Business Standard, Mumbai January 27, 2011 Raghavendra Kamath Star Bazaar, the chain run by Tata-owned Trent Hypermarket, says it used the economic slowdown to book properties when prices were down, allowing it now to open more stores. Rentals of retail properties were 30-35 per cent lower than their peak during the economic slowdown of 2008-09, as retailers shut stores and scaled back their expansion due to lower footfalls. Starting the first store in Ahmedabad in 2004, Trent Hypermarket runs 10 Star Bazaar stores and plans to double the count by the end of 2011. Hypermarkets are larger versions of supermarkets,…
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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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