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Tesco, Tata invest US$9 million in Indian JV

British multinational groceries and general merchandise retailer Tesco and Indian multinational automotive manufacturer Tata Motors have both invested another US$8.9 million into their Indian Joint Venture Trent Hypermarket.

Tata subsidiary sells two giant Indian malls

Two giant Indian malls, in Nagpur and Amritsar, have been snapped up by Virtuous Retail South Asia for US$100 million.  The 1 million sqft Amritsar centre and 700,000 sqft Nagpur property were bought from Tata Realty and Infrastructure’s Trilium shopping mall portfolio, according to a report on Livemint. Virtuous, which is building a portfolio of Indian malls, is the retail development subsidiary of investment compan…

Tata launches steel retail store for consumers

Indian steel manufacturer Tata Steel has launched a steel retail store called Steeljunction in an attempt to create new paradigms in the industry for B2C consumers.

Starbucks India caught profiteering from tax cut

Starbucks India could be fined after failing to pass on a hefty GST cut to its customers.

Tata Starbucks marks anniversary with 100th store

Marking its fifth anniversary, Tata Starbucks has opened its 100th coffee shop, in Mumbai.

Buyout deal for Belle International footwear

Two private equity firms have offered to buy Belle International in a deal valued at HK$53.1 billion (US$6.8 billion).

Profit fall of 19.8pc for Belle International

Belle International had a 19.8 per cent profit fall for its latest six months, with its revenue edging up 0.9 per cent.

Zara India cuts prices as rival arrives

To be more affordable for the market, Zara India has cut its merchandise prices by 10 to 12 per cent.

Belle boosts Mainland store network

Apparel and footwear retailer Belle International Holdings says it has opened a net 278 new retail points of sale in Mainland China during the 12 months to November 30.

Belle troubled by shopper drift

Chinese footwear retailer Belle International has boosted profit despite sluggish sales in its home market. First half results released today who a 7.6 per cent rise in net profit in the six months to August 31. But the company has warned investors sluggish sales lie ahead in a retail climate it describes as tough and under a growing competitive threat from online retailers. Belle is China’s largest footwear retailer, distributing brands including Puma, Converse, Nike and adidas. I…

Starbucks to hit India thru JV

Starbucks pursues joint venture with Tata Coffee.

Woolworths, Tata kiss and make up

Australian retail giant reportedly renews its deal with India’s Tata Group after dispute threatened to end relationship.