joint venture Archives - Inside Retail Asia

Ralph Lauren in Indian deal

American fashion designer Ralph Lauren is reportedly in talks with Indian company Madura Fashion and Lifestyle to develop its brand in the country. The two companies are said to be in discussions to forge a joint venture. Should the plan proceed, Ralph Lauren will add to Madura’s growing portfolio of foreign brands including Louis Philippe, Van Heusen, Peter England and Allen Solly. Ralph Lauren designs, markets and sells high-end men’s, women’s and children’s apparel, accessories, frag…

Tesco forms Indian JV

British retailer Tesco has confirmed a joint venture with Indian company Trent, part of Tata Group. Tesco has invested around £85 million ($140.2 million) to own 50 per cent stake in Trent Hypermarket, which will operate 12 stores under the ‘Star Bazaar’ and ‘Star Daily’ banners across the Southern and Western regions of India. The stores will sell a range of merchandise including food and grocery, personal and home care products, home and kitchen, fashion and accessories. Sinc…

Celio raises ante in India

French menswear brand Celio’s proposal to fully own its India business has been approved. Celio plans to take 100 per cent control of its joint venture, Celio Future Fashions, with Future Group. It has already raised its stake in the JV from 50 per cent to 65 per cent and now plans to increase its store network. “Our aim is to expand this presence and make the brand more accessible to customers. Along with the major metropolitan cities, we aim to grow stores in second-tier cities as well,”…

It’s definite: Tesco, CRE in JV

British retailer Tesco will pay $558 million to own 20 per cent of a joint venture with China Resources Enterprises (CRE). The JV, flagged two months ago, will combine Tesco’s 134 Chinese stores with CRE’s 2986 stores. It will also merge Tesco’s retail practices, international sourcing and digital capabilities with CRE’s local knowledge and brand to create a business with sales of some £10 billion. Tesco CEO Philip Clarke said the JV will help the company move more quickly to profitabi…

Aeon forms Malaysian JV

Japanese retail giant Aeon and Thailand’s Index Living Mall have joined together in a Malaysian joint venture. Aeon and Index Living Mall will own 70 per cent and 30 per cent, respectively, of the joint venture called Aeon Index Living Sdn Bhd. The JV plans 20 stores by 2020 with the first to open next year. Index Living Mall is a successful furniture chain likened by some as an Asian answer to Sweden’s Ikea. For Index Living Mall, which operates special malls entirely devoted to sel…

Muji signs Thai JV

Japanese retailer partners with Central Department Stores.

Villeroy & Boch signs Indian JV

German luxury tableware manufacturer partners with Genesis Luxury to open India stores.

Tesco seeks Chinese partner

British retailer says China is an important market; seeks JV.

Furla takes on China

Italian fashion company enters joint venture with Hong Kong-based Fung Group to open 100 stores in China.

Ferragamo raises stake in Asian JV

Italian luxury goods company acquires additional stake in the distribution joint venture with Hong Kong-based company.

Parkson hits Myanmar

Parkson to open stores in Myanmar through JV.

Radioshack to open in China

American electronics retail chain Radioshack enters JV with China’s Cybermart.