Sarah Jacob , The Economic Times Bangalore, 23 May 2012 American doughnut maker Krispy Kreme has flagged off its India plans barely a week after rival Dunkin' Donuts opened shop in the country, setting the stage for a doughnut onslaught in a country that loves pizzas and burgers as much as dosas and pav bhajis. Krispy Kreme Doughnuts, which operates around 700 stores worldwide, signed its first franchisee deal in India with Bedrock Food Company to open 35 Krispy Kreme outlets in North India in five years, the US firm announced last week. New Delhi-based Bedrock also holds franchisee rights…
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ET Bureau, The Economic Times Bangalore, 10 May, 2012 Dutch retailer Spar International and Dubai-based Landmark Group's Max Hypermarkets have decided to part ways in India by the end of this year after the two developed differences over expansion strategy. While Spar was keen on partnering multiple national and regional retailers to expand in the country, Max Hypermarkets wanted a strategic investor for the business, Dr Gordon Campbell, managing director of the 31-billion euro (approx 2 lakh crore) Spar International, said. The companies will now pursue separate growth plans in the country, they said in a joint statement. Max Hypermarkets…
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Fashion United Mumbai, 9 May 2012
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Roudra Bhattacharya, Priyanka Pani, The Hindu Businessline Mumbai, 9 May, 2012 What really went wrong with the way Reebok was run? According to a top North India-based distributor, the franchisee model running for the last few years was flawed. “Some stores were picked on very high rental, so the sales were lower than the cost of running the outlet,” says a distributor, who preferred anonymity. Reebok's contract with the franchisees worked on a minimum guarantee (MG) basis, which meant that to encourage network expansion, a certain income was guaranteed to each outlet, regardless of sales. However, this model had the…
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Vishal Krishna, Businessworld Bangalore, 5 May, 2012 It is not just a marriage of convenience; there could be love involved, too. Aditya Birla Nuvo (ABN), with annual revenues of $4 billion, a mini-conglomerate within the $35-billion Aditya Birla Group, has acquired a portion of Pantaloon Retail India’s (PRIL) lifestyle business. Eighty-six Pantaloon fashion retail stores will form part of a new entity, controlled by ABN, which will be automatically listed on the BSE and the NSE. A Future Group official says that ABN has acquired a minority stake by subscribing to Rs 800 crore worth of convertible debentures, which will…
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