IKEA, which has already been sourcing products from India over the last 25 years, initially plans to set up 10 stores.
At a time when two Swedish companies, and Hennes & Mauritz (H&M), are waiting to enter India’s single-brand retail market, Rusta, a multi-brand chain from the same country, has announced an initiative to strengthen sourcing from India.
In September New Delhi finally opened its retail industry to foreign participation, a move touted as signalling the country’s desire for overseas investment.
Starbucks, Hennes & Mauritz (H&M) are among the foreign chains set to be active in the Indian retail real estate space this year.
Click here to view full article NEW DELHI—The IKEA Group’s 1.5 billion euro ($2 billion) proposal to open stores in India–one of its largest untapped markets–hit a bump Monday with
If the retail sector rulebook was changed in 2012, it’s only in 2013 that international chains and other foreign investors will get down to action. Apart from the slowdown in
By Rumman Ahmed Indian retailers saw a fledgling recovery in sales toward the end of 2012, raising hopes of better fortunes in 2013. Sales were tepid for most of 2012
India is on track to approve a bid by Swedish furniture giant IKEA to open its trademark blue-and-yellow stores in the country as it seeks big new markets for its
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