UK’s biggest retailer has finally chosen its partner for Indian operations, to complement its strategy of growing overseas following its operations in countries like US, Korea and China. Tesco has chosen Tata Group’s retail arm, Trent Ltd to start its Indian operations.
After taking a beating in its front-end petroleum retail venture, Reliance Industries is planning to convert the closed outlets into malls and multiplexes.
Of the 1432 outlets closed, 500 are company owned and rest dealer-owned.
The unending euphoria of real estate sector in India witnessed during the last few years is finally starting showing signs of ebbing. The talks of new malls, complexes, residential projects being built are all now being kept under bags.
India’s third largest property developer after DLF and Unitech, Indiabulls is using its zooming market capitalisation in financial services and real estate to venture into retail via its arm Indiabulls Real Estate Ltd.
McDonald’s is soon going to have a competitor in India with the entry of US fast food chain, Burger King into India in partnership with DLF, if reports are to be believed.
It is meant exclusively for the rich and famous. With India boasting of highest number of billionaires in Asia, the country would soon witness a mall that would be housing only luxury brands.
World’s second largest retailer, France based Carrefour, is again planning for an Indian entry into the growing organized retail market. Earlier in June, it had decided to pull out of the Indian market after talks failed with various local partners.
13 year old, apparel manufacturer and retailer, Koutons Retail India is coming out with an IPO from September 18-21 in a price band of Rs. 370-415 to raise Rs.146 crore at the upper band.
In a bid to become among the largest multiplex operator in India, DT Cinemas, owned by DLF Ltd, would build 500 screens in 100 multiplexes over next 2 years with an investment of Rs.1500 crore.