Auchan and another French retailer, Carrefour, exited India in 2014 About three years after it exited the Indian market, French retailing major Auchan Group is keen to return if the government allows “food plus” in foreign direct investment (FDI) in retail, official sources said. Executives of the company recently met senior officials of the ministry of food processing industries (MoFPI) and expressed interest in coming to India, in case the FDI norms are relaxed, the sources said. Rediff.com, 5 days ago
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Customers are increasingly preferring functional jewellery over bulky sets, says an industry expert."Functional jewellery is indeed superseding the elaborate sets. In keeping with this trend, we primarily focus on contemporary light wear jewellery that ...Prokerala, 2 weeks ago
Analysts and sector experts pin this trend down to the aspirational nature of home and personal products. Viveat Susan Pinto reports. IMAGE: Inside an Amul processing unit. An expert says, "What MNCs have is globally-tested best practices and formulations that work well in home and personal care. Products are uniform across markets. In food, uniformity doesn't help. It is local tastes and preferences that work."Photograph: Amit Dave/Reuters. India's nearly 3 lakh crore consumer goods ...Rediff.com, 2 weeks ago
Saks sells luxury brands such as Jimmy Choo, Giorgio Armani, and Tod’s, besides premium brands such as Fila and Puma. American luxury department store chain Saks Fifth Avenue may have to alter its merchandise and store size according to Indian market, say retail experts. The retailer owned by the oldest commercial corporation in North America, Hudson’s Bay Company, is in talks with the Aditya Birla group for opening stores in India, according to media reports. These stores are ...Rediff.com, 3 weeks ago
The BJP Monday declared its first set of 64 candidates for the Uttarakhand assembly election. The 70-member assembly goes to polls on 15 February. Interestingly, 12 former Congress leaders have been allotted tickets by the saffron party. They include seven of ...catchnews.com, 2 months ago
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