US food chains seek footprint in West Bengal

American food brands have begun to look eastwards in search of franchisees. Six US food brands have evinced interest to form partnerships in Bengal to expand their presence in the Indian market, reports Business Standard. More...

7-Eleven unveils new concept stores in Australia

7-Eleven Stores Australia unveiled two pilot food stores in Melbourne and Sydney and plans to roll out a new food-focused convenience store concept across all 7-Eleven stores in the country, agency reports. More...

MGM Mirage looks to franchise overseas

In a first for the company, MGM Mirage is looking for growth beyond building its own assets by franchising and managing properties abroad. The hotel-gaming operator has signed 10 deals throughout the Middle East and Asia, agency reports. More...

Consumers to spend $706 billion on electronics this year: survey

Despite the ongoing global economic crisis, people worldwide will spend more this year on consumer electronics, IT and telecom and are expected to take the total market size to $706 billion, according to a survey. More...

Infiniti Retail plans 100 Croma stores by FY11

Croma, the electronics retail chain run by the Tata group under its wholly owned subsidiary Infinity Retail Ltd, on Wednesday announced plans to open 18 stores this year, reports DNA. More...

Tanishq opens largest jewellery store in Chennai

Titan Industries is planning a Rs 100-crore capital expenditure during the current financial year. Most of it will be spent on expanding the retail footprint of the company’s brands Tanishq, Titan, Fastrack and Titan Eye+, said Bhaskar Bhat, managing director, Titan Industries. More...

Dead end for Subhiksha’s debt restructuring plan

The country’s corporate debt restructuring (CDR) mechanism office says the revival process of troubled retailer Subhiksha Trading Services Ltd has hit a dead-end with the consortium of banks owed money by the company being unable to submit the proposal on time, reports Mint. More...

New Delhi, Bangalore, Mumbai most affluent: Nielsen

A Nielsen survey on the Urban Middle and Rich (Umar) estimates a total of 2.5 million affluent households in India, of which 2.2 million belong to the Upper Middle segment, the Upper Upper Middle consists of some 0.2 million households and The Rich of about 0.1 million households. More...