Bata India to adopt franchise model next year

Shoe maker Bata India Ltd has announced plans to roll out franchise-modelled stores from next year onwards. The company, which runs over 1,200 stores pan-India, intends to open atleast 60 Bata stores in India each year. More...

McDonald's to quit Iceland

McDonald's is to close its business in Iceland because the country's financial crisis has made it too expensive to operate its franchise. The fast food giant said its three outlets in the country would shut - and that it had no plans to return, agency reports. More...

UAE sheikh's bid for Lacroix delayed

A French tribunal has adjourned hearings on a bid by an Emirati sheikh to take over Christian Lacroix, four months after the couture house filed for bankruptcy, agency reports. More...

China's Baoxiniao to raise CNY800 million for new stores

Chinese apparel maker and retailer Baoxiniao has announced plans to raise up to CNY800 million finance for the opening of 178 new stores by issuing new shares, agency reports. More...

‘For sale’ sign at Vishal, promoter may leave

Vishal Retail promoter RC Agarwal may have to forego the company he founded, as the debt-ridden retailer tries to bring in a strategic investor, a condition set by its bankers before they kick in a corporate debt restructuring (CDR) plan. Meanwhile, the company is in talks with two potential investors, including a retailer, which could result in the first distress sale in the Indian organised retail space, Economic Times reported, citing a senior Vishal executive. More...

Future Group to hive off Big Bazaar

Pantaloon Retail (India), the flagship of the Future group, has finalised a plan to spin off its value retail business -- discount store chains such as Big Bazaar and Food Bazaar -- into a subsidiary in a bid to unlock value by offloading a stake in the group’s largest business and grow it independently, reports Economic Times. More...

RIL retail ventures yet to enter profit zone

Reliance Retail (RRL) and Reliance Fresh, two subsidiaries of Reliance Industries in the retail sector, suffered losses as the textiles-to-oil major sought to build market share and expand its presence in one of the world’s fastest growing economies, reports Economic Times. More...

Landmark opens second outlet in Hyderabad

Book and music retailer Landmark has announced the launch of its second store in Hyderabad. Sprawled across 40,000 square feet, the new Landmark store with its exhaustive collection of books, music, movies, toys, stationery, gaming, tech, gift items and magazines promises to offer shoppers with a refreshing shopping experience, according to a company press release. More...