Rosebys news and archive

Allen Cooper, Rosebys face slowdown blues

Many companies faced difficult times during the last economic slowdown and the post-slowdown woes still continue to affect businesses. Earlier this year, GHCL Group’s home furnishing chain Rosebys closed its operations and is currently facing lawsuits from vendors and landlords. And now, Ess Aay Fashion India, which operates the Allen...

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Rosebys to go pan India

Lifestyle retail chain Rosebys is diversifying into home maintenance services through a joint venture with IT firm, Caretel and is expecting revenues worth Rs 100 crores within first year of the launch. Rosebys Interiors India, which had floated a new firm called Rosebys Home Care seven months back, has earmarked an investment Rs 50 crores this...

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Maharashtra govt warns NTC

The Maharashtra state government has recently given a warning to the National Textile Corporation (NTC) that no new developments would be allowed if it did not fulfill its promise of giving jobs to former mill workers in its refurbished mills. The NTC is a Central Public Sector Enterprise under the ministry of textiles. It was incorporated in...

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Rosebys, NTC team-up

Rosebys Interiors India, a home decor and lifestyle products group, will retail its home furnishing products through a chain of stores belonging to the National Textile Corporation (NTC). Rosebys is a subsidiary of the Sanjay Dalmia-promoted GHCL. Around 90 NTC stores will be used by Rosebys, which will spend between Rs 30 to Rs 40 lakhs for...

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NTC to revive retailing

The National Textile Corporation (NTC) is about to modernize its 100-odd showrooms and become an integrated textile and garment player. NTC had to close all shops after it was declared sick in 2005. The company will first revive four showrooms at Delhi’s upscale shopping destinations such as Khan Market and Kailash Colony. They partnered home...

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Rosebys tie-up with Style Spa

Rosebys Interiors, the home furnishing and lifestyle retail chain that started retailing in India two years back, has now entered a revenue sharing partnership with Style Spa. Rosebys aims to expand its base by opening more than 100 shop-in-shop outlets across the country through this tie up. The company is also looking at increasing its stores...