Spa eyes 50 franchise outlets by FY '10
set up its 18th store through its recent tie-up with
Ahmedabad-based Cama Motors, Carz Spa, a division of
Surat-based Fortune Multiple Services Pvt Ltd, plans
to expand its retail network by taking the total number
of outlets to 50 by the end of this fiscal. The company,
which has adopted franchise model for expansion, requires
its franchisees to invest roughly Rs 10-12 lakh per
outlet, according to its top official. More...
Donuts plans a dozen stores in Dayton, US
Donuts has announced the signing of a multi-unit developing
agreement with Giant Oil Inc to open 12 restaurants
in Dayton, the first in 2011 and the rest within the
next five years, agency reports. More...
Hilton eyes UAE retail, hotel opportunities
heiress Paris Hilton said she wanted to expand her business
empire in the UAE - and admitted she would look at properties
in Dubai, agency reports. More...
struck on 210 Birthdays stores but 800 jobs to go’
administrator Zolfo Cooper has accepted two offers for
a total of 210 stores. The deals safeguard 1,350 jobs
but 800 will go as the remaining 132 shops will shut,
agency reports. More...
czar Biyani readies succession plan
Biyani’s Future Group has decided to lay out a detailed
succession plan for the business. This comes in the
wake of the recent entry of the younger Biyani family
members into the day-to-day operations of the business,
reports Economic Times. More...
Retail eyes 100 Croma stores by 2011
Retail, a wholly-owned subsidiary of Tata Sons, has
announced plans to make 100 stores operational across
the country in the next three years as it eyes deeper
penetration into tier II and III cities. With immediate
plans to have around 22 stores this fiscal, the company
will pump in over Rs 50 crore for the purpose. Meanwhile,
it currently operates around 32 Croma stores in New
Delhi, Mumbai, Bangalore, Pune and Hyderabad among others. More...
group to add 15 million sq ft retail place by 2014
group will add 15 million square feet of retail space
by 2014 at an investment of around Rs 4,000 crore. The
expansion would entail in all its retail formats like
Pantaloons, Big Bazaar, Food Bazaar and Home Town, said
Kishore Biyani, chairman, Future Group. More...
Retail plans to ramp up jewellery subsidiary
at becoming a leading player in the estimated Rs 4,000
crore Indian branded gems and jewellery market, Reliance
Jewels has announced plans to ramp up presence with
20-25 new stores during this fiscal. Meanwhile, the
company, a jewellery retail format of Reliance Retail,
is keen to tap the markets in both major metros and
smaller tier II cities and has lined up a portfolio
of over 20,000 designs in gold, diamond and bridal ranges. More...
Retail plans to add 12 retail outlets in FY'10
Retail, owned by the Landmark Group, has announced plans
to expand its outlets from 18 to 30 by the end of FY'10.
Meanwhile, along with the major cities, the company
is also looking at tier II and III cities for growth. More...
CapitaLand unveil Forum Value Mall in Bangalore
developer Prestige Group and CapitaLand Retail Ltd,
a wholly-owned subsidiary of the Singapore-based CapitalLand,
one of Asia’s leading real estate company, have announced
the launch of their maiden joint project -- Forum Value
Mall Whitefield -- in Bangalore. Spread across 3 lakh
sq ft, the newly launched mall is believed to be India’s
first mall that houses a number of major brands in factory
outlet format. More...
merges Zandu Pharma's FMCG business
Emami Ltd, which acquired Zandu Pharmaceuticals in October
2008 for Rs 750 crore, has decided to merge the fast
moving consumer goods (FMCG) business of Zandu Pharmaceuticals
with its counterpart in Emami. More...
Sports opens 5th store in Mumbai
Sports, a leading multi-brand sports and lifestyle specialty
retail chain, has announced the opening of its fifth
store at R City Mall in Mumbai. Adding to its 60 plus
stores in 40 cities, the new 2,000 sq ft store offers
a wide array of sports apparel, footwear and equipment,
according to a company press release. More...
eyes 5% share in fruit drink market
major Dabur, which recently launched it fruit drink
'Real Burrst', is eyeing a 5 per cent market share in
this segment in the next three years. "Our plan is to
consolidate our position in the fruit juice market besides
expanding into fruit drink segment, which we have just
entered into (with) Real Burrst," said K K Chutani,
marketing head (foods division), Dabur. More...