handloom brand Cottage eyes China foray via franchise
popular Indian handloom and handicrafts brand, Cottage,
would be hitting the Chinese market soon via the franchise
route. Central Cottage Industries Corp of India (CCIC),
which showcases the best of handmade products, is planning
to open an outlet, possibly in the Chinese capital of
Tianjin Goubuli to open maiden outlet in Taiwan
time-honored steamed stuffed bun brand Goubuli has signed
a letter of intent with Taiwan Jianhua Group to jointly
open Goubuli's first restaurant in Taiwan's Taichung
city. The new restaurant is slated to open at the end
of 2009, agency reports. More...
Properties expects US$272 million from malls, retail
Properties PJSC, the Middle East’s biggest real-estate
developer, expects revenue from its malls and retail
business this year to double to as much as Dh1 billion
(US$272 million), boosted by new malls, agency reports. More...
considers two City stalwarts for chairman role
third largest grocer Sainsbury’s is considering two
City big-hitters to replace outgoing chairman Sir Philip
Hampton. Burberry chairman John Peace and Thomson Reuters
deputy chairman Niall FitzGerald are being considered
for the £396,000 a year position, agency reports. More...
to invest $875 million in France's Carrefour
Koor Industries Ltd said Monday it will invest a total
3.5 billion shekels ($875 million) in French retailer
Carrefour SA. More...
Retail earmarks Rs 350 crore to expand Big Bazaar footprint
Biyani-led Pantaloon Retail India (PRIL) has announced
plans to invest around Rs 350 crore over the next one
year to expand its hypermarket chain, Big Bazaar. The
company plans to set up 50 new Big Bazaar stores and
consolidate speciality formats under this brand in areas
like fashion, food and best price deals, reports Economic
Group may list VC arm
Group is considering an initial public offering (IPO)
for its venture capital arm, Future Venture India Ltd,
to raise funds for the group's expansion plans. “Some
decision in this regard is likely to be taken within
the next few weeks, following which the company would
file the prospectus with market regulator Sebi,” Future
Group CEO Kishore Biyani said in an interview to a television
to foray into apparel segment
Group, the jewellery manufacturer and retailer, is looking
at entering the apparel segment and touching 20 million
square feet of retail space from the present 0.5 million
square feet in the next three years, reports DNA. More...
goes for image-makeover; increases adspend to Rs 75
care services provider VLCC is undertaking a branding
exercise to position itself as a "holistic wellness
firm", taking its image beyond just slimming centres,
and has increased its advertising spend to Rs 75 crore
this fiscal for this purpose. The company, which spent
Rs 45 crore last year on marketing initiatives, has
raised its advertising budget by 40 per cent this fiscal
and has tied up with global advertising agency Ogilvy
& Mather (O&M) for the purpose. More...
Fitness turns focus towards small towns
the financial downturn affecting the institutional business
of fitness equipment, Chennai-based Acme Fitness is
locating better opportunity in retail, especially in
smaller towns. All the new retail stores Acme is launching
this year are coming up in smaller towns, reports Financial
to tap rural, semi-urban markets with Sonata
Industries (TIL) has announced plans to tap the rural
and semi-urban markets with its Sonata brand of watches.
"Nearly 80 per cent market is for watches below Rs 500
while the rest is for higher range including the luxury
segment. Sonata brand primarily operates in the price
range Rs 395 to Rs 1,300, which we think has the largest
potential," said Elangovan Mudaliyar, area sales manager
(Sonata), TIL. More...
Retail opens maiden 'Reliance Jewels' outlet in Gurgaon
Ambani-led Reliance Retail Ltd (RRL) has announced the
launch of its ‘Reliance Jewels’ store in Gurgaon. Spread
across 6,000 sq ft, this newly launched store is located
at Gold Souk mall in Gurgaon, Haryana. Meanwhile, this
is the first store of the chain in Delhi-NCR region
and twelfth store across India. More...
stores to come up in all Kerala panchayats
Kerala Government is set to open Maveli stores in grama
panchayats that do not have the facility at present,
according to the minister for food and civil supplies,
C Divakaran. More...
seek abolition of service tax in budget
companies in the organised sector want the government
to take a series of initiatives in the forthcoming budget
that would boost consumption, and have sought ‘industry
status’ as well as abolition of the service tax to beat
back the slowdown. More...