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The Essar Group, a $20-billion diversified conglomerate, is charting out a new retail blueprint for the entire group and expects 25 per cent growth annually in its newly-created retail company, Essar Retail. Essar Retail has a combined turnover of $1.5 billion (Rs 6,750 crore), over half of which is contributed by steel retail followed by [...]
Gitanjali Gems Ltd, the leading branded jewellery company in India has reported a 77.4 per cent increase in net profit at Rs. 354.8 crore for the year ended 31st March, 2011, as compared to Rs. 200 crore posted in the last fiscal year. Commenting on the company’s performance, Mehul Choksi, CMD, Gitanjali Gems Ltd, said, [...]
Written on June 25, 2011 | Posted in
Franchise,
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Retail |
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Multinational retailers such as Walmart, Carrefour and Tesco may soon be allowed to open stores in India subject to stringent investment norms, sourcing conditions, and cap on number of outlets in big cities. The Department of Industrial Policy and Promotion, or Dipp, is likely to move a proposal seeking cabinet approval for 51% foreign direct [...]
Bharti Walmart Private Limited, the joint venture between Bharti Enterprises and Walmart Stores Inc for wholesale, business-to-business, cash-and-carry and back-end supply chain management operations in India, today opened its first Best Price Modern Wholesale cash and-carry store in Chhattisgarh in Raipur. Mr. Raj Jain, Managing Director and CEO Bharti Walmart inaugurated the store. The Best [...]
Premium fashion brand Tommy Hilfiger has opened an ‘Accessory Store’ at Select City Walk, Delhi. This is the 8th outlet in the new chain introduced by Tommy Hilfiger. The 300 sq.ft showroom offers a wide range of Tommy Hilfiger eyewear, watches, pens, innerwear, footwear, wallets, belts, travel gear and fragrances, amongst others. At the launch, [...]
Written on June 25, 2011 | Posted in
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Blue Dart Express Ltd., South Asia’s premier courier, and integrated express package Distribution Company, inaugurated 4 new Blue Dart – DHL ONE RETAIL stores across Mumbai (Mahim, Bandra Kurla Complex, Goregaon) and Navi Mumbai (Airoli), thus taking the count to 419 ONE RETAIL stores across India. The ONE RETAIL initiative by Blue Dart and DHL [...]
Written on June 25, 2011 | Posted in
Franchise,
General,
Retail |
No comment
Unilever Plc, the world’s second largest consumer goods company, is setting up a venture capital (VC) fund to invest in India. “Having established the Unilever Corporate Ventures model in the developed world with investments in both venture capital and private equity, we are now leveraging the model into emerging markets commencing with India and China,” [...]
