Tata Group Archives - Inside Retail Asia

India’s Tata Group to launch fast-fashion chain

Zara’s Indian partner Tata Group is launching its own fashionable apparel chain in the territory with prices well below Zara levels.

How to navigate Indian FDI regulations

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

Starbucks India helping Tata Group internationally

Starbucks India is helping lift international exposure for India’s Tata Group brands.

Luxury fashion link for TataCliq.com

Tata Group’s new eCommerce platform TataCliq.com will form a strategic partnership in India with Genesis Luxury Fashion.

Montblanc’s new India partner

Tata Group subsidiary Titan Group has formed a new JV with Montblanc to retail pens in single brand retail stores in India.

Gloria Jeans India partnership ends abruptly

Gloria Jeans’ Indian master franchise agreement has come to an abrupt end with stores closed or converted into other brands. The Australian coffee chain which was recently bought by listed QSR specialist Retail Food group, launched in India in the first quarter of 2008 with franchisee Citymax, a division of Dubai-based Landmark Group. The plan was to build a network of 50 stores, but Citymax stopped at 27, before scaling back to 22. The coffee cafe sector in India is growing fast, but…

Zara stumbles in India

Spanish fashion company Inditex is finding India tough going now the novelty of Zara’s debut there has worn off. Despite India’s rapidly growing middle class – and their burgeoning spending power – the joint venture retailing the Zara brand has reported its first decline in profit and its slowest sales growth since it entered the country in 2009. Local analysts are blaming the weak Indian currency, “waning” novelty factor, discounting and the ongoing cost of expanding the store net…

Tesco to open Indian multibrand stores

British retailer Tesco says it is to open up to eight multibrand stores in India this year. The multibrand stores are planned for Maharashtra and Karnataka, two states which allow FDI in retail, and will be operated in partnership with Trent of Tata Group. Tesco and Trent, in March, agreed to equally own the Trent Hypermarkets, which has 12 existing stores under banners Star Bazaar, Star Market and Star Daily in the two states. The expansion comes at a time when rival Walmart announced …

[: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…

Indian brand makes it to the top retail brands

Jewellery label Tanishq is the only Indian brand on Interbrand’s annual APAC retail rankings. Tanishq, with a brand value of $670 million, has made it into the top 30 Best Retail Brands in Asia Pacific, ranking 13th. It is a division of Titan Company, a company promoted by Tata Group, one of India’s largest conglomerates. “It is indeed heartening to see an Indian brand figure in the Best Retail Brands league table,” said Interbrand India MD Ashish Mishra. “The retail space in India …

Tesco mum about Indian plans

British retailer Tesco is mum about its plans for India after the Bharatiya Janata Party released a manifesto opposing foreign multi-brand retailers. Tesco, in March, formed a joint venture with Indian retailer Trent, a part of Tata Group, to operate ‘Star Bazaar’ and ‘Star Daily’ stores in south and west India. When asked about the details of their expansion plan, both partners declined to give their comments. “The FDI policy doesn’t encourage any foreign retailer to make investments i…