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TEXTILES INTELLIGENCE – Sourcing Apparel from the Indian Subcontinent: An Alternative to China?

With Chinese exports once more restricted by quotas, buyers in the European Union and the United States are turning to the South Asian countries of Bangladesh , India , Pakistan and Sri Lanka to fill the gap. But with...

Govt clears 23 FDI proposals worth Rs 565 cr

The government has cleared 23 foreign direct investment (FDI) proposals, which will bring Rs 564.80 crore into India, including Dubai-based Damas’ plan for retail trading in jewellery and Danone’s plans to re-enter food products space after quitting Britannia earlier...

Panel opposes domestic corporate, foreign investment in retail

A parliamentary standing committee has recommended a blanket ban on foreign investment in retail and has opposed even big domestic corporate entering the sector saying that it will lead to unemployment. "The committee recommend that...

Pantaloon Retail arm close to equity deal with Carrefour

Pantaloon Retail, the country’s largest retailer, is close to sealing an equity partnership deal between one of its subsidiaries and French retail giant Carrefour. Under the deal, being given finishing touches, Carrefour is expected to take an equity stake in...

US company Fossil expands footprint

US-based watch making company Fossil India is expanding its presence through multi-brand outlets by adding up to 350 points of sale this year. The company will expand through key department stores, specialty chains and high-end watch outlets.Fossil India recently...

Future talks to PE funds for equity sale

The Future Group, which owns India’s largest chain of retail stores, has started formal discussions with private equity (PE) funds to sell equity stakes in new companies that are formed by splitting the operations of its flagship Pantaloon Retail...

McDonald’s to open 40 outlets by ’10

McDonald’s India plans to open 40 new restaurants by 2010. “As part of our expansion plans, we will open 40 new outlets across east and north India over the next two years,” said Vikram Bakshi, joint venture partner and...

Reliance Retail on partnership model

Mukesh Ambani-led Reliance Retail, which runs over 750 Reliance Fresh, Reliance Super and Reliance Mart, is reportedly engaged in preliminary negotiations with a large retailer to forge an alliance reports a financial daily. This is following last week's announcement...

FDI in single-brand retail to stay, says Kamal Nath

49 per cent cap on foreign direct investment (FDI) in single-brand retail would remain and there would be no change in sectoral limits, Union commerce and industry minister Kamal Nath told reporters on the sidelines of the Hero Mindmine...

Foreign retailers may get to dilute stake in Indian JVs to PE firms

The government is considering a proposal that would allow single-brand foreign retailers such as Diesel, Louis Vuitton and Marks & Spencer to dilute stakes in their Indian ventures in favour of foreign Private Equity (PE) firms, reports ET. The government...
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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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