June 23, 2009

Indian handloom brand Cottage eyes China foray via franchise route

Internationally 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 Beijing. More...

China-based Tianjin Goubuli to open maiden outlet in Taiwan

Chinese 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...

Emaar Properties expects US$272 million from malls, retail ops

Emaar 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...

Sainsbury's considers two City stalwarts for chairman role

Britain’s 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...

Koor to invest $875 million in France's Carrefour

Israel-based Koor Industries Ltd said Monday it will invest a total 3.5 billion shekels ($875 million) in French retailer Carrefour SA. More...

Pantaloon Retail earmarks Rs 350 crore to expand Big Bazaar footprint

Kishore 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 Times. More...

Future Group may list VC arm

Future 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 channel. More...

Gitanjali to foray into apparel segment

Gitanjali 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...

VLCC goes for image-makeover; increases adspend to Rs 75 crore

Beauty 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...

Acme Fitness turns focus towards small towns

With 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 Chronicle. More...

Titan to tap rural, semi-urban markets with Sonata

Titan 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...

Reliance Retail opens maiden 'Reliance Jewels' outlet in Gurgaon

Mukesh 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...

Maveli stores to come up in all Kerala panchayats

The 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...

Retailers seek abolition of service tax in budget

Retail 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...

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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