The new destination will be part of Bharti’s Worldmark, a 1.5 million sq. ft. mixed-use project in the Aerocity hospitality district near Terminal 3 of Delhi International Airport.
Retailers Association of India, a nationwide industry body of retailers, has stepped in to initiate a process to help make a standard for determining common area maintenance charges.
This will allow the Seattle-based e-commerce titan to stock locally-produced food items and sell them online, making it the first foreign retailer to enter the segment.
Small items like belts, cuff links, pocket squares and ties that cost between Rs 10,000 and Rs 20,000 are being bought with cash.
Concept restaurants such as celebrity chef Marut Sikka’s Delhi Club House, Whisky Samba and Italian restaurant Caffe Tonino have already opened doors.
In 2013, IKEA had dragged about a dozen local companies, including Aikya and HR firm Ikya Human Capital Solutions, to courts over trademark infringement and received ex parte injunction against them.
Gap's sales are, at times, even less than 50% of those of Zara and H&M, according to the business head of a prominent suburban Delhi mall that is home to all three brands.
Uniqlo, which was earlier in talks with Arvind Brands for a possible joint venture, has decided to set up a wholly-owned subsidiary, like global rival H&M.
Retailers are seeking rental concessions from malls but analysts suggest brands may be eyeing short-term advantage
Railways, which sees Rs 18,000-crore revenue potential for these initiatives, has already received a host of proposals from several tech-based cos.
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