Bangalore,14 January, 2011, The Times of India Shilpa Phadnis FMCG major Britannia Industries on Thursday entered the Rs 500-crore (Rupees 5 billion) branded breakfast space dominated by players like MTR Foods, Kellogg India, PepsiCo and Marico. The company has launched Britannia Healthy Start, a range of ready-to-cook breakfast mixes consisting of upmas, pohas, porridges and oats. The company said the breakfast range is fortified with multi-grains, vegetables, pulses and nuts and takes only 5 minutes to cook. It is priced between Rs 33 and Rs 45 for 150-170 gm packets. Britannia is focused on healthy snacking options, and the company…
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MUMBAI, 14 January, 2011, Business Standard Starbucks is finally coming to India. The world's largest premium coffee retail chain today announced that it has entered into an agreement with Tata Coffee for a strategic alliance. Under a non-binding memorandum of understanding (MoU), Starbucks will explore setting up stores in the Tata group's retail outlets and hotels, besides sourcing and roasting coffee beans at Tata Coffee's Kodagu facility. Tata Coffee, one of the biggest suppliers of Arabica coffee beans, has shipped coffee beans to Starbucks in the past and is now building a structure for a long-term relationship, a joint release…
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Retail Asia, January 2011 Singapore’s retailers more customer-centric and tech-savvy after recession While caution stalled the retail industry at the beginning of last year, the first 10 months of the year saw the sector inch its way out of the downturn, according to figures released by the Singapore Department of Statistics, with the latest data revealed for last October reflecting a positive 5.3% growth in retail sales from 2009, excluding motor vehicles. The opening of the new malls along Orchard Road and the integrated resorts (IRs) at Marina Bay and Sentosa saw tourism pick up by 16.1% over 2009, to…
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MUMBAI, 28 December 2010, MINT (A partner to the Wall Street Journal) Sapna Agarwal The Bindra family, the owners of Biba Apparels Pvt. Ltd, which owns a popular women’s ethnic wear brand of the same name, is on the verge of splitting, said a person directly involved in the development, who did not want to be identified till the details are made public. Sanjay Bindra, 45, will sell his stake for around Rs 75 crore in an all-cash deal, added this person. Siddharth Bindra, 36, confirmed that Sanjay Bindra was exiting the business and added that he would be buying…
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Business Standard, Mumbai,16 Dec 2010 Raghavendra Kamath The apparel & textile major now wants separate strategies for each of its brands. Last month, S Kumars Nationwide (SKNL) invited pitches from advertisement agencies for its brands. The purpose: repositioning of the brands that include Reid & Taylor and Belmonte. The company has already finalised two out of five pitches from the shortlisted agencies and wants to complete the entire process by January. But the move surprised many as the brands are already in clear price segments with little overlap. But Ashesh Amin, director of the textile and apparel major, thinks a…
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