Tag: mumbai

Retail Asia03/03/2016
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1min
Pincon Spirit Ltd today said it has acquired Singapore-based Orbitol Solutions, engaged in merchant trading and agriculture business. The company’s business is dispersed through Southeast Asia. Pincon Spirit did not disclose financial details of the transaction, but plans to make Orbitol Solutions its subsidiary. It has also signed a pact for taking over of three […]

Retail Asia01/03/2016
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3min
Mall of Qatar has won the Retail Leadership Award in the real estate category at Asia Retail Congress 2016 held recently in Mumbai, India. On behalf of Ramez al-Khayyat, managing director of UrbaCon Trading & Contracting (UCC), the award was received by Siva Kumar, estimation and proposal director of UCC, and Patrick Hage-Chahine, PR and […]

Retail Asia05/02/2016
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2min
Mumbai Metropolitan Metro has the highest potential for modern retail in the country at Rs 1.05 lakh crore, followed by Delhi-National Capital Region, which has total potential of Rs 77,900 crore, according to Knight Frank & Retailers Association of India’s ‘Think India. Think Retail. 2016’ report. Bengaluru is third in the list, with potential of […]

Retail Asia03/12/2015
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3min
Indonesia will be promoting “Wonderful Indonesia,” its country branding, in Mumbai, India, from December 2-4, 2015 in order to market tour packages featuring attractive cultural performances and festivals. Assistant Deputy for Asia Pacific Market Development, Ministry of Tourism, Taufik Nur Hidayat, said here on Wednesday that India is a potential market as most Indian tourists […]

Retail Asia09/11/2015
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2min
Indian retailer Malabar Gold and Diamonds says it will open 22 new stores in India, the Gulf and ‘the Far East’ over the next six months. New showrooms will be opened in Hong Kong and Indonesia as part of the plan, but there are no details as yet on timing or exact location. To help […]

Retail Asia06/10/2015
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3min
KidZania, the global chain of role-play centres for children, will invest over US$15 million in a facility in Delhi-NCR, CEO Sanjeev Kumar, has said. “The project funding will be done through 70 per cent equity and 30 per cent debt, Kumar said. The new KidZania will be located on a 147-acre facility in Noida and […]

Retail Asia28/08/2015
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1min
Fashion denim brand G-Star Raw says it is considering forays into Malaysia and Vietnam after a successful debut in India. G-Star recently opened its first Indian store in Mumbai’s Palladium Mall and plans a network of up to 35 stores by 2020 in partnership with local venture Genesis Luxury. “India is an emerging powerhouse, and […]

Retail Asia06/08/2015
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4min
Global turmoil may have forced many foreign banks to exit non-profit making India businesses but Singapore-headquartered DBS Bank has a different story to sell: retail banking. The lender is now planning to expand its retail footprints through remittance business between Singapore and India, and domestic secured and unsecured loans business. DBS is the only bank […]

Retail Asia17/07/2015
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2min
Ikea India has acquired the land for the first of 25 stores planned for the country. The Swedish home furnishings company says the 13 acre site is located close to the IT hub Hitec City and is close to public transport, including a metro line under construction. Further details were scant, except that the land […]

Retail Asia23/06/2015
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2min
Japanese minimalist retailer Muji will open its first shops in India by the center of subsequent yr. Muji has sealed a cope with Reliance Industries to create an Indian operation, turning into Reliance’s 19th worldwide retail model. Muji’s information comes as fellow Japanese retailer Uniqlo is in discussions with potential companions to enter India. Famend […]

Retail Asia18/06/2015
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3min
Reliance Retail would launch a B2B digital market to allow small retailers to transact on-line, chairman Mukesh Ambani stated at Reliance Industries’ 41st annual common assembly at this time. “We’re rolling out the Reliance Digital Market platform to allow hundreds of thousands of small retailers and supply them with an enhanced provider base and product […]

Retail Asia05/06/2015
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2min
Hole has lastly made its debut in India – opening its first retailer at Choose Citywalk in an upmarket suburb of Delhi on Saturday. India represents one of many final remaining main creating markets the US informal attire model had not entered. It trails Zara by 5 years however nonetheless arrived forward of Uniqlo and […]

Retail Asia20/02/2015
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6min
More than 10 Indian shopping malls have been shuttered or converted into office space in the last two years – most of them in Mumbai. And more – like the Nirmal Lifestyle Mall in Mulund, central Mumbai, and Centre One, the oldest mall in Vashi, New Mumbai – have announced its imminent closure. Nirmal, which […]


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