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Mystic
Cures eyes expansion via franchise model
According
to media reports, hospitality and wellness chain Mystic
Cures is set to adapt franchise business model for its
Spa & Salon properties across the country. The company
target to have 24 franchised outlets operating in north
India in the next 12 months. At present, it has two
company-owned properties in Delhi-NCR region. More...
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Victoria’s
Secret unveils plans for launch in UK and Europe
US
fashion and beauty giant Limited Brands has outlined
plans to open Victoria’s Secret stores in strategic
markets including the UK as part of an international
expansion drive. The retailer also intends to set up
a dedicated European retail site for the brand and is
seeking a “best in continent” franchise partner to launch
its cosmetics chain Bath & Body Works, agency reports. More...
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California
Pizza Kitchen 3Q profit jumps
Restaurant
chain California Pizza Kitchen said it boosted third-quarter
profit by nearly 17 per cent by cutting costs and expects
18 new stores to open next year, agency reports. More...
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Wal-Mart
chief knocks at PM's door
Wal-Mart
Stores Inc’s chairman S Robson Walton sought lifting
of a ban on foreign investment in India’s retail industry
in a meeting with prime minister Manmohan Singh, the
Economic Times reported, citing people familiar with
the matter. More...
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Government
rules out multi-brand FDI in retail
The
Indian government has once again ruled out the possibility
of allowing international multi-brand retailers to enter
the country, saying it will stick to the current single-brand
foreign investor model. More...
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Wipro
acquires Yardley's biz for Rs 210 crore
To
boost its consumer care and lighting business, which
contributes close to 9 per cent to its top line, Wipro
has acquired the business of Yardley in Asia, West Asia,
Australasia and certain African markets from UK-based
Lornamead Group for $45.5 million (around Rs 210 crore).
The transaction is expected to be completed by mid-December
and revenue would start flowing from the March quarter,
reports Business Standard. More...
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Fenesta
announces pan-India retail foray
Fenesta
Building Systems, a division of Rs 3,500 crore DSCL
Group, has announced its foray into retail operation
across the country. The company has set up stores in
New Delhi, Mumbai, Bangalore, Mangalore, Chennai and
Bhubaneswar to display the entire range of Fenesta Windows
including sliders, casements, tilt and turn, bays and
combination windows, according to a company press release. More...
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Movie
rental company Seventymm appoints new CEO
Seventymm.com,
a leading movie rental company, has announced the appointment
of Mudit Khosla as its new chief executive officer.
In his new role, Khosla will be responsible for developing
and executing company's long term growth strategies,
launching new initiatives and developing new earning
opportunities, thereby capitalising on the Rs 100 crore
fund raised from Matrix Partners India, Draper Fisher
Jurvetson and NEA Indo-US Ventures. More...
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