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TESCO banned from buying Carrefour assets by Slovakia government

According to a new development, Tesco will not be able to buy the Carrefour assets in Czech Republic. In an official statement, the Slovakian Antimonopoly Office has said that it has banned Tesco from buying Carrefour hypermarkets in the...

Landmark exits Emami JV

Retail outfit Landmark, is said to have sold to its joint venture partner its 50 per cent stake in the Emami Landmark Store Private Ltd. This is after the acquisition of stakes in Landmark by Trent in 2006. Sources in...

Birla to enter retail: Acquires Trinethra

In a bid to enter the retail industry the AV Birla group is about to acquire the Hyderabad-based supermarket chain Trinethra Super Retail, including its online shopping outfit, Fabmall. The Trinethra group has about 172 outlets 83 in Andhra Pradesh,...

Biyani may sell Planet Retail stake

Kishore Biyani, of the Future group is expected to sell a part of his 49 per cent stake in Planet Retail Holdings (PRHL) back to its Indonesian promoter. These reports have been denied by Mr. Biyani, but sources close...

Reliance starts buying Adani

Reliance Industries has begun buying the Adani groups’ retail venture. Both the players are tight-lipped about the deal, but sources in the know have said that the deal is in the tune of Rs 200 crore. The Adani group has...

Videocon and Infiniti Retail in sourcing agreement

Infiniti Retail, Tata group’s consumer durable retail venture, has signed a sourcing agreement with consumer electronics major Videocon for its planned private labels. Venugopal Dhoot, Videocon Industries chairman and managing director has confirmed this and said that we have signed...

Carrefour to partner with Wadia Group

Carrefour is likely to make its entry into the Indian retail scene through JV with Nusli Wadia group. For Carrefour, this would be a strategic entry, as the company expects to get better exposure into the Indian market, as...

‘Electronics Festive Bonanza ‘ at all E-Zone stores

Home Solutions Retail (India) Ltd., part of the Future Group, has announced the first-of-its-kind ‘Electronics December Dhoom’ shopping bonanza at all E-Zone electronics specialty stores between December 23 and 31, 2006. Between Christmas and New Year, every E-Zone store,...

Carrefour Prefers Local Partner To Landmark

After Wal Mart's entry into India, through joint venture with domestic Indian player Bharti, world's second biggest retailer, Carrefour, is also on the lookout for similar tie-ups with local players, to get maximum exposure. Carrefour was earlier in talks with...

Creative Talent Attracted To Retail Industry

Brand business is huge in retail industry, and designing and establishing a brand is where all the creative and innovative skills are required. Now that's where the top-level creative talent is getting attracted. Recently, well-known advertising professional, Santosh Desai, President...
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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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