Marks & Spencer
Retail
M&S walks out of Taiwan
After 14 months of operations in the country, Marks and Spencer has decided to close all its stores in Taiwan.Three stores will be shut in the next few weeks after they failed to attract enough shoppers. The company is...
Retail
M&S to end franchisee agreement with Planet Retail
After the Foreign Investment Promotion Board (FIPB) had allowed Marks and Spencer an induction of 51 per cent foreign direct investment (FDI) for single-brand retail trading in the country, the UK-based retailer has decided to conclude its six-year-old franchisee...
Retail
M&S, Giordano and Pearle Europe’s FDI proposals cleared
According to the Press Information Bureau’s release, based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 24, 2008, Finance Minister P Chidambaram has approved Giordano Fashions (India) Pvt. Ltd’s proposal to establish...
Retail
Reliance Retail to focus on rural prosperity
Reliance Retail Limited (RRL), the retailing arm of the Mukesh Ambani-led Reliance Industries, has said that bringing in prosperity to the underprivileged rural populace of India remains its prime motive in the coming five years.Speaking at the company’s 34th...
Retail
Maspar launches ninth exclusive outlet
Home fashion brand Maspar has launched its ninth exclusive store at Ishanya Mall, Pune. Spread across 3,000 square feet, the store will retail the entire range of Maspar.Speaking at the launch, Rajesh Mahajan, founder and managing director, Maspar, said,...
Retail
Retail majors pledge to save enviornment
Retail giants including Asda, Sainsbury's and Tesco are set to announce a new, industry wide set of climate change pledges.It is the first time the sector has come together to make such a wide range of pledges.British Retail Consortium...
Retail
Planet Retail might lose M&S franchise
The UK-based Marks & Spencer (M&S), which is present in India through a franchise agreement with Planet Retail, might consider closing down the deal as the company has recently signed a joint venture with Reliance Retail to set up...
Retail
RRL to be a listed company
Mukesh Ambani-led Relaince Industries did not reveal financial figures of its retail vertical Reliance Retail Ltd (RRL) in its FY2007-08 results release, as the company is not listed and is not liable to share its financial results in public.Contacted...
Retail
M&S partners Reliance Retail to form Tapti
Aiming to establish Marks & Spencer as a major retail brand in India, the UK-based Marks and Spencer Group has entered into a joint venture with Reliance Retail, the retailing arm of Reliance Industries, to form Marks and Spencer...
Retail
About 300 global retailers want to be in India
About 300 global retailers including J Sainsbury and Marks & Spencer are actively looking at the Indian market, or have already opened a store here in 2007,” says the latest research by CB Richard Ellis.According to the report, almost...
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FSSAI to launch quality check of food items like dairy products, spices, fortified rice
FSSAI carries out various pan-India surveillance on various food products to assess the compliance status of implemented regulationsNew Delhi:...
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