SEPTEMBER 11, 2009
 

Gama Hospitality to open 35 restaurants in east India

Kolkata-based restaurant chain Gama Hospitality has signed a master franchisee agreement with Global Franchise Architects (GFA), a Switzerland-based builder, operator and franchisor of specialty food brands, to mark its foray in East India. Gama Hospitality will invest Rs 52 crore to set up 35 quick-service restaurants in east India over the next two years, reports Business Standard. More...

UK discount chain Matalan plans 15-20 stores in Middle East

British discount chain Matalan has announced plans to open between 15-20 stores across the Middle East, agency reports. More...

Scott Price appointed as Wal-Mart Asia's president, CEO

Wal-Mart Stores appointed Scott Price as executive vice-president, president and chief executive officer of Wal-Mart Asia with effect from October 15. More...

Global luxury sales down 10% in '09, claims analyst

The global luxury market has been badly wounded by the financial crisis and will not fully recover for at least another three years, an international conference on the sector heard in Brazil on Wednesday. More...

Esprit to open 25-30 stores in 3 yrs

Global lifestyle brand Esprit plans to open 25-30 stores in the next three years to strengthen its presence in the country. "All expansion plans are on track despite the slowdown. India is a major focus for us and we expect to have 25-30 more stores by March 2012," said Manjula Tiwari, chief operating officer, Esprit India. More...

Brand Factory eyes 20% sales growth this year

Bangalore-headquartered Brand Factory, the value fashion chain of Pantaloon Retail Ltd, aims to clock sales growth of about 20 per cent -- about Rs 300 crore -- in 2009-10 and plans to set up 35 stores by 2011, reports Business Line. More...

Foresight plans 25 outlets in three years

Foresight Opticals, the retail chain of optical stores from Foresight Vision Care Compnay Pvt Ltd, is planning to open 25 new stores in major cities across India in the next three years (by FY 2012-13), reports Business Standard. More...

Plaza Centers unveils mall model in Pune

Plaza Centers India, a developer of shopping and entertainment centers, has unveiled the scale model of its first mall, Koregaon Park Plaza in Pune. More...

Global retail majors trim India biz to save on costs

Wal-Mart has closed down its quality control department in India, as the largest retailer continues to downsize its outsourcing operations in the country in spite of early signs and rising expectations of a recovery from the world’s worst economic crisis after the Great Depression, reports Economic Times. More...