Star Bazaar Archives - Inside Retail Asia

How to navigate Indian FDI regulations

Indian FDI regulations are among the most complex in the world.

Amazon India given nod to sell groceries

Amazon India has secured government approval to stock and sell food and groceries.

CPF India plans 150 new outlets

CPF India, a subsidiary of Thailand’s Charoen Pokphand Foods, plans to expand its network of chicken shops with 150 new outlets this year.

[:en]Tesco bullish on India[:zh]Tesco看好印度市场

[:en]The world’s second largest retailer Tesco is undaunted by the new political uncertainty in India. Tesco and its JV partner Trent of Tata Group remain on track to expand in Maharashtra and Karnataka, which, among other states, allow FDI in multi-brand retail. Trent and Tesco agreed to equally own Trent Hypermarket which operates ‘Star Bazaar’ and ‘Star Daily’ brands. “We firmly believe that our partnerships in both China and India will allow us to capitalise on these eno…

Tesco pins hopes on Asia

British retailer Tesco hopes its Asian investments will help its global operations bounce back. The challenging consumer environment in Europe has affected Tesco’s trading profit which dropped to 3.31 billion pounds (US$5.54 billion) in the year to February. “Our performance in the (last) year was not where we had planned it to be,” Tesco said in its earnings statement. “In the UK, we faced a weaker and increasingly competitive market in the second half,” said the group. However, Tes…

Tesco gets green light in India

India’s Foreign Investment and Promotion Board (FIPB) has approved English retailer Tesco to initially invest $110 million in the country. Tesco is taking 50 per cent stake in Tata Group’s Trent, operator of Star Bazaar supermarkets. It plans to expand the existing Star Bazaar network by opening up to five supermarkets a year. The retailer will be the first foreign multi-brand retailer to open in India, which struggles to attract foreign investments due to complex government legislation. …

Tata to sell four hypermarkets

India’s Tata Group, which owns Trent Hypermarket, is to divest four stores in states where foreign direct investment is still prohibited. The Indian government moved last August to open up its potentially lucrative retail sector to foreign companies to try to boost a sharply slowing economy. However, only 12 states have agreed to FDI. The move is in connection with its partner, British retailer Tesco, which plans to open multi-brand retail stores, and recently applied to initially invest $…