All India articles – Page 7
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News
Metro Cash & Carry to invest in India
Metro Cash & Carry is to invest more than €100m (£84m) to strengthen its presence in India.At present, Metro operates nine stores at six locations in India –Bangalore, Hyderabad, Kolkata, Mumbai, Jalandhar and Ludhiana – and aims to increase the store number to 50 shortly. The retailer has so far ...
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Amazon considering entering India
Amazon may enter India via the launch of its market place platform in a bid to overcome foreign direct investment restrictions on multi-brand retail, it has been reported. Industry sources said the etail giant had already struck deals with other online retailers in preparation for the launch, which would initially ...
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Abercrombie & Fitch considers India expansion
Abercrombie & Fitch staff have visited India as it considers setting up shop in the country. An Abercrombie & Fitch spokesperson said: “We are constantly evaluating new opportunities for our brands, including new countries, for expansion.”Gap is also said to have stepped interest into the market after the government allowed ...
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NewsIndian government approves single-brand FDI change
The Indian government has approved proposals to allow 100% Foreign Direct Investment (FDI) in single-brand retail.
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AnalysisWhich are the most exciting emerging markets?
So where will you head off to in 2012? To help plan your international forays this year, Rebecca Thomson considers some of the most exciting emerging international retail markets in the most unlikely of places.
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NewsIndian retail investment talks suspended
The Indian government has suspended talks to allow foreign investment from the world’s largest retailers with no clear timeframe in place to re-start discussions.
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NewsIndian foreign investment proposals put on hold
Plans to allow foreign investment from global retailers including Tesco, Carrefour and Walmart in India are on ice as the government looks to find a “consensus”.
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AnalysisIndia’s historic reforms will draw international players
The Indian cabinet has passed the bill on foreign direct investment (FDI) and agreed to allow 51% holdings in multi-brand and 100% in single-brand retail, making it one of the biggest economic reforms in the country’s history.
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NewsIndian cabinet approves foreign investment in retail
The Indian government has cleared the way to allow multinational retailers including Tesco, Carrefour and Walmart to enter its retail market.
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News
Pantaloon posts financial results for first quarter
Future Group-owned clothing retailer Pantaloon has posted financial results for its first quarter ended September 2011.The company’s consolidated net sales were INR3,180.26 crore (£422.1m) compared with INR2,750.76 crore (£372.3m) in the comparable period last year, an increase of 15.61%.Consolidated net profit plummeted 36.33% to INR15.05 crore (£1.9m) in comparison with ...
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News
Aditya Birla Retail to expand presence in rural markets
Aditya Birla Retail has announced that it will focus on expanding its presence in rural markets, according to its vice- president Sumit Chandna.Over 30% of the retailer’s supermarkets are in smaller towns where disposable income is high, hence future expansion will be centred on these locations, he noted.
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News
Reliance Footprint plans store expansion
Reliance Footprint is planning to double its number of footwear stores in the next six months. The company’s chief executive Gopalakrishnan Sankar said: “We are present in 37 cities across 15 states and want to expand our business to Tier II cities in the coming years. The company has taken ...
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Indian government allows foreign direct investment
The Indian government has agreed in principle to allow foreign direct investment in multibrand retail joint ventures with an investment cap of 51%. The country already allows foreign companies to invest up to 100% in wholesale operations and 51% in single-brand retail operations. The change in the policy came about ...
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News
Bharti Walmart embarks on first major investment
Bharti Walmart, an equal joint venture between Bharti Enterprises and Walmart, is the first major investment made by the partners together.The partners have issued 120 million new shares from unissued share capital with a face value of INR10 (£130,000) each. Walmart will purchase 60 million shares for INR600m (£8.2m) through ...
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AnalysisIndia paves way for more direct foreign investment
A government panel recently approved a proposal to allow further foreign direct investment (FDI) into India’s retail sector, a move aimed at opening the country’s huge retail market to foreign retailers.
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Tata Group proposes to open Massimo Dutti stores in India
Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India.The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar joint venture to ...
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Indian government panel recommends easing restrictions
An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour access ...
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Trent holds plans to open Arcadia Group outlets
Tata Group’s retail arm Trent has put on hold plans to open Arcadia Group outlets in the country to instead focus on Inditex-owned brand Zara.The company had entered into a franchisee agreement with Arcadia Group three years ago and was planning to open at least 15 stores for Arcadia’s Topman ...
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Walmart considers entering Nepal
Walmart is considering entering Nepal through a partnership with a Nepali department store operator. Walmart India executive RP Singh expressed interest in expanding into Nepal at a meeting with officials. She also discussed the legal issues of expanding into the country. “On behalf of Walmart, Singh showed keen interest to ...
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Reliance Retail appoints two ex-Walmart executives
Reliance Retail has appointed two ex-Walmart executives to run its operations in the country, according to local press. Reliance has named former Walmart China chief operating officer Rob Cissell as the chief executive, and former vice-president of store operations Shawn Gray as chief operating officer, said company officials.The newly appointed ...