U Restaurant and Bar in Mumbai soon
United Food and Beverage Asia (MUFB Asia) has decided
to test the popularity of Old Trafford in India by opening
Manchester United Restaurant and Bar in India. MUFB
Asia -- which has exclusive rights from MUFC to own,
operate, franchise and develop a chain of Man U restaurants
and bars in the Asia Pacific region -- plans to open
its first flagship outlet in Mumbai. Further, the Singapore-based
company plans to open around 10 outlets over a period
of two-three years in India. More...
21 launches master franchise in Thailand
21 Real Estate LLC, the franchisor of one of the world’s
largest residential real estate sales organisations,
recently announced that it is continuing to expand in
Asia Pacific with the signing of a master franchise
agreement to open Century 21 franchises in Thailand,
agency reports. More...
says 1Q revenue down 4%
luxury goods company Burberry Group PLC said Wednesday
that total revenue fell 4 percent in the three months
to June 30, dragged down by a slump in wholesale revenues,
agency reports. More...
to close 200 stores in China
sports brand Mizuno has announced that it will close
200 unprofitable stores in China, agency reports. More...
& Johnson Q2 profit dips to $3.2 billion
healthcare products maker Johnson & Johnson reported
a 3.6 per cent drop in profit at $3.20 billion for the
three months ended June, mainly on account of overall
fall in sales. More...
turns Aadhaar into rural shopping mall
consumers in big cities are spoilt for choice when it
comes to shopping malls, towns in the hinterland are
still waiting for the retail revolution to unfold. Envisaging
the immense business potential in such smaller towns,
Kishore Biyani's Future Group is looking at repositioning
its Aadhaar outlets, which it bought from Godrej last
year, to offer a wholesome shopping mall experience,
reports DNA. More...
Mart to launch eight new stores
Delhi-based retail chain V Mart is treading cautiously
on its expansion plans. The company plans to open eight
new stores by the end of this financial year in tier-II
and tier-III cities.The cities include Ujjain, Aligarh,
Ballia, Chhapra, Arah and Patna, among others, reports
Financial Chronicle. More...
to open six more large format stores
and music retail chain, Landmark has announced plans
to set up six more large format stores during the year
with investment of about Rs 30 crore. A subsidiary of
Trent and part of the diversified Tata Group, Landmark
has tied-up with Disney to set up an experience zone
for kids and will host first HP Photo Land in this part
of the country. More...
major Rajesh Exports consolidates retail brands
the backdrop of a slump in retail, one of the country’s
largest jewellery manufacturers and exporters Rajesh
Exports is consolidating its retail brands into a single
entity, reports Business Line. More...
may see 40% income erosion for Q1
multiplex chains like PVR, Inox, Cinemax, Fame, Fun
and Adlabs are expected to post a combined net loss
of Rs 30-35 crore for the first quarter of 2009-10,
due to the two-month long deadlock between Bollywood
producers and film exhibitors in April and May, reports
Business Standard. More...
asks HCL to submit papers on Subhiksha dues
High Court has asked HCL Infosystems to produce the
original of the document detailing the outstanding dues
payable to it by crisis-ridden retail chain Subhiksha. More...