User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Apr 24 2015 18:42 IST RSS 2.0
 
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Tesco invested Rs 850 cr in multi-brand retail: Govt 24.4.2015 News
British retail major Tesco has invested Rs 850 crore in multi-brand retail trading in the country, Parliament was informed today. "Government approved a proposal from Tesco Overseas Investment Ltd (Tesco), a UK company, for foreign investment of ...
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Tesco invested Rs 850 crore in multi-brand retail: Government 24.4.2015 TOI: India Business
British retail major Tesco has invested Rs 850 crore in multi-brand retail trading in the country, Parliament was informed today.
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Tesco invested Rs 850 crore in multi-brand retail: Government 24.4.2015 ET: Retailing
Tesco was the first global retailer to apply for multi-brand retailing after the government allowed 51 per cent FDI in the segment in September 2012.
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FDI Inflow By Multi Brand Foreign Companies 24.4.2015 Govt of india: PIB
Government approved a proposal from M/s Tesco Overseas Investment Ltd., (TESCO) a U.K. Company for foreign investment of not less than US $ 110 million to carry out the business of Multi Brand Retail Trading in India. The Foreign Direct Investment (FDI) inflow reported by Reserve Bank of
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UK Stocks-Factors to watch on April 24 24.4.2015 Sify Finance
LONDON, April 24 (Reuters) - Britain's FTSE 100 index is seen opening 21 points higher, or up 0.3 percent, on Friday, according to financial bookmakers. For more on the factors affecting
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Sainsbury's to axe hundreds of UK store jobs 23.4.2015 The Guardian -- Front Page

Cuts to department and managerial positions follow head office job losses in January

Sainsbury’s is to cut 800 jobs in its stores as part of plans to save £500m over the next three years.

The supermarket, which axed 500 head office jobs in January, said it would be cutting department and deputy manager positions in some stores. It is also replacing night shifts with early morning and evening shifts in some stores to improve product availability.

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Britain's Tesco counts cost of decline with record $9.5 billion loss 23.4.2015 Sify Finance
By James Davey and Neil Maidment
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Tesco’s rise mirrored that of Thatcherism. Neither is dead yet | Anne Perkins 22.4.2015 Guardian: Comment is Free
Unfortunately Tesco’s £6.38bn loss doesn’t mark the coming of a new world of independent, value-based shopping. It is still a £50bn business with the confidence of the City Tesco has made a loss of £6.38bn . That’s the approximate equivalent of Nicaragua’s total annual GDP. It’s more dosh than most sub-Saharan African countries can dream of . It is “the official end of the Tesco era,” according to the retail analyst, John Ibbotson. “With this huge loss, the decadent retail dynasty of Tesco has come to an end.” Decadent. That’s a big word, meaning a state of moral or cultural decline. To some of us, Tesco has always felt decadent, a rapacious giant that ruined high streets, hollowed out town centres and fuelled an economy built on extreme downward pressure on costs at one end in order to sell deceptively cheaply at the ...
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Britain's Tesco counts cost of decline with record loss 22.4.2015 Sify Finance
By James Davey and Neil Maidment
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Tesco suffers record annual loss of 6.4 billion pounds 22.4.2015 Latest News
Tesco plunged to an annual loss of 6.4 billion pounds ($9.5 billion) on Wednesday, the worst in its 96-year history, after shoppers deserted Britain's biggest retailer and forced it to write down the value of its stores.
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Tesco reports record £6.4bn loss 22.4.2015 The Guardian -- Front Page
Supermarket company reports worst results in its 96-year history and UK’s biggest retail loss as company undergoes latest shake-up under new boss Dave Lewis Live: Tesco reports £6.4bn - all the news as it happens Tesco has reported losses of £6.4bn, the worst result in its 96-year history and Britain’s biggest-ever retail loss, after huge writedowns on the value of its property portfolio. The annual result was worse than the City’s most dire predictions that the group would fall £5bn into the red. Chief executive Dave Lewis said he had tried to make a break with Tesco’s recent history by accounting for all likely ...
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Tesco suffers record annual loss of $9.5 billion 22.4.2015 HBL: Companies
Tesco plunged to an annual loss of 6.4 billion pounds ($9.5 billion) on Wednesday, the worst in its 96-year history, after shoppers deserted Britain's biggest retailer and forced it to write down...
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Tata group starts online grocery service in Mumbai 15.4.2015 Latest News
The e-commerce portal will be owned and managed by Fiora Hypermarket, a subsidiary of Trent Ltd
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Gap set to enter India in May, partners with Arvind Lifestyle Brand 30.3.2015 TOI: India Business
San Francisco-based clothing retailer Gap is set to enter India with its first store in Delhi in May in partnership with domestic textile company Arvind Lifestyle Brands, which has appointed Oliver Kaye as the business head of the division dealing with the American brand.
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Gap set to enter India in May, partners with Arvind Lifestyle Brands 30.3.2015 ET: Retailing
San Francisco-based clothing retailer Gap is set to enter India with its first store in Delhi in May in partnership with Arvind Lifestyle Brands.
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Most organised retail cannot handle competition from kiranas: Rajiv Lal 30.3.2015 All Specials Stories
Interview with Stanley Roth Senior Professor of Retailing, Harvard Business School
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Morrisons sacks half its senior management team 24.3.2015 The Guardian -- Front Page

New boss David Potts fires five senior directors in bid to save struggling supermarket

New Morrisons boss David Potts has sacked half of his most senior management team as he tries to turn around the embattled supermarket group.

The drastic action comes a week after Potts started work at the grocer, where he has been charged with halting the supermarket’s slump.

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Lloyds has been let off too lightly, but would Labour really rein in the bank? 1.3.2015 The Guardian -- Front Page
Ed Miliband should spell out how he plans to reform the UK banking sector if elected in May

It is 14 May, the day of Lloyds Banking Group’s annual meeting. Thanks to the reappearance of a dividend, the occasion is less raucous than in recent years. Mention of chief executive António Horta-Osório’s £11.5m pay packet, part of a £30m bonus pool for top managers, generates some gentle booing. But only one irate shareholder suggests the new corporate slogan, “Helping Britain Prosper” should read “Helping Horta-Osório Prosper”.

But, as chairman Lord Blackwell calls for votes on the resolutions before the meeting, there is drama. A nervous figure gets to his feet to announce himself as the representative of UK Financial Investments, the body managing the state’s 24% stake in Lloyds.

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Morrisons names ex-Tesco man David Potts as chief executive 25.2.2015 The Guardian -- Front Page

Industry veteran replaces Dalton Philips, who was sacked in January after supermarket’s poor Christmas performance

The supermarket chain Morrisons has appointed the former Tesco executive David Potts as its new CEO.

He replaces Dalton Philips, who was sacked last month after a poor Christmas performance.

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Tesco announces John Allan as new chairman 18.2.2015 The Guardian -- Front Page

Chairman of housebuilder Barratt Developments will take senior role at troubled supermarket as sweeping overhaul continues

Tesco has named John Allan, chairman of housebuilder Barratt Developments and card processor Worldpay, as its new chairman, completing a sweeping overhaul at the top of Britain’s biggest retailer.

The troubled supermarket said Allan, 66, will take over from Sir Richard Broadbent on 1 March, after a year that has also seen the exit of former finance director, Laurie McIlwee, chief executive, Philip Clarke, and head of UK operations, Chris Bush, and the emergence of a £263m accounting scandal.

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