{"id":2380,"date":"2013-04-03T12:33:57","date_gmt":"2013-04-03T07:03:57","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=2380"},"modified":"2013-04-03T12:33:57","modified_gmt":"2013-04-03T07:03:57","slug":"marks-spencer-gears-up-to-bring-food-business-with-jv-in-india","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/marks-spencer-gears-up-to-bring-food-business-with-jv-in-india\/","title":{"rendered":"Marks &#038; Spencer gears up to bring food business with JV in India"},"content":{"rendered":"<p><a href=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2013\/04\/marks-spenser-foof.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2013\/04\/marks-spenser-foof-300x199.jpg\" alt=\"\" title=\"marks &amp; spenser foof\" width=\"300\" height=\"199\" class=\"alignleft size-medium wp-image-2381\" \/><\/a>British retailer Marks &#038; Spencer (M&#038;S), which operates a joint venture with Reliance Retail, is planning to seek permission from the Foreign Investment Promotion Board (FIPB) to start food retailing in India. Marks &#038; Spencer aims to bring in its food business as part of the existing single-brand foreign direct investment (FDI) approval which currently operates more than 28 stores selling clothing and home products in the country.<\/p>\n<p>Sources say, the JV between Marks &#038; Spencer and Reliance Retail is expected to approach FIPB, the agency that approves all foreign investments in the country, after the centre issues clarifications broadening the scope of single-brand retailing in April. Taking a step further, M&#038;S has already started booking larger store locations in new malls to roll-out its food business, which is its biggest unit by revenue. M&#038;S is likely to sell only packaged foods such as deli, bakery, salads and products that are unique to their stores. It will keep its food business as a part of the fashion and home products retailing in India, though it operates standalone food express stores in the UK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British retailer Marks &#038; Spencer (M&#038;S), which operates a joint venture with Reliance Retail, is planning to seek permission from the Foreign Investment Promotion Board (FIPB) to start food retailing&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[787,4],"tags":[],"class_list":["post-2380","post","type-post","status-publish","format-standard","hentry","category-news","category-retail-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/2380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=2380"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/2380\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=2380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=2380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=2380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}