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 [...]

Reliance Industries Limited (RIL), the flagship company of Mukesh Ambani-led Reliance group, has identified retail as one of the five main areas of growth for future. Apart from retail, core areas of conventional energy and hydrocarbons as well as as rural transformation and innovations (like non-woven fibres for wallpaper and paper for currency), have also [...]

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 [...]

Vishal Retail, financially stressed Delhi-based multi-products retailer which for months has been forced to put expansion on hold, has bought peace with its institutional lenders by signing a deal to kickstart the process of restructuring debt.
The deal has been inked with lending banks like with SBI, HDFC and HSBC to whom the retailer owes major [...]

Vishal Retail, a listed leading retailer in the value segment, which has been reeling under severe cash crunch for long time, is planning to raise Rs 100 cr. (1 billion) via QIP route. The money so raised will be used to meet financial obligations and expand business.
The retailer is looking at expanding number of its [...]

Reeling under pressure of sharply declining operating margins and slow growth in sales, Mumbai-based, lifestyle, fashion retailer and mall developer Provogue, according to a BS report, has decided to recast its future business plans and strategies.
The company has registered a sharp decline of 500 basis points (bps) or 5 per cent in its operating margin [...]

Vishal Retail, Delhi-based retailer in the segment, which was once a darling of equity markets in India, is likely to soon go “Subhiksha” way by commencing the process of Corporate Debt Restructuring (CDR).
Delhi-based, R. C. Agarwal-led, value retailer, has for quite sometimes been finding it hard to meet the challenges of falling footfalls, which on [...]

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 operates several multi-format, multi-product retail chains across consumer segments, is looking at sports business segment as one of the potential categories that can help shape its ambitious future growth plans. The group, as may be recalled, has recently announced its goal of achieving Rs 250 billion (Rs 25,000 crore) in [...]

Subhiksha Trading Services Ltd.– an R Subramanian promoted, Chennai-based, grocery retailer, which for want of cash was forced to close pan-India operations of  its 1,600-odd stores discount retail chain this January, is trying its luck again to revive its operations by seeking a compromise with its creditors.
“Cash & Carry Trading (P) Ltd” –another company [...]