The joint venture plans to invest about Rs 13 crore in the first four years to open stores in different cities, with Furla bringing in Rs 6.6 crore.
Franchisees told ET that they have been asked to scale up ops in the country as the Apple Inc plans to grow aggressively in the country.
Reliance Retail is folding up all four retail stores of Office Depot, while Staples Inc is in the process of selling most of its 49% stake in Future Group.
Pramod Bhasin and Pia Singh plans to start charging nominal fees for such skill development courses in the future. The idea is to create a for-profit social enterprise.
Biyani confirmed the development and said the venture will open its first cash-and carry store in Bangalore in the next three months.
Fabindia will become a significant minority shareholder in Organic India by merging its own organic division into it.
Omar Nasrollah, who was Lavazza’s business development manager in Turin, took over as the managing director for India this month.
The big fat Indian wedding is getting bigger, fatter and now branded, with fast-food chains adorning several marriage parties across big cities.
Biyani’s Future Group is back in the lifestyle market with casual western wear for the youth primarily in tier 2 and tier 3 cities.
Bangladesh has sought govt's intervention to secure the outstanding payments for 22 small Bangladeshi garment exporters from Delhi-based Lilliput.
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