Bengaluru International Airport invites bids for duty paid retail packages

Source: ©The Moodie Report By The Moodie Report News Room INDIA. Bangalore International Airport Ltd (BIAL), operator of Bengaluru International, has invited Expressions of Interest in a series of duty paid retail packages across the airport’s International and Domestic zones. Nine lots are available, spanning local goods and handicrafts, fashion & accessories, electronics, books & press, […]

Retail execs venture out to sell online

New Delhi: Earlier this month, Arun Sirdeshmukh quit his job as the head of Reliance Trends, the apparel retailing arm of Reliance Retail, to start an electronic commerce business. Similarly, Saurabh Chadha, who headed the rural retailing unit of the Future Group, ended his five-year association with the country’s largest retail group last year to […]

Parle to launch new snacks, targets 25 per cent market

Biscuits manufacturer Parle Products, which entered the snacks business four years ago, will launch five new `Namkeen products within a year to garner 25 per cent of the Rs 8,000 crore market. “We will launch various products in all the categories under snacks like traditional `namkeen’ and wafers to increase our market share to 20-25 […]

Samsonite Expects 2012 Asia Sales to Grow Slower Than Last Year

Economic growth in China and India, Samsonite’s two largest markets in Asia, slowed last year and this may continue in 2012. Chinese Premier Wen Jiabao set a 2012 economic growth target of 7.5 percent on March 5, lower than an 8 percent goal in place since 2005. India’s government predicts growth may rise 6.9 percent in the fiscal […]

Versace, Guess, Corneliani set to split from their Indian partners

Economic Times International fashion brands Versace, Corneliani and Guess are all set to break away from their Indian partners, joining a growing list of international fashion brands struggling to settle down in India. Italian luxe brands Versace and Corneliani are expected to part ways with little-known Delhi-based firm Blues Clothing Company. A team from Versace […]

Videocon pulls the plug on Next expansion

Focuses on better retail margins, capping advertisement spends The Videocon Group is adopting different strategies for its consumer durable retail business through its two group companies – Next Retail and Digiworld. While Next Retail will be curtailed at 600 stores with no further expansions this year, Digiworld is slated to expand rapidly from 400 to […]

Birlas to up stake in AB Nuvo to 57%

Aditya Birla group chairman Kumar Mangalam Birla will hike his stake by roughly 6% from 51.05% now in its group company Aditya Birla Nuvo, the financial services company with interest in chemicals and apparels, by investing R1,500 crore to subscribe to 1.65 crore preferential warrants which can be converted into each equity shares in next […]

Shop online, pick up items from nearest Pune store

Pune:Buying from a store anywhere in Pune is now possible without visiting the store and also without paying extra for home delivery. Milestores, a newly-launched portal developed by a team of young software professionals under the guidance of Vijay Bhatkar allows Puneites to buy a variety of products from stores across the city.“It is better […]

Siyaram to introduce three new brands

Siyaram Suitings, a textile major in blended fabrics, will soon launch three mid-range brands. The company, with net sales of Rs 860 crore in the last financial year, is expected to launch Royal Linen, Moretti and Zenesis, thus taking its count from five brands to eight. The other brands under Siyaram Suitings is Siyaram’s, J […]