to end licensing
largest retailer Future Group is likely to end its licensing
agreement with Italian fashion brand Replay and, in
a separate move, scrap standalone retail outlets of
Lee Cooper and books chain Depot moving them as shop-in-shop
inside its large format stores such as Big Bazaar, Central
and Pantaloon, reports Economic Times. More...
gets FIPB nod to go it alone in food, biscuits segment
the heels of resolving its two-year dispute with the
Wadia Group over control of Britannia, Groupe Danone
SA has received Government’s permission for a solo entry
into food, beverage, biscuits, cereal, dairy and baby
food product segment in India, reports Business Line. More...
single brand retail among 23 FDI plans cleared
LLC’s plans to establish a joint venture company with
Gitanjali Lifestyle Ltd for retail trading of jewellery
and related accessories is among 23 FDI (foreign direct
investment) proposals worth Rs 564 crore cleared by
the Government, reports Business Line. More...
looks at double digit growth despite downturn
the largest branded jewellery retail chain, is looking
at maintaining a double digit growth this fiscal riding
on the back of high demand and greater contribution
from the diamond segment. More...
shuts down loss-making Belgium, US units
Ltd has closed down two overseas units of its denim
joint venture and said that it has provided for diminution
of Rs 230.13 crore in the value of its investments in
the joint venture, as an exceptional item for 2008-09.
The company’s joint venture – Raymond UCO Denim Pvt
Ltd – with UCO NV of Belgium, shut down its heavily
loss-making subsidiaries in Belgium and the US in December,
reports Business Line. More...
Consumer Care ups focus on furniture biz
Furniture Business, a part of Wipro Consumer Care and
Lighting Group, is increasing its focus to address the
high-end imported furniture market in India. This division,
a part of the diversified $5 billion IT services exporter
Wipro Limited, is lining up a series of initiatives
to address this market by launching designer office
group inaugurates second hyper market in Jalandhar
chain Vishal group has announced plans to open 50 stores
across the country in the current financial year. Meanwhile,
it opened its second hyper market in Jalandhar, Punjab. More...