Apparel

Gitanjali Gems forms JV with Italy`s Morellato

Opportunity India Desk Sep 29, 2017 - 1 min read

Jewellery retailer and manufacturer Gitanjali Gems Ltd has signed an equal joint venture with Italian jeweller and watch maker Morellato & Sector Group. The total investment in Morellato India Pvt Ltd, formed through Morellato`s subsidiary, Armo Netherlands Finance B.V., would be $15-20 million, Gitanjali Gems said in a statement. The venture would distribute watch and ...

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Carrefour to sell in India by 2009, opts for franchisee route

Opportunity India Desk Sep 29, 2017 - 1 min read

Carrefour has announced that it will roll out fully-owned stores to sell to wholesalers in India by mid-2009 even as the company is in talks with three Indian companies to open the French firm’s franchisee stores that will sell directly to Indian consumers. Carrefour has floated two separate units in India—Carrefour WC & C India ...

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Kamat to add 40 business hotels in smaller towns

Opportunity India Desk Sep 29, 2017 - 1 min read

Kamat Hotels (India) Ltd plans to add 40 business hotels in the next five years in tier two towns and villages to benefit from being the first mover, its top official said on Friday. The `VITS` hotels would come up in Maharastra, Goa, Gujarat and Madhya Pradesh under the models of ownership, long-leases, franchise and ...

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CyberLearning plans to appoint 500 testing centers for Microsoft

Opportunity India Desk Sep 29, 2017 - 1 min read

Next generation of credentials for Microsoft Office 2007 and Windows Vista to enhance and validate in-demand professional skills valued in business CyberLearning, the global leader in bridging the digital divide through eLearning has announced the launch of Microsoft Business Certification in the Indian sub-continent. This new global certification program for business professionals focuses on validating ...

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Westin Hotels & Resorts Gains Momentum in India

Opportunity India Desk Sep 29, 2017 - 3 min read

Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) announces agreements to manage three new Westin hotels in three cities in India. In Hyderabad, the biotechnology hub of India, Westin will open The Westin Hyderabad, Mindspace. The second new addition – The Westin Pune, Koregaon Park - will be in Pune, an emerging destination for banking ...

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Gloria Jean`s Coffees enters India

Opportunity India Desk Sep 29, 2017 - 1 min read

Gloria Jean's Coffees, one of world`s leading coffee chains, announced its foray into India in alliance with Citymax India, the hospitality arm of the Dubai-based retail giant Landmark Group at Franchise India 2007. The first Gloria Jean`s Coffees outlet would open in Mumbai in February next year and in New Delhi by June, after which ...

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UK`s Coffee Republic in talks with local firms for India entry

Opportunity India Desk Sep 29, 2017 - 2 min read

UK-based Coffee Republic Plc. is in talks with eight Indian companies to appoint an India franchisee that will bring the coffee chain to India as it looks to expand outside its home market. It hopes to finalize the deal in the first quarter of next year. The company is currently studying whether it should enlist ...

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Burger King set to open in India, jv with DLF

Opportunity India Desk Sep 29, 2017 - 1 min read

The world's second-largest burger chain, the US$ 2.3-billion US brand Burger King, is all set to enter the Indian market. The company has plans of tying up with the country`s largest real estate company by value, Delhi-based DLF, in a 51:49 joint venture. Regulations allow up to 51 per cent foreign direct investment in single-brand ...

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PE investors may acquire 15% in Nahar Retail for Rs 120 cr

Opportunity India Desk Sep 29, 2017 - 1 min read

Citibank, Deutsche Bank and Sequoia Capital are learnt to be negotiating with Ludhiana-based Nahar Industrial Enterprises (NIEL) to pick up 15-20 per cent in its wholly-owned arm Nahar Retail for Rs 120 crore. Nahar Retail owns Cotton County retail chain, which has 400 stores all over. Nahar Retail, which started the Cotton County apparel retail ...

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R India`s Trent to open 8-10 Sisley fashion stores next year

Opportunity India Desk Sep 29, 2017 - 1 min read

Indian retailer Trent Ltd will open between 8-10 of the Benetton Group's Sisley stores in the country next year, and is in talks with some international premium apparel brands for franchise agreements. The company, which is owned by conglomerate Tata, expects revenue of about 20 bln Indian rupees by 2010, which is more than three ...

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