DIL signs JV with GMR Group to roll out food retail chain

Devyani International Ltd (DIL), the Indian franchisee of global food retail chains Pizza Hut, KFC and Costa Coffee, has reportedly entered into a joint venture (JV) with GMR Group to set up multiple food retail outlets at the Delhi International Airport. More...

Ruby Tuesday posts higher profit

Ruby Tuesday Inc, the US-based quick service restaurant franchise, reported higher quarterly profit after cost controls helped offset falling sales at the chain's established bar and grill restaurants. More...

Abu Dhabi group inks deal with Carrefour

Baniyas Investment and Development Company (BID), the investment arm of Bani Yas Sports Club, has signed up leading French chain Carrefour as the anchor hypermarket for its destination mall at Bawabat Al Sharq in Bani Yas, Abu Dhabi, agency reports. More...

Pantaloons to sell stakes in three arms to PE investors

Kishore Biyani-led Pantaloons Retail (India), the country's largest retailer, intends to raise Rs 500 crore by selling minority stakes in its three subsidiaries -- Future Logistics Solutions, Future Learning & Development (FLDL) and Future Knowledge Services (FKS) -- to private equity investors, reports Financial Chronicle. More...

Bata to open 60 new stores every year pan-India

Footwear major Bata India said it will open 60 stores every year to reach out to customers across India. "We will open 60 new stores every year across the country. These stores will operate in a four-tiered retail format under a new retail model-up-market flagship stores, smart and trendy city stores and super-stores and traditional family stores," said Marcello Villagran, MD, Bata India. More...

No acquisitions this fiscal: Dabur

FMCG company Dabur said its acquisition plans are unlikely to happen this fiscal as it is still scouting for potential targets, but is hopeful that it could make a buyout next year. More...

Tata Coffee says no to café retail

Even as the café retail business is seeing a growth of 30 per cent per annum in India, Tata Coffee has no plans of re-entering the café retail business, reports Financial Chronicle. More...

LG to invest Rs 25 crore in home appliances category

Consumer durables major LG Electronics said it will invest Rs 25 crore in promotional activities of its home appliances during the festive season, as it targets a 30 per cent share in the segment by next year. More...

Diwali shopping to remain unabated despite slump: Survey

Shoppers are planning to welcome the festive season with renewed optimism as 45 per cent of Indians surveyed are expected to spend more during the upcoming holiday season than last year. More...