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Chinese government orders probe into Carrefour stampede

The Chinese government ordered a probe into the stampede at the Carrefour store in which three persons were killed when the retail outlet had on Saturday launched a promotion sale of cooking oil. Ministry of Commerce ordered police and government...

Three dead in stampede at Carrefour in China

Three people died and about 30 were injured in a stampede at the French retailer Carrefour-owned supermarket in Chongging city in South-West China on Monday, local reports said. The incident occurred when a crowd waiting for hours to avail of...

Mattel Inc advocates 100 per cent FDI

Mattel Inc, the largest toys manufacturer in the US, wants India to allow 100 per cent FDI. “If the Indian government does not open up 100 per cent foreign direct investment in retail, then it will limit our ability to...

European retail sales down

For the first time in three months, European retail sales declined in October as rising food and energy prices damped consumer confidence, according to Bloomberg purchasing managers index showed. A gauge measuring retail sales fell to a seasonally adjusted 47.9...

Wal-Mart eyes Malaysia

American retail giant Wal-Mart has evinced interest in opening its chain in Malaysia which though Southeast Asia’s third largest economy saw decline in foreign direct investment. “Wal-Mart has shown interest and is keen to open stores in Malaysia,” deputy trade...

Spar hypermarket mark India debut with Bangalore

Barely a few weeks into Landmark Group, the Dubai-based retail conglomerate, signing an agreement with international retail franchisee Spar, the first hypermarket has already emerged into the Indian F&G retail scene. This agreement licensed Max Hypermarkets, part of Landmark...

Mixed reactions of retailer fraternity on Chidambaram statement on retail FDI

There was mixed reaction from retailers to Finance Minister P Chidambaram’s announcement that India will open up its $330 billion retail market to foreign investors. “The statement of the minister had no clear signals as to what the government will...

Madras HC — Carrefour legal owner of the registered trademark

The Madras High Court adjudged France-based Carrefour as the legal owner of the registered trademark Carrefour. Justice V Ramasubramanian allowed applications from the French retailer for granting an interim injunction, restraining the respondents – V Subburaman, Ayesha Anjum, S...

Who is next after WalMart?

Today, this is the most frequently heard question in retail circles. Nobody knows yet, who’s going to strike its footprint for a pie in India's $300 billion retail basket. If sources are to be believed, then UK's Tesco and...

Carrefour — first casualty of government policy

Carrefour, the French retailing giant, has put on hold its plans to enter India due to increasing political resistance here. The retailer has made it clear that it won’t enter India till the FDI policy in the retail sector...
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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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