IndiaRetailBiz

“Subhiksha has access to capital and will continue to be on the fast-track of growth. It (transaction of acquire) will also enhance value for our stakeholders and help our objective of becoming a US$ five billion company by 2011,” R. Subramanian, Promoter & Managing Director, Subhiksha Trading, while explaining its proposed acquisition […]

“Inflation has made no impact on our growth plan. We are going to open 70 more stores by the end of the current year and will invest Rs 700 crore for the purpose.” Ram Chandra Agarwal, Chairman, Vishal Retail.
Undettered by high inflation, Vishal- the Delhi-based mega markets retail chain has drawn up plans […]

“As the disposable income with the Indian middle class is growing, we are planning to aggressively market our brands in smaller cities. We will set up 20 new outlets by 2009 in tier II and III cities.” — Sanjeev Mohanty, Managing Director, Benetton India.
Benetton, the Italian apparel chain, which owns the United Colors […]

“We are doing a legitimate business, and there are so many others doing the same business. So why should people try to stop Reliance alone from entering Bengal. I appreciate there’s some anxiety, but such things happen all over the world. We’ll have to address it.”
“We should be there, hopefully, in the […]

International retailers heve voted India as one of the most attractive and exciting retail destinations in the world.
By 2020, India will be become the country with most young people in the world. Add to this the advantages of rapid urbanization, growing number of double income families, increasing westernization of consumer behaviour, among others, and you have […]

“We are looking at families below the poverty line, where children are sixth or eighth standard dropouts and don’t get admission into a polytechnic or an ITI. We are now in the process of finalising a structured system of skill development in which they undergo training for two-three months.” — Rita […]

“We intend to be the best in the Rs 600-crore luxury watch segment with clear positioning in design, wear, comfort and standard.” — Peter Kaisit, Vice President (Sales).

Rado, one of the most copied swiss premium watch brand, is embarking on an aggressive expansion drive that will witness doubling of its exclusive stores in India […]

“Till the time business is restricted to manufacturing, the product is simply treated as a commodity. So, we decided to add some brand value and get into retailing of apparel also.” — Yash Birla, Group Chairman.

Birla Cotsyn, a textiles company of the Rs 2,300 crore Yash Birla group, is foraying into apparel […]

The organised retail has begun to flex its muscle, as never before!
This became evident when Anand Kripalu, Managing Director of Cadbury India, the Indian subsidiary of the global confectionery giant, decided to call on Kishore Biyani, Chief Executive Officer of Future Group, with his team of executives to sort out perceived differences between […]

“Religare wants to go a step beyond its competitors.”

Flush with cash after selling the entire promoters’ stake in Ranbaxy– the country’s largest pharmaceuticals company, the Singh family led by Malvinder Singh and Shivender Singh, is believed to be now focusing on accelerating the pace of growth of Religare Enterprises– the group’s integrated financial […]