Noel Tata has taken over as the chairman of retail arm Trent

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Retail News India: Noel Naval Tata, brother-in-law of Tata group Chairman Cyrus Mistry, has taken over as the chairman of retail arm Trent. He succeeds F K Kavarana, who retired from the Tata group after turning 70 this month. Noel, 57, was vice-chairman of the company and was instrumental in getting British retail giant Tesco as […]

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British beauty brand Lush to enter India

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Retail News India:  British beauty brand Lush, known for fresh handmade cosmetics such as the fizzing bath bomb and solid shampoo bars, is looking to enter Indian market. The brand applied to the Department of Industrial Policy & Promotion (DIPP) last week under the single brand retail umbrella and is awaiting clearance from the agency. […]

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Amway aims to play in the prestige segment to showcase Artistry range.

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Retail News India:  Amway India is increasingly betting on growing alternative channels, having run into rough weather over the last two years. The subsidiary of the $12-billion US-based Amway Corporation had got into trouble with regulatory issues over its direct-selling (through multi-level marketing), which even saw its senior management being charged with financial irregularities. It […]

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Satya Paul Opens First Store in Kolkata at Quest Mall

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Retail News India:  Fashion brand Satya Paul has opened its first flagship store in Kolkata at the Quest mall on Syed Amir Ali Avenue.Spread over 2,000 sq.ft., it will also house an exclusive bridal lounge for the first time apart from printed sarees, anarkalis, kurtis, dresses and accessories. Speaking on the occasion, Sanjay Kapoor, Managing […]

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Home Decor Brand Haoshi from Taiwan debuts India in Association with S.T. Unicom

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Retail News India:  Taiwan based home-decor giant Haoshi has entered India in association with Kolkata based S.T. Unicom which will distribute and  retail Haoshi’s entire product portfolio in India through its exclusive brand stores and online format. Established in 2009, Haoshi is present in Austria, China, Czech Republic, France, Germany, Hong Kong, India, Indonesia, Japan, […]

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Branded Bargains:A store for Second-Hand Luxury Products

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  Retail News India: Branded Bargains specialises in the sale and purchase of pre-owned expensive brands, catering to discreet buyers and sellers. Its store in Mumbai’s fort area stocks second-hand products – anything from handbags and shoes to belts and sunglasses – from brands such as Salvatore Ferragamo, Bottega Venetta, Prada, Gucci, Burberry, Versace, and […]

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India is a attractive destination for FDI : EY

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Retail News India: India is still an attractive destination for foreign investment as per the results of a survey conducted Consulting firm EY (formerly Ernst & Young). The survey, titled ‘EY India Attractiveness Survey 2014,’ was conducted among 500 foreign investors. Results were broadly as follows • India remains one of the top global destinations […]

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Max Retail to reach Rs 1,000 crore this year

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Retail News India: Max Retail, the value fashion retailer of Landmark Group which set up operations in India in 2006, expects to cross the milestone of 100 stores and Rs 1,000 crore turnover by the end of the current fiscal in March. The company expects to clock a growth of 30% over last year. Max […]

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Raj Jain former head of Walmart India joins Bharti Retail as CEO

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Retail News India : Six months after quitting as president of Walmart India, Raj Jain has assumed the role of chief executive at Bharti Retail, the retail venture of the US firm’s former local partner Bharti Enterprises. Bharti Retail on Friday also named Pankaj Madan, former Bharti Walmart chief financial officer, as its CFO. Bharti Walmart […]

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Vodafone Group Plc: Tesco Retail takes first step into Indian market

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Retail News India : India’s foreign investment regulator has approved a $110m (pounds 67m) investment plan by Tesco. The retailer has taken the initial steps towards becoming the first foreign company to set up supermarkets in India’s $500bn retail sector after announcing it had applied to buy a 50% stake in Tata Group’s Trent Hypermarket. The […]

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