Ebony, a department store chain launched in 1994, has shut its operations to become the latest casualty among a string of modern retailers that have gone bust since the economic slowdown in late 2008.
FDI breathes fresh life into bleeding retailers; Lilliput promoter Sanjeev Narula and PEs Bain & TPG settle differences
PE investors Bain Capital and TPG have transferred their shares in Lilliput Kidswear to promoter Sanjeev Narula, ending a months-long public spat.
FDI in retail: IKEA says will comply with rules; will maintain 2 separate comapnies for sourcing & retailing
According to government regulations for companies that sell goods under a single brand, the 30% local sourcing must be undertaken by the same entity that brings FDI into India.
Investment application to sell foreign bull semen by Indo-Canadian JV Semex-Provet puts DIPP in quandary
A foreign investment application for retailing bull semen in India is all set to put officials clearing single-brand retailing proposals on the horns of a dilemma.
In 1996, when McDonald's entered India for the first time, it did the unthinkable-- eschew its trademark beef burgers.
From opening at 7 am to closing post-midnight, many retailers now work overtime to increase sales by wooing joggers & night owls.
The company is expected to spend between Rs 200-250 crore. It will compete with Select Citywalk and Ambience mall, among others.
The commerce & industry ministry has climbed down from the stipulation that 30% sourcing would have to be mandatorily done from SMEs and cottage industries.
From organising counseling sessions on sexual harassments to talent contests to holding cullinery lessons, malls are trying to keep their clients captivated through various events through the year.
Dubai-based Landmark Group targets $1 billion, or about Rs 5,500 crore, business in India in the next two years, its vice-chairperson Renuka Jagtiani said.
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