JULY 31, 2009
 

JSW to invest Rs 2.6 crore to roll out 130 retail outlets

JSW Steel plans to invest Rs 2.6 crore this fiscal to set up 130 steel retail shops called JSW Steel Shoppe. Seshagiri Rao, joint managing director, said the company targets to achieve 15 per cent of its total sales from these exclusive shops being set up on a franchisee model. More...

US-based café franchise to expand in Middle East

The Cereal Bowl, the US-based café franchise, has signed a franchise agreement that will see the brand expand into Qatar and other regions of the Middle East. Global Brands, a Qatari-based company that has successfully franchised many brands in the region, has signed a deal with The Cereal Bowl to open outlets in the Middle East, agency reports. More...

Pottery Barn to enter Gulf market next year

US home furnishing brand Pottery Barn is to open four stores in Dubai and Kuwait next year after signing an agreement with regional retail giant MH Alshaya, agency reports. More...

Food majors join hands to expand in mainland China

Japanese fast food chain Yoshinoya Holdings has signed a cooperative memorandum with the Taiwanese food giant Ting Hsin International Group to set up a joint venture for expansion in the Chinese mainland, agency reports. More...

House of Fraser directors to join Crombie

House of Fraser directors June Lawlor and Colin Porter are to leave the department store to join menswear brand Crombie in September, agency reports. More...

Amway targets Rs 2,500 crore turnover by 2012

Amway, a direct-selling fast-moving consumer goods company is targeting a turnover of Rs 2,500 crore by 2012, reports Financial Chronicle. More...

Marks & Spencer Reliance India opens new store at DLF Place, New Delhi

Marks & Spencer Reliance India has announced the opening of its new store at DLF Place, Saket in New Delhi. Spread across 9,500 sq ft, the new Marks & Spencer store will offer an international shopping experience with its extensive range of apparel including womenswear, menswear, kidswear, lingerie and home products all offering great value, according to a company press release. More...

Fame Cinemas expects 15% growth for FY '10

Exhibiting a renewed confidence after the stand-off between multiplex owners and producers, Fame Cinemas is expecting a growth rate of around 10-15 per cent for the financial year ended 2009-10. Having launched a multiplex in Vadodara, its 24th across the country, the movie exhibition company is preparing to launch atleast five more properties by the fiscal end, reports Business Standard. More...

Nestle's Q1 net up by a third

On account of a positive influence of tax benefits and export incentives, Nestle, the fast-moving consumer goods (FMCG) major, registered a consolidated net profit increase of 34 per cent for the quarter ended June 30, at Rs 162 crore, compared with Rs 121 crore in the corresponding quarter of the previous financial year. More...

Subhiksha investigations likely to be over by October

The ongoing investigations into the account books of Chennai-based Subhiksha Trading Services may be completed in the next three months, reports Financial Chronicle. More...