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GFA
on expansion spree; eyes 100 outlets pan-India
Switzerland-based
retail brand franchiser Global Franchise Architects
(GFA), which owns quick service restaurant chains including
Pizza Corner, Donut Baker, Coffee World and Cream &
Fudge Factory, is planning to expand its network to
100 stores by the end of the fiscal, reports Business
Standard. More...
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Hope
Floats
Notwithstanding
a recent KPMG study that predicts slowdown in the retail
sector to continue for another 12-18 months, there are
encouraging signs of retail revival. The sector is now
in correction mode, shedding some of its flab accumulated
as a result of indiscriminate expansion. More...
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Bata
Malaysia to open 15 retail outlets within next two years
Bata
(Malaysia) Sdn Bhd, a well-known shoe manufacturer,
has plans to open 15 stores in the region within two
years as a part of its expansion strategy, agency reports. More...
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Marks
& Spencer opens Food to Go in Hong Kong
UK-based
retailer Marks & Spencer has opened Food to Go outlets
in Hong Kong -- the first time that the chain has sold
chilled foods outside the UK and Ireland in its 125-year
history, agency reports. More...
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Vishal
Retail asks banks to reduce rates on its debts
Reeling
under a debt burden of Rs 730 crore, New Delhi-based
Vishal Retail is talking to its bankers to slash interest
rates to half from the present 11.5 to 12 per cent being
paid by the company, reports Financial Chronicle. More...
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Godrej
bets big on Africa for hair colour business
The
Godrej group is looking at a major expansion across
the African continent as it attempts to capitalise on
the hair colours and hair accessories business across
the continent, reports Financial Chronicle. More...
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Formal
wear brands think younger
Several
formal wear brands are widening their category size
in the ready-to-wear market by undergoing a makeover
or launching sub-brands in other segments, reports Financial
Chronicle. The age-old brands that have chosen to have
a younger look include Allen Solly as well as Genesis
and Basics, whereas Peter England, Van Heusen and Louis
Phillippe have younger-looking and more fashionable
sub-brands, the report added. More...
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Railways
identify sites for commercial utilisation
Indian
Railways has started working on commercial utilisation
of the 112,000 acres in its land bank. It has identified
12 areas near existing stations across the states to
set up multi-functional complexes. Some of places earmarked
for such units include Katra, Haridwar, Alleppey in
Kerala, New Jalpaiguri and New Alipore in West Bengal,
reports Financial Chronicle. More...
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