With the retail industry in India starting to look up again, franchising business is expected to grow by 35 percent in the next fiscal year. In 2009, about 80 new brands – including Pollo-Camper…
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Indian textile company SEL plans new INR800 crore factory as part of expansion
Indian textile company SEL Manufacturing Company Ltd plans to set up an INR800 crore (INR8 billion, USD176 million) textile plant near Bhopal, Madhya Pradesh, as part of its expansion strategy. SEL ch…
Australia: Oroton has sales growth in the bag
Upmarket boutique chain Oroton has defied tough trading conditions that have plagued other retailers to deliver a 24 percent increase in interim net profit to AUD15.4 million (USD14.2 million).
CEO Sa…
Japan protests over tuna ban plan
There has been protest in Japan over a proposed ban on international trade in Atlantic bluefin tuna, a day after the European Union agreed to back the plan.
Wholesalers held a protest at Tokyo’s…
Indonesia: Firms given two years to come clean
The Indonesia government has warned companies operating without environmental standards to start complying with environmental regulations, giving them a two-year grace period before it starts revoking…
French Connection to sell Nicole Farhi and scale back US retail
French Connection is selling its loss-making designer label Nicole Farhi and closing most of its eponymous US shops following a strategic review.
To view the full article (note: you must be a Dra…
Taiwan: SMIC to cut 10 percent of employees
Semiconductor Manufacturing International Company, China’s top foundry chipmaker, plans to downsize 10 percent of its workforce in a move to accelerate its progress towards profitability, accord…
Australia: Myer warns of weak H2 sales growth
Myer Holdings, Australia’s largest department store chain, posted a 38 percent rise in first-half net profit before one-off costs on 11 March and warned second-half sales would be weak.
Net prof…
Report: Global womenswear industry guide
Research and Markets’s new report, Womenswear: Global Industry Guide, forecasts the global womenswear market will have a value of USD627 billion in 2013, an increase of 18.1 percent since 2008. …
Seiyu aims to expand network of retail outlets
The new helmsman of supermarket chain Seiyu GK, a wholly owned unit of Walmart Japan Holdings GK, says he intends to expand the network of Seiyu stores in Japan by deviating from the policy of focus…