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Global
brand FUNKY FISH makes India debut; eyes 100 franchise
stores by 2011
After
establishing a strong retail foothold in Europe, the
Middle East and Africa, FUNKY FISH, a leading fashion
brand catering to young women and teenage girls, has
announced its foray into the Indian retail market. With
immediate plans to roll out 34 outlets this fiscal,
the company has set an ambitious target to open over
100 franchise outlets across the country by 2011 fiscal-end.
The company, according to its top official, will only
explore franchise route in its proposed retailathon
here. More...
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Dunkin
Donuts Korea steps into China
The
operator of Korea's Dunkin Donuts franchise is moving
into the Chinese market. BR Korea, which is an affiliate
of SPC Group, on Wednesday said that it signed a contract
with Dunkin Brands, the headquarters of the global chain,
to open stores in Beijing, Tientsin and Hebei Province,
agency reports. More...
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Threshers
franchisees form action group
The
majority of Threshers' franchisees have told the administrators
of First Quench Retailing (FQR), the off-licence chain's
owner, that they plan to resist any attempt to force
them into a sale to a purchaser of the business, agency
reports. More...
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Versace
luxury brands to expand in India
After
New Delhi, Italian luxury group, Versace, one of the
top brands and leading fashion design houses in the
world, may open a store in Bangalore and Kolkata. The
brand is scouting for viable opportunities in terms
of right kind of location and environment, the Financial
Chronicle reported, citing a senior company official. More...
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Marks
& Spencer on markdown drive
In
an attempt to shrug off its ‘unaffordable tag’ among
Indian consumers, UK-based retailer Marks & Spencer
is consciously marking down prices, reports Business
Line. More...
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Jyothi
Lab eyes Rs 25-crore turnover from laundry service biz
Jyothi
Laboratories, which started its door-to-door laundry
service with the launch of Fabric Spa, is looking at
a Rs 25-crore turnover from the new service in the next
one year. The Rs 451-crore FMCG company has invested
about Rs 35 crore in Fabric Spa in the initial phase
(covering Bangalore) and plans to invest Rs 60 crore
in the next phase of expansion when it will cover Chennai,
Hyderabad and Pune, reports Business Line. More...
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Priya
Entertainments plans 12 screens in Bengal, Bhutan
Kolkata-based
Priya Entertainments, so far into single screens, is
foraying into the multiplex business with 12 screens
in West Bengal and Bhutan. While Priya will not own
properties, it will run the multiplexes under management
contract. The company is looking into replicating the
model in other states after the run in West Bengal and
Bhutan, reports Financial Express. More...
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