IndiaRetailBiz

The contours of financial package for stabilising operations of financially stressed value retailer Vishal Retail have begun emerging. The Delhi-based retailer owes around Rs 730 crore to a consortium of around 13 banks. Of these 13-odd banks, Vishal owes an amount of about Rs 170 crore, or nearly one fourth of the total, to State [...]

Shoppers Stop, leading lifestyle retailers of the country, is going to invest Rs 250 crore to expand its department store format, lifestyle, retail chain operating under the same brand name.
Founded in 19991 by K Raheja group, Shopper’s Stop, currently operates around 27 stores and occupies a total retail space of 1.88 million sq ft. It [...]

Bhartia’s owned “Jubilant FoodWorks Limited,” — the master franchisee of world renowned QSR (Quick Service Restaurants) pizza brand “Domino’s Pizza” in the South asia (except Pakistan)– according to media reports is looking at an IPO so as to enable one of its private equity (PE) investor JPMorgan Chase & Co, a JP Morgan Partners affiliate, [...]

Kishore Biyani-led Future Group, which through its retail arm Pantaloon Retail is currently the country’s largest retailer, is looking at raising resources through various options, to fuel its growth ambitions.
Pantaloon Retail, which operates several multi-format, multi-products retail chains across segments, is expecting to achieve annual revenues of more than Rs 10,000 crore (over $2 billion) [...]

Shoppers’ Stop, a leading multi-format, multi-products lifestyle retailer with several retail chains under its belt, according to vice chairman B.S. Nagesh, has put off its plans to raise funds through a Rights Issue as it does not require cash for the moment.
“As of now the Rights Issue we had planned is not happening. Whenever we [...]

Future group, the country’s largest multi-format, multi-segment, multi-products retailer, according to its Chief Executive Officer Kishore Biyani, is ready to more than double its business and retail carpet area in the next four years. Biyani was talking about his future plans with PTI.
The retail carpet area will go up from 12 million sq ft at [...]

Aditya Birla Retail Ltd, (ABRL) — a retail initiative of multi-faceted Kumar Mangalam Birla group– which closed 107 under or non-performing stores in the past few months, is back on expansion mode. ABRL is currently operating 642 supermarket stores and five hypermarket stores across 12 states occupying 1.9 million sq ft of retail space.
After setting [...]

Although, Ram Chandra Agrawal-led Vishal Retail, which went public in July 2007, could succeed in bringing down its quarterly losses from Rs 115 crore in Q4 2009 (ending March, 2009) to Rs 90 crore in Q1 2010 (ending June, 2009), it is continuing to struggle hard to come out of the financially difficult situation.
While, the [...]

Spencer’s Retail, a Sanjiv Goenka-led retail arm of RPG group, which once ran a multi-format retail chain of around 400 stores, has trimmed down its operations in the last one year to bring down the number of its stores to 264.
The business, which was badly affected due to decline in demand as a consequence of [...]

Pantaloon Retail, India’s largest multi-product, multi-format, multi-segment retailer, part of Kishore Biyani-led Future group, is looking at selling non-core assets to raise up to Rs 500 crore.
“We have various plans for the company. Offloading the non-core assets of Pantaloon to raise close to Rs 300-500 crore is one of them,” Future Group CEO Kishore Biyani [...]