Nandita Bose, Reuters Mumbai, October 9, 2013 * Wal-Mart to take over existing wholesale business in India * Wal-Mart will need new local partner to open retail stores * Wal-Mart can focus on supply chain for eventual retail entry Wal-Mart Stores Inc and Bharti Enterprises are breaking up their Indian joint venture, leaving the world's biggest retailer to go it alone in a country where it has struggled to build a bigger presence. Bentonville, Arkansas-based Wal-Mart, the world's largest retailer, will take over its Indian partner's 50 percent stake in Bharti Wal-Mart Pvt Ltd, which runs 20 wholesale stores under…
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Rashmi Pratap & Purvita Chatterjee, The Hindu Businessline Mumbai, October 9, 2013 It is the season of break-ups in the Indian retail space. In the last two months, three joint venture partners have decided to part ways in the market pegged at $520 billion. The reasons range from regulatory issues to alleged misconduct by one partner. But the real cause often is the distribution of profits and control over business, which can lead to the end of a partnership. While there have been many instances of partners calling off joint ventures in the past decade, the most recent ones are…
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Purvita Chatterjee, The Hindu Businessline Mumbai, October 7, 2013 In the late 1960s, when televisions were still unheard of in India, Nanu Gupta was busy setting up a store for consumer durables in the heart of Mumbai. Having worked with an Usha International distributor, he knew the nuances of the consumer durables business. He decided to strike out on his own by selling the same sewing machines and fans he had dealt with earlier. Funds were limited and so was space. Gupta borrowed Rs 2,000 from family and friends to set up his first store in Mahim in 1967. To…
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Rohit Nautiyal, Business Standard - The Strategist New Delhi, October 7, 2013 Thirty-year-old Ramesh Bhonsale, son of the owner of a big kirana store in Nagpur's Byramji Town, has become extra kind towards his father's customers lately. He often draws them into conversations explaining at length that they can now order groceries online and pay by cash. The delivery will be done within three to seven days. While most of the loyal customers of Bhonsale senior have heard his son out, a handful have placed orders on the tablet by routing a small portion of their monthly grocery budget to…
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Priyanka Goilikeri, DNA (Daily News & Analysis) Bangalore, October 7, 2013 How about some white chocolate mocha or caramel macchiato? Not really little-known names, but when they take pride in belonging to one of the largest coffee chains in the world, the urgency to try them out runs high. At a time when every international brand is trying to gain a foothold in Bangalore, American giant Starbucks is expected to jostle with the likes of homegrown Cafe Coffee Day, and imports like Costa Coffee, Barista, Gloria Jeans and Coffee Bean & Tea Leaf; in a market where drinking kaapi has…
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