March 22, 2010News for the Retail industry
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News: Apparel, Specialty, CDIT ...
Shoprite buy may push Future-Carrefour deal
Times of India
The buyout of South Africa's Shoprite Holdings single retail store in Mumbai by the Future group on Saturday, could well pave the way for stronger ties with French retail giant Carrefour, with whom the Future group has been in talks with for a while. Though ''the government's strict limits on foreign investments in the retail sector is playing spoilsport and has delayed many mergers, talks with the retail major have moved to the last mile,'' said an official, familiar with the deal.
'Tier-I and II cities will drive our growth'
Financial Express
Van Heusen, the apparel brand owned by the Aditya Birla Groups' Madura Garments, with a near 15% share of the branded shirts market in the country, expects to increase its business by about 30% to around Rs 500 crore in 2010-11. Shital Kumar Mehta, COO, Van Heusen, said. The firm intends to launch jeans under its VDot brand.
Retail thrust
Business Standard
Goenka Diamond is an integrated player with presence across the diamond value-chain (sourcing, cutting and polishing). The company has drawn up plans to expand its retail jewellery business. In order to funds these plans, the company is coming out with an IPO to garner Rs 135-145 crore.
Amway to open around 170 outlets in India within 5 yrs
Economic Times
US-based FMCG firm Amway has plans to open around 170 outlets across the country in next five years, a top company official said. "We plan to take the number of outlets in India to 300 in the next five years, against the 130 at present," Managing Director, Amway, William S Pinckney said, while inaugurating the company's second brand assessment centre in Ahmedabad.
Tesco brands available in India
Business Standard
Products from the stable of the world's third largest retailer, Tesco, have entered the Indian consumer market through Trent, the retailing arm of the Tatas. Tesco has an exclusive franchisee agreement with Trent. About 50-odd private brands, including Tesco Value, Daisy and All About Men, of Tesco are being sold through Trent's hypermarket chain, Star Bazaar.
News: Food & Grocery, QSR ...
Future Group buys SA's Shoprite, renames it Foodrite
Economic Times
The Kishore Biyani-led Future Group bought the lone India franchisee store of South Africa's biggest grocery chain, Shoprite Holding, and renamed it Foodrite. "We always wanted to have a large format store dedicated only for food and so we took over the Shoprite store," Future Group's Customer Director, Damodar Mall, said.
Coffee with a kick
Sify
Enjoy liqueur coffees or espresso shots at Segafredo Zanetti, the latest international coffee player to come to India. Early next month, Segafredo will make its first appearance in Delhi, at a mall in Saket, and, from there, keep adding outlets.
'We are targeting the middle class'
Financial Express
FieldFresh Foods Pvt Ltd, a joint venture between Bharti Enterprises and Del Monte Pacific Ltd, is a big-ticket player in the otherwise petite processed food industry. Yogesh Bellani, business head of Del Monte Foods (a part of FieldFresh), shares the prospects of the food processing industry in India and the challenges it faces. Excerpts:
Yakult Danone India (P) Ltd. introduces its global distribution system
Webnewswire.com
Yakult Danone India (P) Ltd, a global leader in the probiotic health drink space, today announced the launch of its globally successful distribution system - Yakult Ladies System in Mumbai. This unique delivery system is driven by ladies who deliver probiotic health products to their customers' doorstep.
Retail Trends
India's important piece of puzzle: Metro Cash & Carry
Economic Times
The over Euros33.1 billion Metro Cash & Carry was the first to enter the Indian wholesale business in 2003, since 100% FDI is allowed in this. Metro Cash & Carry India's Customer Management Director, Ajay Sheodaan said that it is focused on developing the market by moving from a transaction-led business to one based on relationships. Excerpts:
Nielsen expands retail panel
Economic Times
The release date may be a little more than a year away, but The Nielsen Company is hard at work refining and expanding the scope of its retail audit. In spite of being the only product of its kind in India, the audit came in for unprecedented amounts of criticism last year from FMCG companies like Unilever, Godrej, Dabur and Perfetti.
Anand Swaminathan new Zicom Retail Products CEO
The Hindu
Zicom Electronic Security Systems, a leading player in the electronic security segment in India, announced the appointment of Anand Swaminathan as the CEO of Zicom Retail Products Pvt Ltd. As the CEO of the retail business, Swaminathan will be responsible for conceptualising, strategising and leading Zicom's retail initiatives.
Retail Insight
Reinventing Category Management for the 'Too-much Information' Age
Infosys
Analysts and industry executives agree that despite some impressive success stories, category management as a whole has lagged behind the rapid "change curves" in the retail and consumer goods industries. Particularly on the manufacturer side, category management efforts have had a hard time keeping pace with market-place shifts, including the explosion of new data sources; a more complex retail environment and an increasingly diverse - and demanding - set of customers.
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