Raghavendra Kamath, Business Standard Mumbai, December 17, 2013 In a move that will pave its way to enter Indian retailing segment, UK-based retailer Tesco is picking up 50% stake in Trent Hypermarkets run by Tata-owned Trent. Tesco will make an application to Foreign Investment Promotion Board, Trent said in a statement today. Tesco already has a franchise agreement with Trent to provide background support to Trent in terms of technical know-how, sourcing and so on. Trent Hypermarkets runs 16 Star Bazaar branded hypermarkets in the country. Trent said the proposed venture will build on existing portfolio of Star Bazaar stores…
Palash Ghosh, International Business Times December 17, 2013 British supermarket and retailing giant Tesco PLC said it wants to open multibrand stores in India, making it the first international retailer to enter the huge Indian market after New Delhi lifted restrictions on foreign investments into the retail space in September 2012. Tesco, the third-biggest retailer in the world, has applied to India's Foreign Investment Promotion Board and initially plans to invest $110 million in the country. On acceptance of the bid, Tesco will operate in India through a 50-50 partnership with the Mumbai-based conglomerate, Tata group. According to its application,…
Vishnu Rageev R, Money Indices New Delhi, December 14, 2013 An empowered middle-class has been fuelling the growth of India all these years, prompting multinational companies like Coca-Cola India, fondly called Coke, to (re)strategise and relook at its markets for a better share from the country’s continually widening multi-billion dollar retail basket. The company, which has seen six consecutive years of double-digit growth, will settle with an additional investment of $5 billion to deliver innovation, develop business relations and strategic partnerships, uplift consumer experience, ensure product affordability, and build countrywide brand loyalty in the coming years. Some interesting times are…
(Published in ETRetail.com on 6 December 2013) Franchising isn’t rocket science, but advanced space programmes offer at least one parallel which we can learn from – the staging of objectives and planning accordingly. A franchise development programme can be staged like a space launch, each successive stage being designed and defined for a specific function or role, and sequentially building the needed velocity and direction to successfully create a franchise operation. The stages may be equated to Launch, Booster, Orbiter and Landing stages, and cover the following aspects: Launch: assessment of the franchiser’s own readiness to launch and manage a…
Vandana, The Week Mumbai, December 2, 2013 Online buying might be in vogue these days, thanks to a growing tribe of youngsters shopping online. But there are old-schoolers, like Srikant Bahal, who do not believe in virtual shopping. The 36-year-old human resources manager at a private firm loves his weekly rounds of malls. For Bahal, the touch-and-feel experience is paramount while shopping. “One cannot judge the quality of a product by just seeing it. Even though I buy movie and airline tickets online, when it comes to products, touching is believing for me,” he says. However, when Titan started its…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
