Future Group may hive off Big Bazaar: Biyani
Economic Times
Future Group chief Kishore Biyani is looking to hive off hypermarket chain Big Bazaar and list it to unlock value as part of ambitious restructuring and growth plans to become a Rs 25,000-crore group in four years.
RPG enterprises to enter coffee chain business
Business Standard
Kolkota headquartered RPG Enterprises said it would enter the coffee chain business by setting up a Joint Venture with a US Company. The US company would have 20 per cent stake in the Aubonpain range of coffee chains, while we will have 80 per cent in the business, which will start in the next few months, he told reporters here.
McDonald's India invests Rs 1.5 bn to add 40 more outlets
Myiris.com
The world's largest chain of hamburger fast food restaurants, serving nearly 47 million customers daily, McDonald's is planning to add 40 more outlets and invest Rs 1.5 billion.
Domino's eyes a big share of the pie
Economic Times
Life can be quite trouble-free, for a top executive whose business is on autopilot. But Ajay Kaul, CEO of Pizza chain Domino's chooses instead to steer the 'fastest growing multinational quick service restaurant brand in India' to new heights, still feeling that there is a long way to go.
India unlikely to allow FDI in multibrand retail: official
Business Standard
India is unlikely to allow foreign investment in multibrand retail at least in the next couple of years, a top industry ministry official said. "It's a sensitive sector. I don't see it happening... Certainly not in one or two years," Department of Industrial Policy and Promotion Joint Secretary Gopal Krishna said during his interaction with Swedish industry captains.
Retail Trends
Set floor space norm for retail FDI: Rajan Mittal
Hindu Business Line
Mr Rajan Mittal, said that instead of placing a blanket ban on organised and multi-brand retail, if the Government wants, it can put a minimum shop area ceiling of 2,000 sq ft for big companies entering modern organised multi-brand retailing.
Considering that consumers are getting ready to spend again and the stock market is looking up, retailers are now expecting more private equity players to invest in their companies. In fact, most retailers are waiting for the right time to get the right valuation, which is based on the time frame within which they expect to break even.
Mark Ashman | On your mark
Livemint
This CEO is on a mission to transform Marks and Spencer from being just another foreign store to a significant retailer in India.
To compete retailers, distributors, cash and carry's and suppliers are focused on driving efficiencies into their businesses and reducing costs. Many good cost saving initiatives have been executed but one area where there are still good opportunities to reduce costs is in the retail supply chain. The good news is that smart retailers are seeing proven returns on modest investment in a matter of months.
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