CavinKare eyes Rs 300 crore from restaurant biz; seeks franchisees

Chennai-based consumer goods firm CavinKare has set a target of Rs 300 crore over the next three years from its newly-started restaurant business. The company, which recently opened a food chain -- CK’s -- in Puducherry, launched its new restaurant -- Vegnation -- in Chennai. Meanwhile, the company is also looking at adopting the franchise model for the proposed expansion. More...

Ting Hsin to franchise FamilyMart Stores in China

Ting Hsin, a leading Taiwanese-invested food conglomerate in China, has announced plans to open the franchise rights of its convenience store brand FamilyMart in mainland China at the end of 2009, agency reports. More...

Biyani divides market to sell branded goods

Kishore Biyani is going ahead with his ambitious plan to sell branded consumer staples such as rice, wheat and pulses to consumers nationwide. Within 18 months, Biyani expects his team to replicate the fashion business value chain strategy (of sourcing, branding, distribution and retailing under private brands) in the food business, reports Financial Chronicle. More...

Timex to open new stores, launch lifestyle products

Watch maker Timex India is looking at increasing presence in the country by nearly doubling its retail stores over the next 18 months to around 120 and plans to launch at least two lifestyle products early next year. At present, Timex has about 68 outlets and will spend about Rs 6 crore to add another 52 stores by March 2011. More...

LG launches Brand Shoppe in Rajarhat

LG Electronics has launched its Brand Shoppe at City Centre II, New Town, Rajarhat, as part of its plan to set up exclusive premium showrooms all over the country, according to a company press release. More...

Koutons Retail Q2 net rises 21%

Koutons Retail has registered a profit of Rs 23.59 crore in the September quarter, recording a 20.55 per cent growth over Rs 19.57 crore in the corresponding period last year. More...

S Kumars Q2 net up 18% at Rs 69 crore

Textile major S Kumars Nationwide (SKNL) has recorded an 18 per cent jump in its consolidated profit after tax (PAT) to Rs 69.25 crore for the second quarter of the ongoing financial year. More...

Madras HC sets deadline for Pyramid dues

The High Court has directed Pyramid Saimira Theatre Ltd (PSTL) to pay back its dues to Patni Financial Services before Thursday, failing which an official liquidator will be re-appointed. The company had earlier said it was planning to raise Rs 50 crore in Qualified Institutional Placement and told the court it would pay the money to Patni by early next year. More...