In most conversations we have had with international brands in the last 2-3 years, India consistently appears on list of the top-5 markets in which to expand into. The second most populous country in the world, India has a young population that offers a vibrant population mix that will provide a workforce and consumers in decades to come. There is steady growth in per capita income and a greater availability of credit, as well as a significant change in the consumers’ outlook to life that has propelled consumption levels. The United Nations Conference on Trade and Development ranked India as…
Priyanka Pani, Businessworld June 11, 2011 Anyone remember Ranger Farms? In 2007, Reliance Industries' subsidiary Reliance Retail launched its cash-and-carry retail format by that name. A year later, RIL 'merged' Ranger Farms into Reliance Fresh, its food and grocery business. Readers may also recall that in 2009, RIL put together a team of top officials it had hired from several wholesale players, including Gwyn Sundhagul, the chief marketing officer and director at Tesco Lotus, Thailand, to spearhead its cash-and-carry plans. But it appears that after a year and a half, that team has been disbanded. On 3 June, at the…
Pallavi Srivastava New Delhi, June 2011 The jeanswear brand, Levi's had been losing its premium image with the launch of Signature, which was launched in 2006. Making ammendments, Signature has morphed into Denizen. Is it a mere name change or are there any cosmetic changes as well? And more so, will the new branding pull the brand back into the premium league? While Denizen carries the price tag of Signature (between Rs. 799 and Rs. 1,499), Denizen is being positioned as a youth brand targeting the 18-28 male and female. Signature, meanwhile, was positioned as a mass brand. Also, Denizen…
Raghavendra Kamath & Nivedita Mookerji, Business Standard Mumbai, June 4, 2011 Three years after its experimentation with cash-and-carry retail fizzled out, Reliance Industries Ltd (RIL) plans a strong comeback. At its annual general meeting today, Chairman Mukesh Ambani said Reliance Retail would soon relaunch this format, so far dominated by companies such as US major Walmart in joint venture with Bharti Enterprises, German giant Metro and French heavyweight Carrefour. With its re-entry into the cash-and-carry segment, Reliance Retail aims to bargain harder with producers and vendors and, in turn, improve margins of its chains, pointed out a company executive. According…
Sapna Agarwal, MINT (A Wall Street Journal Joint Venture ) Mumbai, May 26, 2011 Major Brands (India) Pvt. Ltd, the local franchisee for fashion apparel and accessories brands such as Mango, Aldo, Charles & Keith and Nine West, will form a joint venture with French womenswear retailer Promod. This changes the existing franchise agreement between the two. Both firms will raise their investment in the brand locally, said Kamal Kotak, country head, Major Brands. Promod will hold a 51% stake in the venture and Major Brands the rest. India has nine Promod stores, and contributes less than 3% of the…
Brands are ready to roll the red carpet for consumers this festive season. But for #India's #jewellery brands this #Diwali will likely be a tad different from previous ones.
Reliance Retail & 7-Eleven ending 5-year franchise deal in India @SagarMalviya_ET
@devangshu:"convenience stores pressured by q-comm; family-kiranas survive with lower overheads & different margin expectations than corps"
Speciality Restaurants expanding into high-margin QSR and cloud kitchen spaces - @devangshu shared his perspective on the opportunities and realities of managing a diverse "house of brands" in the food service sector #India #strategy #diversification
