plans 71 building solutions outlets across Maharashtra
Cement Ltd, which runs UltraTech Building Solutions
(UBS) outlets, has announced plans to launch 71 franchise
outlets in Maharashtra over next 12 to 18 months. Meanwhile,
the company, as part of its expansion plans, recently
launched five new outlets in Pune. More...
acquires $122 million debt of Golden Ace for retail
developer Emaar Properties has further consolidated
its position in the retail industry by acquiring $122
million (Dh448 million) in debt of Golden Ace after
its controlling shareholder, India's MGF Group, breached
loan covenants with Deutsche Bank, agency reports. More...
plans to acquire stake in Japan's Laox
electronics retailer Laox is in discussions with the
Chinese home appliances retailer Suning and plans to
sell parts of its stake to the latter, agency reports. More...
of Fraser denies sell-off plan to Debenhams
store chain House of Fraser has quashed rumours of a
deal to sell some of its stores to Debenhams. More...
England recasts operations
England Fashions & Retail (PEFR), the mid-priced apparel
division of Aditya Birla Nuvo, is reportedly re-strategising
its operations, as it hits the market with a value retail
format. The company has, on the one hand, broadened
the scope of its flagship brand Peter England within
the menswear segment and at the same time is de-linking
People -- the family apparel format -- from the mother
brand to stand as a more youth-oriented, streetwear
brand, reports Economic Times. More...
Damas eyes 100 stores in India
UAE-based jewellery retailer Damas will open 100 stores
in India during the next three years as part of a new
joint venture with the retailer Gitanjali Group. Tawhid
Abdullah, the managing director of Damas, said he expected
these future stores to represent about 20 per cent of
the retailer’s business. More...
Birla Retail to roll out 80 'more...' stores in FY10
by 110 per cent growth in fiscal 2009, Aditya Birla
Retail chain 'more...' plans to further roll out 80
stores this year, but may wind up 10-20 existing outlets
as part of a clean-up operation. "We want to take our
network of stores 720-730. So we will open 80 stores,
but its not actually 80 because we may close another
10-20," said Thomas Varghese, CEO, Aditya Birla Retail
Essentials plans to open 9 more stores
ayurveda brand Forest Essentials is reportedly planning
to add nine more exclusive stores this year to its already
existing seven outlets. Meanwhile, the company has not
been able to reach its target of having 40 stores by
end 2010 due to the economic slowdown. “Various malls,
where we planned to open, got delayed or shelved altogether,”
said Samarth Bedi, executive director, Forest Essentials. More...
Cane chain launched in Pune
P B Enterprises has announced the launch of its maiden
sugarcane juice bar of in Pune. Further, the company
plans to open at least another six in the city, replicating
the Cool Cane model that has been established and popularised
in its home town. More...
bazaars to sell essential items
the nodal agency to execute the market intervention
operations for the Kerala Government, has proposed to
open special bazaars at Thiruvananthapuram, Thrissur
and Kozhikode from Monday to distribute essential commodities. More...