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China, India to lead retail growth

China and India will be the countries showing the greatest growth in retail real estate in 2015, according to Colliers International’s 2015 Property Outlook. But emerging markets such as Indonesia are also benefitting from political stability, and most Asian markets are seeing solid growth in consumption. “The increased spending power of the younger generation, the rapid growth in middle-class families and the sustained pace of urbanisation across the continent have been the driving forces…

Foreign supermarkets continue to eye India

Foreign supermarket chains are making a beeline to India, sensing the immense growth opportunity of the country’s $500-billion retail sector. After the government allowed 51 per cent FDI in multi-brand retail in September 2012, many global retailers have moved to make their presence felt in the Indian market. They firmly believe in India’s economic growth story, which has paved the way for a flourishing middle class with rising disposable income, says researcher WallStAnalyst. Moreover, In…

Taiwanese Haoshi expands to India

Taiwan’s home decor brand Haoshi is entering India through an association with ST Unicom. The tie up allows ST Unicom, an established player in the furniture and home fashion market, to retail Haoshi’s entire product portfolio through its exclusive brand stores as well as online. “The home fashion market in India is ready for its big leap and the consumer is ready to go an extra mile for good living. Therefore, the organised home décor and accessories market has a huge opportunity her…

Louis Vuitton plans bigger India stores

French luxury brand Louis Vuitton will open bigger stores in India to expand its business there. Louis Vuitton now has five stores in the country since it debuted there a decade ago. It says it witnessed double digit growth for the past years. However, its pace of expansion has been slow due to lack of high street locations. It recently announced that it is shutting down its store at Bergamo Mall in Chennai and will merge its operation there with the Louis Vuitton Bangalore store. “A…

Future Group to buy supermarket chain

India’s largest retailer by revenues, Future Group, is planning to acquire supermarket chain Nilgiris. The Kishore Biyani-led company is reportedly in negotiation with Nilgiris’ majority owner Actis Capital. The acquisition of Nilgiris, which operates 140 supermarkets in South India, will help Future Group to scale up its grocery chain KB Fair Price. Last year, Future Group also snapped up Express Retail, which operates supermarket chain Big Apple, for an undisclosed amount. Future G…