REPORT Mango closed the 2014 financial year with a consolidated group turnover for the Mango MNG Holding of 2.017 billion euros (2.154 billion dollars), representing a 9.3 percent increase on 2013, and an EBITDA of 223 million euros (238.2 million dollars). With the strong global presence of the brand, […]

Kids’ brand Mimi & Maggie was launched just before the festive season in September-October 2014. And Amol Kumar, India Head, Mimi & Maggie says initially they tested waters and got as much feedback as they could on the collection. And then showcased their Spring/Summer collection “And since we launched […]

Just a few days before the second anniversary of the Rana Plaza disaster, when a building housing five garment factories collapsed and caused the death of more than 1,100 garment workers on 24th April 2013, Italian fashion house Benetton announced its contribution of 1 million euros (1.1 million US […]

Reliance Retail revenues increased by 21.2 percent to Rs 17,640 crores during the fiscal year ended March 31, 2015 on the back of a wide product offerings with value proposition. The company, which maintained the status of India's largest retailer, said it achieved profit before depreciation, interest […]

Last week a clutch of shareholders led by Mumbai-based stockholder Bharat Patel had called for an extraordinary general meeting (EGM) seeking removal of S Kumars’ Chairman and MD Nitin Kasliwal over mismanagement of the company. In response, S Kumars Nationwide Limited (SKNL), owner of the S Kumars […]

Future Group, which is in the process of consolidating its businesses for growth, is considering offloading its remaining 14 percent stake in Pantanoons Fashion Retail. The company had earlier sold majority stake in the fashion chain to the Aditya Birla Group, to brings down its debt burden. Going by […]

Organised retail segment in India has been gradually growing with most statistics indicating robust growth ahead. As per estimates, the retail sector accounts for 22 percent of the GDP and contributes 8 percent of the total employment. Total retail sales in India is anticipated to grow from 411 billion […]

Despite the euphoria around e-commerce in India, only 39 million people which is a small fraction of India’s 1.2-billion population, actually shop online, says a recent study by global management consultancy firm A T Kearney. India's e-commerce market grew 27 percent in 2014 to 3.8 billion dollars (over […]

While Alibaba’s fund deal may have fallen apart, ecommerce marketplace Snapdeal is set to announce an initial public offering (IPO) in the US at a valuation of 5-6 billion dollars (over Rs 31,000 to Rs 37,000 crores). Sources claim that the company has appointed merchant bankers for the probable listing […]

The Future Group has decided to pump in over Rs 500 crores in 2015-16 to grow retail network. The company aims to open 20 stores of Big Bazaar, six to seven stores of Central and 10 Brand Factory stores, while increasing the store count of its convenience format chains such as Big Apple, KB’s and Nilgiris […]

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