July 14, 2009

KFC, Pizza Hut's parent co Yum under ED's lens

US-based Yum Restaurants, which owns the franchise of KFC and Pizza Hut in India, has come under the Enforcement Directorate's (ED) scrutiny for allegedly failing to bring in Rs 390 crore ($80 million) foreign investment in the country after getting the government approval, reports Business Standard. More...

Tesco to continue investing in Asia

Tesco plc, the international grocery and general merchandising retail chain, will continue to invest in Asia despite the global economic slowdown, agency reports. More...

Carrefour said to be buying Intermarche Spanish stores

After Intermarche decided to leave the Spanish grocery market, Carrefour is now hoping to takeover the outlets formerly used by the chain, agency reports. More...

Philips Q2 net plunges 94% at euro 45 million

Dutch electronics giant Philips has reported a 94 per cent drop in net income at euro 45 million for three months ended June, primarily on account of higher restructuring and acquisition related charges. More...

Imax focuses on Asia for expansion

Megascreen theatre company Imax is hoping Harry Potter's magic touch will help catapult the company itself into a global smash hit, agency reports. More...

Retail entertainment zones may be reality by 2011

Retail and entertainment zones (REZs) are going to be the next big thing in India’s retail sector as the country is expected to have its first such zone within two years, reports Financial Chronicle. More...

Luxor aims to increase store count to 100 by ’11

Writing instruments manufacturer Luxor is planning to put its expansion plans back on track. The company has not able to reach its turnover target of Rs 300 crore this year and hopes to achieve the figure by the end of March 2011. In addition, Luxor is also planning to ramp up its retail presence across India and increase its store count from 12 to 100 by the end of 2011, reports Financial Chronicle. More...

Artd'inox mulls hub-and-spoke stores for retail expansion

Artd’inox, the lifestyle products division of Jindal Steel, has plans to make available its products through a mix of large and small stores. Dubbed as the ‘hub-and-spoke’ model, a city will have a couple of large stores, the hub, which would showcase the entire range of artd’inox products, whereas the spokes -- smaller stores would have products as per the specific taste and preferences prevalent in a locality, reports Financial Chronicle. More...

Numero Uno to open three new stores in Orissa

Numero Uno, India’s leading jeanswear brand, has announced plans to open three more exclusive stores in Orissa by June next year. The new stores will come up in Cuttack, Rourkela and Sambalpur. More...

Pantaloon maintains same-store growth

Kishore Biyani’s Pantaloon Retail maintained its same-store sales in June, as revival in consumer demand helped the country’s largest retailer to post positive numbers. More...

Tatas likely to close Hyper Books chapter

Noel Tata is looking at the option of closing the Hyper Books discount stores that sell books and music. This will be part of a restructuring of the Tata group’s book and music retail business. In addition to this, Tata also plans to shut some non-profitable Landmark lifestyle retail stores which sell books, music and movies, reports Financial Chronicle. More...

Tanishq will rebrand its jewellery with logo

After elimination of the 2 per cent excise duty on branded articles of jewellery, Titan’s jewellery retail chain is re-entering the branded jewellery segment. The company will start the process of branding by putting its logo on its packaging through carry bags and boxes, reports Financial Chronicle. More...

Kerala Govt plans 5,000 Onam bazars

The Civil Supplies Department will open 5,000 bazars during Onam in Kerala, according to the minister for food and civil supplies, C Divakaran. More...

Future Group bets big on pvt labels

Future Brands, a subsidiary of the Kishore Biyani-promoted Future Group, will focus on the FMCG segment as part of a plan to increase the share of private labels in the company's retail formats, reports Business Standard. More...

Cinepolis India announces strategic tie-up with AIPL

Cinepolis India, a part of Mexico-based entertainment giant Cinépolis, has entered into a strategic tie-up with real estate major Advance India Projects Ltd (AIPL) to open its multiplex at Celebration Mall, one of AIPL construction to be operational in Amritsar. Meanwhile, Jones Lang LaSalle Meghraj (JLLM) will support Cinépolis in managing the fit-outs of the Amritsar project. In addition, JLLM is also helping Cinépolis to connect with quality shopping mall developers throughout the country, according to a company press release. More...

DotKFC, Pizza Hut's parent co Yum under ED's lens- 14 July.09
DotDixy Chicken debuts in India via franchising- 13 July.09
DotGrand Slam to set up 30 more franchise stores in tier II, III cities- 10 July.09
DotBest Western to unveil 15 new franchise properties in India- 09 July.09
DotAmara Raja Batteries to expand pan-India network via franchising- 08 July.09
DotH&R Johnson eyes Rs 3,000 crore turnover; seeks franchisees for expansion- 07 July.09
DotWay2Wealth seeking franchisees to expand pan-India footprint- 06 July.09
DotZedds mulls franchise route to expand footprint- 04 July.09
DotWadhawan Hospitality to bring Cinnabon brand to India- 03 July.09
DotCCD looks to expand global imprint- 02 July.09
DotYum Restaurants looks for 50% revenue from KFC- 01 July.09
DotMedPlus seeks franchisees to expand pan-India footprint- 30 June.09
DotItalian Coffee Brand Caffe Pascucci Forays Into India- 29 June.09
DotNilgiris to open 40-50 new stores via franchising - 27 June.09
DotKairali Group to expand overseas footprint via franchising- 26 June.09
DotZudaas France to take franchise route to expand India footprint- 25 June.09
DotIndus Fila enters domestic retail biz; seeks franchisees to expand footprint- 24 June.09
DotIndian handloom brand Cottage eyes China foray via franchise route- 23 June.09
DotUltraTech plans 71 building solutions outlets across Maharashtra- 22 June.09
DotBSNL mulls over franchise route to reduce costs- 20 June.09
DotBSNL mulls over franchise route to reduce costs- 19 June.09
DotKarrox to make south India foray; seeking franchisees for expansion- 18 June.09
DotTata's Trent, UK's Arcadia may sign franchise pact- 17 June.09
DotNumero Uno to open 50 new outlets via franchising- 16 June.09
DotMaishaa mulls franchise model to expand pan-India footprint- 15 June.09
DotAfter DLF, Rahejas want to surrender SEZ- 13 June.09
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
DotHair Designer Jawed Habib Mulls Franchise Route To Open 100 Salons- 03 June.09
DotHealth Sanctuary plans 50 new franchise centres pan-India- 02 June.09
DotS K Educations eyes 150 new playschools via franchising- 01 June.09