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Reliance in advance talks to bring Armani’s luxury café to India

Reliance Retail is scouting for spaces in luxury malls in Mumbai and Bengaluru to open Armani/Caffè thereNew Delhi: Reliance Retail is in advance talks with Milan-based luxury company Armani to bring the Michelin-starred Armani/Caffè to India, two people familiar with the development said.As...

PE into Indian retail pauses in 2020 amid COVID-19, 2021 looks promising

Indian retail sector was one of the worst-affected due to COVID-19, which in turn impacted private equity investments into the retail sector in 2020. The year was almost dry for the retail sector in 2020 as against 2019 when...

Shopping malls introduce 'contactless dining' to revive business and footfalls in food court

After more than 75 days of lockdown, the shopping malls finally opened up pan India. Since the retail industry has been opening up in the ‘Unlock’ phases, the malls are slowly returning to normalcy in some segments, as far...

SCAI presents SOPs and guidelines to Govt to reopen malls

On Wednesday, Shopping Centres Association of India (SCAI) presented SOPs and guidelines to the policy makers of ‘Empowered Group 6’ just before FM’s announcements The group chaired by Amitabh Kant, CEO, Niti Aayog patiently heard and seemed convinced with the...

SCAI Virtual Roundtable: The Future of Shopping Centres Post COVID-19

The Shopping Centres Association of India (SCAI), organised its first virtual roundtable – 'Future of Shopping Centres'. The inaugural session was the first in the webinar series called ‘SCAI Mondays’. Hosted by Amitabh Taneja, Chairman, SCAI and moderated by Anuj...

New coronavirus SOP to inflate retailers' cost up to 35 percent: Rakesh Biyani

The operating cost of retailers would increase by up to 35 percent after following the new standard operating protocol (SOP), which includes implementing social distancing and a token system at stores, introduced in the wake of coronavirus pandemic, Rakesh...

Phoenix Mills acquires retail asset in Indore for Rs 234 crore

Phoenix Mills said it has acquired an under construction retail asset in Indore for Rs 234 crore.According to a PTI report: The acquisition has been done through its 100 percent subsidiary Insight Hotels and Leisure.Phoenix Mills has acquired the...

Phoenix Mills buys back stake in four malls for $210 million

Retail developer Phoenix Mills Ltd is buying back stake from various investors in four of its mall projects for approximately Rs 1,350 crore, making it the sole owner of the assets. "Once the firm pays the last tranche of Rs...

Winning Ideas Win Big at India Shopping Centre Awards 2017

For Shopping Centres in India, probably the steepest learning curve was moving from the reliance on the ‘find great brands and the customers will come’ approach, to creating sophisticated social campaigns, building customer databases and laying the foundations for...

Spykar: Raising the Bar

Incepted as a denim manufacturer in 1992, Spykar today has earned for itself strong brand equity as india’s leading young fashion retailer. Even as denim remains its core product, the Company has continued to add a range of products...
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Former HUL CEO Mehta teams up with PE fund L Catterton for India-focused JV

Mehta will serve as the executive chairman of India for the vehicle from 4 April onwardsMumbai: Former Hindustan Unilever...
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