User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Big Bazaar
Last updated: Sep 14 2017 21:40 IST RSS 2.0
 
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How Kishore Biyani got back his magic touch 14.9.2017 Rediff: Business
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
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Investors cheer as Kishore Biyani gets mojo back 13.9.2017 All Markets Stories
The image of Kishore Biyani, the poster boy for retailing, took a hit when he had to sell his Pantaloon Retail flagship to the Aditya Birla Group in May 2012, to prune debt. With Biyani fighting back, things have changed. The stock of his flagship, Future Retail (FRL), has risen 317 per cent in 2017 so far, to Rs 536 on the BSE. This is the most among retailing companies, indicating Biyani has got back his magic touch as his company adopts an asset-light model. In fact, the share prices of most of his Future Group companies have increased sharply in 2017, by 200-345 per cent. Avenue Supermarts (the D-Mart chain) listed in March and has risen 264.7 per cent to Rs 1,090, from its issue price of Rs 299 a share. FRL, which operates Big Bazaar, Easy Day, fbb, Foodhall and eZone, is now in talks to acquire the Shoppers Stop-backed HyperCity. This could be the third major acquisition by FRL in about two years. It acquired Easy Day small stores from Bharti Retail in May 2015 and the retailing
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Kishore Biyani sets sights on HyperCity to build bigger bazaar in future 9.9.2017 ET: Retailing
HyperCity, which has big-box format stores at marquee locations in Mumbai as well as Hyderabad and Bengaluru, posted sales of Rs 1,077 crore in FY17.
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Future Group to focus on small stores to build brand presence 27.8.2017 ET: Retailing
Future Retail will open more Easyday stores across the country, and will also increase the number of Heritage and Nilgiri stores in the south, he added.
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India ahead of China on Retail Development Index in H1 FY17 17.8.2017 deccanherald.com
India has surpassed China in the global Retail Development Index in 2017, indicating growing prominence of the country as a preferred retail destination for global brands, says a report by real estate consulting firm CBRE South Asia. Seven new global brands entered the country during the first half of 2017 and investments into the segment touched USD 200 million, said the India Retail Market View Report. Besides, it added, international brands already present in the country also expanded their presence. Several hypermarkets, including Big Bazaar which opened new stores in Mumbai, Bengaluru and Chennai, expanded their presence, it said, adding that clothing retailers such as Max and Pantaloons were also active during the review period. "Our ranking on the 2017 Global Retail Index for developing countries, as well as continued investment by private equity players, is a demonstration of the sustained preference of international brands to set up, or expand their operations in India," CBRE Chairman, India and ...
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India surpasses China on Retail Development Index H1 FY2017 17.8.2017 All International Stories
7 new global brands entered the country, with existing international brands expanding their presence
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Biyani's Future Retail merges stores to boost throughput 12.8.2017 All Companies Stories
Firm has merged 69 shops of its electronics and durable chain Ezone into larger stores
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Amazon's grocery debut can crash into Kishore Biyani's brick-and-mortar challenge 8.8.2017 ET: Retailing
Amazon, the company that dominates online, will be up against a company which has turned online-skeptic and is building a huge brick-and mortar chain.
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Big Bazaar fined Rs 3 lakh for charging Rs 40 more than MRP of sesame oil bottle 14.7.2017 TOI: Ahmedabad Times
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Traders in a fix; consumers happy 4.7.2017 Hindu: News
Business owners struggle to figure out new tax regime
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Shoppers grab discounts, small firms rue GST 2.7.2017 DNA: India
Day One of Goods and Service Tax (GST) was a mixed bag as traders struggled with compliance while consumers let their wallets do the talking as organised retailers and large brands continued with their GST discounts. While the weekend coinciding with GST rollout has helped retailers and big brands extend their pre-GST discount sales and clear their stocks, clusters of small- and medium-sized companies, especially in pockets of Tirupur, Agra, Surat and Kanpur, continued to struggle with compliance, with some intensely protesting the implementation new tax regime. In Mumbai, the first day of GST regime began well for the organised retail and hypermarket chain operators as customers queued up just like another weekend. Kishore Biyani-promoted hypermarket chain Big Bazaar launched a GST Muhurat Sale to celebrate the occasion by opening majority of its stores between 12 mid-night to 2 am. The hotel and restaurant industry reported a 35per cent drop over the past week. "During the GST implementation phase, we ...
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GST rollout: How businesses & consumers coped with India's biggest tax reform 2.7.2017 ET: Policy
Take a look at how traders and consumers across spectrum are reacting to five-tax slabs instead of a plethora of state, local and national taxes.
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GST a nightmare on Day1: Shops clueless, small businesses scramble 1.7.2017 News
Shops, pharmacies in Mumbai, New Delhi scramble to fight confusion and issue invoices in new regime
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GST Muhurat bonanza: Shoppers save big with Big Bazaar's 22% midnight sale 1.7.2017 Business Standard: News Now
Customers thronged to Big Bazaar outlets across the country, including Mumbai and Delhi
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Shoppers save big with Big Bazaar's special GST sale 1.7.2017 New Kerala: Business India
Shoppers save big with Big Bazaar's special GST sale
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Shoppers save big with Big Bazaar's special GST sale 1.7.2017 Sify Finance
[India], July 1 (ANI): Shoppers reaped the benefits of Big Bazaar's 'GST Muharat bonanza, offering up to 22 percent savings and cashback offers, in lieu of the rollout of the much-awaited Goods and
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On eve of GST rollout, retailers brace for diehards 1.7.2017 Latest News
On Friday night, Big Bazaar will remain open for a midnight shopping bonanza
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Post GST, Future Group wants HUL to protect margins 30.6.2017 ET: Retailing
“If margins are not restored in absolute terms, then we will have to restrict shelf space and market shares of these companies,” said Kishore Biyani.
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Bengal NRLM join hands with Big Bazaar to tap modern retail chain 8.6.2017 Business Standard: Economy & Policy
Anandadhara's agenda is to mobilise rural poor and vulnerable people
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Future Retail looks to expand its neighborhood stores to 4,000 in 3-5 yrs 24.5.2017 Business Standard: News Now
The average size of these stores will be around 2,000-3,000 square feet
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