Koutons Retail India has shut 150 more shops, mostly of its casual menswear brand Charlie Outlaw, as part of its ongoing reorganisation.
Philips, Havells and Bajaj Electricals, have increased the prices of CFL bulbs by up to 15% due to soaring prices of key raw material after the Chinese cut its production and exports.
The Delhi High Court has turned down the demand of investors Bain Capital and TPG for a forensic investigation of Lilliput Kidswear.
The Delhi High Court on Wednesday restrained private equity investors Bain Capital and TPG from selling their shares in Lilliput Kidswear without first offering them to promoter Sanjeev Narula.
Lilliput Kidswear Ltd is offering a nearly one-third discount in all its stores to rustle up cash to meet day-to-day expenses.
Consumers will have to pay more for products such as mobile handsets, laptops, televisions and refrigerators starting this month.
Beleaguered discount retailer Koutons Retail India has secured its bankers' approval for a corporate debt restructuring, or CDR, package.
In June, credit rating firm Crisil had revised its rating outlook for Cotton County to negative from stable.
The proceeds of the stake sale will be used to expand the number of exclusive stores to 170 by March 2012 from 130 now.
In 2010, its market stood at 3 mn units and was estimated to touch 3.6 mn this year, a figure that industry insiders say may be hard to achieve.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon