Less than two months after it announced a joint venture with the world’s third largest retailer Tesco, Tata-owned Star Bazaar is looking to almost halve the size of its stores, said a executive in the know. Tata group-promoted Trent ... Business Standard India, 1 month ago
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Tesco has been powering Star Bazaar, Trent’s hypermarket for a couple of years. The Euro72-billion Tesco was a back-end partner and provided sourcing and technical knowhow. While announcing the formal joint-venture with Tesco last week (following the easing of retail FDI norms), Noel Tata, vice-chairman of the Tata’s retail arm, had said that the company’s understanding of the market along with the UK-based retailer’s expertise would allow them to leverage the potential ...Rediff.com, 2 months ago Tasco-Trend deal: New format stores will not be bigger than Star Bazaar First Post.com, 2 months ago Tesco-Trent deal: New format stores will not be bigger than Star Bazaar First Post.com, 2 months ago
A statement from the Trent said Tesco wanted approval to buy a 50 percent stake in the company, which operates its Star Bazaar hypermarket chain in the western state of Maharashtra and neighbouring Karnataka.First Post.com, 2 months ago Tesco needs to invest $55 mn in back-end if proposal okayed Rediff.com, 2 months ago Tesco plans to acquire 50% stake in Trent Hypermarkets India Infoline, 2 months ago
Trent says the tie-up will operate & build on its Star Bazaar stores Raghavendra Kamath | Mumbai December 19, 2013 Last Updated at 00:49 IST email this article Message: Your Email: Send me a copy: Recipients' Email: Type address separated by commas Enter the ...Business Standard, 2 months ago
through an exclusive franchise agreement with Tata Group, who own Mumbai-based retail banner Star Bazaar and today sources over £300m worth of products from the country via its sourcing offices in Bangalore and Delhi. Until now the partnership in ...IGD Retail Analysis, 2 months ago India clears Tesco's $110m investment Fast Moving, 2 months ago Tesco's $110m Investment Approved By Indian Government Global FoodMate, 2 months ago Tesco share price: Grocer's India expansion given green light Invezz, 2 months ago
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Companies such as Future Retail, Shoppers Stop and Trent will continue space optimization, said India Ratings and Research. Photo: Ramesh Pathania/Mint Mumbai: Indian retailers will expand, in terms of space, at a lower rate in 2014-15 than they ...Livemint.com, 1 month ago
Union minister for Commerce and Industry Anand Sharma said on Monday Karnataka and Maharashtra would be the first states to benefit from foreign direct investment in multibrand retailing. The first such proposal in the sector has come from the joint venture between Tata-Trent and Tesco Plc, which will open outlets simultaneously in these two states. About half of the first tranche of investment will go into the back-end, for creation of infrastructure such as cold chains, grading, sorting and ...Rediff.com, 2 months ago
Related to : Trent Ltd Trent Ltd BSE 02 Jan 14 | 12:00 AM 1206.00 -24.25 (-1.97%) NSE 02 Jan 14 | 12:00 AM 1205.65 -23.05 (-1.88%) UK's top retailer and the third-largest in the world, Tesco, is in the news not just for being the ...Smart Investor, 2 months ago FDI rules may stump even Indian chains Business Standard India, 1 month ago Tesco gets green light for Indian chain RAC Magazine, 2 months ago
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BENGALURU: The Tata group's department store operator Trent Limited spent the second highest amount of Rs.8.56 crores in Q3-2014 amongst the preceding seven quarters towards advertising and sales promotion (Ad Spend). Earlier, during Q3-2013 the ...Indian Television, 3 days ago
International retail giant Tesco’s USD 110-million or Rs 700-crore ( Rs 70 billion) investment proposal, the first by a foreign chain to operate multi-brand retail stores in India, is likely to take time. This is because of the Centre’s condition that Tesco’s Indian partner, Trent Hypermarket, must first divest stake in its ‘Star Bazaar’ stores across states opposing foreign investment in multi-brand. The Star Bazaar stores that Trent, a Tata group entity, needs to ...Rediff.com, 1 week ago Tesco's FDI plan may hit regulation speed hump Business Standard India, 1 week ago
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