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Blackstone to buy 70 per cent in Gokaldas Exports

Indiaretailing Bureau -
Gokaldas Exports Ltd, India’s largest garment manufacturer and exporter, has decided to offer 70 per cent stake to the US-based private equity major Blackstone Group for Rs 676 crore (including a 20 per cent open offer). Blackstone, which has...
Retail

Wal-Mart drops plan to open Bank

Indiaretailing Bureau -
Wal-Mart Stores Inc. has dropped the plans to open its own bank, putting an end to a two-year controversy that roiled financial-services companies that feared direct competition from the world's largest retailer. Wal-Mart notified the Federal Deposit Insurance Corp. that...
Retail

Grupo Elektra expanding in Argentina

Indiaretailing Bureau -
Grupo Elektra Mexican retail giant will open operations in Argentina in 2007, offering banking and retail services. It is believed that the company has planned such operations either in the form of a new venture or through acquisition. Besides this...
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In FocusAbhisar Narula -

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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