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Entries from December 2008

Bharti Retail to foray into NCR; plans 30 stores in 2009

December 31st, 2008 · 7 Comments

Bharti Retail, the retail venture of telecom behemoth Bharti Enterprises, after setting up 20 retail stores in the Northern states of Punjab and Haryana, is soon foraying into the metro market of Delhi.
Bharti, according to a Mint report, is expected to set up a total of 30 stores in the National Capital Region (NCR) in the next one year. [...]

Tags: Bharti (Bharti Retail/ Bharti-Wal-Mart) · Convenience Store · Daily Needs · FMCG · Food and Grocery · Hypermarket/ Supercentre · Indian Owned · Multi-product Categories · New Ventures/ New Launch/ Expansion/ Investment · Supermarkets/ Megastores

Vishal’s equity displays erratic behaviour amid rumours of strategic stake sale

December 31st, 2008 · No Comments

Vishal Retail, the discount retailer which until recently was darling of the equity investors, is facing difficult times amid rumours of strategic alliance with a business house with interests in retail. While, big ticket retailers like the Aditya Birla Group, Videocon Group and the Future Group are reported to have been approached, Reliance group is said [...]

Tags: Capital/ PE/ IPO · New Ventures/ New Launch/ Expansion/ Investment · Retail Trends · Vishal (Agarwals)

We regret, but we are back!

December 30th, 2008 · 4 Comments

At the outset, we regret for having been forced to remain out of circulation since 17th December, 2008.
Forced, because our web host who had decided to migrate to a new web server, due to some technical glitch, we now understand, had forgotten to migrate a part of our database to the new server.
After several to [...]

Tags: Announcements/ Greetings

“Everything will be on track by January,” asserts Subhiksha

December 16th, 2008 · No Comments

Subhiksha– India’s largest food and grocery discount chain– according to a media statement reported by Moneycontrol, while confirming relocation of 5 to 10 per cent of its stores, has strongly denied any pay cuts for its employees.

“No pay cuts have been effected at all in Subhiksha. We are not proposing any pay cuts either.” The company has further stated, [...]

Tags: Convenience Store · Downsizing/ Closure · Economic Slowdown · Economy · FMCG · Food and Grocery · Indian Owned · New Ventures/ New Launch/ Expansion/ Investment · Subhiksha (Subramanian )

Luxury beauty brand ‘Lancôme’ unveils 10th Indian counter; plans to put focus on metro markets in 2009

December 16th, 2008 · No Comments

Lancôme, over 70 years old French luxury beauty brand, known for a range of perfumes, cosmetics, make up, skin care, and menz products, among others, after setting up nine counters at New Delhi, Mumbai and Pune, has opened its 10th counter at Bangalore.
Lancôme, the world famous beauty and skincare brand owned by L’Oreal, according [...]

Tags: Health, Beauty, Wellness · Luxury Store · MNC/ Foreign Owned · New Ventures/ New Launch/ Expansion/ Investment · SBO (Single Brand Outlets) · Shop-in-Shop (SIS)

US-based Snowberry to foray into India; plans to set up 1,000 outlets in 2 years

December 15th, 2008 · No Comments

Snowberry USA Inc, leading US-based ice cream maker and  Delhi-based realty finance company Soni Buildcom have joined hands to set up 1,000 kiosks (100 sq ft) and parlours (1,000 sq ft) of Snowberry ice creams across India.
Snowberry is the second largest maker yogurt based ice creams in the US with last year’s sales amounting [...]

Tags: Capital/ PE/ IPO · International · JV/ Franchisee · New Ventures/ New Launch/ Expansion/ Investment · Restaurants

Indiabulls defaults on payments to suppliers and service providers

December 15th, 2008 · 5 Comments

Indiabulls Retail, part of Indiabulls group, which operates across infrastructure, real estate, financial services, and power sectors of India, is believed to have been defaulting on outstanding payments to a number of suppliers and service providers.
Indiabulls Retail, it may be recalled, had come in existence after Indiabulls Financial Services had decided to [...]

Tags: Cash & Carry / B2B/ Wholesale · Daily Needs · Discount Store · Downsizing/ Closure · Economic Slowdown · Indian Owned · Legal · Lifestyle Segment · Mergers, Acquisitions, Dilutions · Supermarkets/ Megastores

Raymond to continue with aggressive expansion; planning to add 50 stores before this fiscal-end

December 14th, 2008 · No Comments

Raymond, the contry’s leading textile fabrics and apparel brand, has decided to continue with its aggressive expansionstrategy. Raymond is looking at adding 50 new stores during the current financial year ending 31st March, 2008.
Singhanias-led Raymond is already operating 390 stores across the country. While, majority of these stores (330) are owned and operated by [...]

Tags: Accessories · Apparel · Economic Slowdown · Fabrics · Indian Owned · New Ventures/ New Launch/ Expansion/ Investment · Specialty/ Concept stores

Bata India plans to open 60 to 80 stores every year for 3 years

December 13th, 2008 · 1 Comment

Bata India, the country’s leading shoe brand, will continue to open 60 to 80 stores every year over the next three years, as a part of expansion drive. Each store, depending on the location and size will entail an investment of between Rs one and two crore. The retail expansion will be funded [...]

Tags: Brands/ Strategy · Capital/ PE/ IPO · Leather/ Footwear · New Ventures/ New Launch/ Expansion/ Investment · Specialty/ Concept stores

3i takes infotech to rural customers; plans 12,500 ‘I-Serv’ stores within a year

December 12th, 2008 · No Comments

3i Infotech, the information technology arm of the country’s largest private sector bank ICICI Limited, has decided to extend the benefits and reach of infotech to rural areas across the country. It has decided to open 12,500 stores in small towns and rural areas under the brand name of ‘I-SERV.’ These stores [...]

Tags: Capital/ PE/ IPO · Consumer Services · Financial Services · Indian Owned · New Ventures/ New Launch/ Expansion/ Investment · Rural Retailing · Social Responsibility

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