July 24, 2009

Vishal Retail to shut 10 loss-making company-owned stores

Faced with Rs 115 crore loss, Vishal Retail will shut down as many as 10 of its outlets across the country over the next few months to reduce cost. Further, the company is also in the process of re-negotiating part of its Rs 740-crore debt. At present, the New Delhi-based retailer has 170 large-format stores across the country, including 20 franchise-operated stores. More...

Kingfisher eyes franchise model to chart new territory

UK-based Kingfisher, which owns ther B&Q chain, is mulling an unprecedented move into franchising as it seeks to expand into new international markets, agency reports. More...

Jollibee aims to expand in China

Jollibee Foods Corp, a fast food restaurant chain that outsells McDonald’s Corp in the Philippines, plans to expand in China, counting on the world’s most populous nation to meet a goal of making half of its sales abroad, agency reports. More...

Bharti Retail plans more stores in smaller cities

Bharti Retail is planning to open around 75 to 100 stores across 25 cities of north India by the end of this financial year, reports Financial Chronicle. More...

DoP to launch Retail Post in 5,000 post offices

The Department of Posts (DoP) would provide bill payment, travel and forex solutions, sell gold coins and stationery through its new service wing Retail Post. More...

Canon India to launch 100 products, invest Rs 200 crore

Canon India, maker of digital imaging equipment, has announced plans to invest up to Rs 200 crore this year to launch over a hundred new products and increase customer reach through promotions. "We have a capex plan of Rs 100-crore for our Indian operations this (calendar) year, which includes launching over a hundred new products. It is a cash-based investment," said Kensaku Konishi, president and CEO, Canon India. More...

Bata India Q2 revenue up 8%

Bata India posted an 8 per cent revenue growth in the second quarter to June 30 at Rs 308.63 crore as against a revenue of Rs 285.78 crore in the same period last year. PBT grew 26 per cent at Rs 27.18 crore as against a PBT of Rs 2,158.1 lakh in the same period last year. More...

ITC reports 17.4% rise in net profit

On the back of higher profitability in the agri business and foods division, ITC Ltd posted a rise of 17.37 per cent in its consolidated profit after tax (PAT) for the quarter ended June 30 to Rs 878.70 crore, up from Rs 748.67 crore in the corresponding quarter of last financial year. More...

Turtle sets up new trouser unit in Kolkata

Turtle, a menswear apparel brand, has put up a new 4,000 sq ft trouser making unit at Howrah near Kolkata to tap the top-end of the mass market or bottom of the premium market. More...

Nielsen to discuss new retail data revamp with FMCG council

Due to the growing concern of leading fast moving consumer goods (FMCG) companies like Hindustan Unilever, Godrej, Dabur and Procter & Gamble on the discrepancies in its retail audit data, Nielsen, the consumer goods research company, is planning to widen the base of its service. More...

Keki Dadiseth is new chairman of Sony India

Sony Corp announced the appointment of Keki B Dadiseth, former director of Unilever in London and ex-chairman of Hindustan Lever in India, as chairman of the Board of Sony India and senior advisor to Sony Group in India, effective immediately. Dadiseth will report to Sir Howard Stringer, chairman, CEO and president, Sony Corp and be based in Mumbai. More...

DotEssar Steel Seeks Franchisees To Expand Retail Footprint- 23 July.09
DotSiyaram To Set Up 200 Stores In India, West Asia In Three Years- 22 July.09
DotWelspun Retail Plans 400-500 Stores By 2013; Seeks Franchisees For Expansion- 21 July.09
DotPavers England Takes Franchise Route To Launch Maiden Outlet- 20 July.09
DotGFA Plans To Open 40 New Outlets By March 2010- 18 July.09
DotVeta targets 100 franchise centres in Sri Lanka- 17 July.09
DotKaati Zone seeks franchisees for retail expansion- 16 July.09
DotMan U Restaurant and Bar in Mumbai soon- 15 July.09
DotKFC, Pizza Hut's parent co Yum under ED's lens- 14 July.09
DotDixy Chicken debuts in India via franchising- 13 July.09
DotGrand Slam to set up 30 more franchise stores in tier II, III cities- 10 July.09
DotBest Western to unveil 15 new franchise properties in India- 09 July.09
DotAmara Raja Batteries to expand pan-India network via franchising- 08 July.09
DotH&R Johnson eyes Rs 3,000 crore turnover; seeks franchisees for expansion- 07 July.09
DotWay2Wealth seeking franchisees to expand pan-India footprint- 06 July.09
DotZedds mulls franchise route to expand footprint- 04 July.09
DotWadhawan Hospitality to bring Cinnabon brand to India- 03 July.09
DotCCD looks to expand global imprint- 02 July.09
DotYum Restaurants looks for 50% revenue from KFC- 01 July.09
DotMedPlus seeks franchisees to expand pan-India footprint- 30 June.09
DotItalian Coffee Brand Caffe Pascucci Forays Into India- 29 June.09
DotNilgiris to open 40-50 new stores via franchising - 27 June.09
DotKairali Group to expand overseas footprint via franchising- 26 June.09
DotZudaas France to take franchise route to expand India footprint- 25 June.09
DotIndus Fila enters domestic retail biz; seeks franchisees to expand footprint- 24 June.09
DotIndian handloom brand Cottage eyes China foray via franchise route- 23 June.09
DotUltraTech plans 71 building solutions outlets across Maharashtra- 22 June.09
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