To decide if the business should be demerged or to go for an IPO.
Natures Basket's acquisition will make Spencer's Retail a national player, giving it access to the western parts of India through its 36 stores in prime locations in Mumbai, Pune and Bangalore.
Supermarket chain Spencer's Retail Limited has lined up a capital expenditure of Rs 400 crore (Rs 4 billion) for south during the current financial year.
Kolkata-based Spencer's Retail is scouting for international lifestyle brands, and is in talks with several global firms dealing in apparel, footwear, luxury retail and lifestyle products.
At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.
The UK government on Sunday announced that it will support "iconic British brand" Jaguar Land Rover (JLR) with a loan guarantee of up to 1.5 billion pounds to give certainty to the Tata Motors owned carmaker's supply chain following a devastating cyber-attack. The loan will come from a commercial bank, backed by the Department for Business and Trade's (DBT) Export Development Guarantee (EDG), provided by export credit agency UK Export Finance, to be paid back over five years.
Spencer's Retail, the Rs 800-crore retail arm of the RPG Group, will expand its range of fashion merchandise with the launch of private labels as well as foreign apparel brands, in an attempt to revamp its image as a fashion-centric brand instead of just a food retail chain.
'This game has given me so much, so I keep reminding myself that I need to show the world what the game has given to me, and I have to give it back to the game.'
Spencer's Retail, part of the Rs 11,000 crore (Rs 110 billion) RPG group, is looking for foreign retail partners for foraying into luxury retail as well as strengthening its presence in consumer electronics.
Britain's clothing and food retailer Marks & Spencer will set up of a joint venture firm with Mukesh Ambani-led Reliance Retail at an investment of 29 million pounds (around Rs 230 crore) to mark its foray into India.The British company will hold a 51 per cent stake in the JV, to be named Marks and Spencer Reliance India Pvt Ltd, while the remaining will be with Reliance Retail.
According to an M&S spokesperson, the 35 per cent price cut and an expansion in its store network will help the brand in widening its customer base.
DEA objects to the company's 29 Indian stores having sub-brands as a rule violation; DIPP doesn't agree.
Indian retailers are an optimistic lot when it comes to deciding on expansion plans for 2009. Retailers such as Spencer's Retail, Future Group, Shoppers Stop, Westside, Wills Lifestyle, Bata India, and Raymond find the 30-40 per cent drop in retail rentals a reason to cheer.
Retail players are planning to expand but with caution. It seems the slowdown of 2008-09 is still weighing on their minds.
Sales grew only 5-10% last year on weak consumer sentiments
Spencer's Retail, the retail arm of RPG Group, says it has seen a 30-40 per cent decline in the rentals in Tier-II and -III cities. In Tier-I and metropolitan cities, the correction is in the range of 15-20 per cent, and a further correction and its impact is likely to come in the next few months.
The numerous integration measures have led to savings in areas including supply chain, technology, inventory management, and marketing.
Spencer's Retail, promoted by the Rs 11,500 crore (Rs 115 billion) RPG group, is in talks with international retailers for a possible joint venture in India. The company is exploring the JV route to introduce new formats.
The most convincing signs of revival are visible in historically retail-oriented cities such as Mumbai, Bangalore, Delhi, Kolkata and Pune, with the action beginning to perk up in other cities as well.
Goenka is hoping Spencer's will break even by the second quarter of 2013-14.
In the shadows of a sliding rupee, India's knitwear hub Tiruppur is weaving a success story. While the domestic currency edges closer to the 86 mark against the US dollar, triggering concerns for many sectors, this textile town in Tamil Nadu is finding opportunity in adversity: Between April and December alone, Tiruppur's exports reached Rs 26,000 crore, almost eclipsing last financial year's total of Rs 30,690 crore.
Spencer's, the retail arm of the Rs 13,500-crore RPG Enterprises, will be focusing more on large format stores this fiscal and prune down investments per store in order to beat recession blues and turn the company profitable.
Marks & Spencer Reliance is the joint venture between the Mukesh Ambani-promoted Reliance Retail and the British department store chain, Marks & Spencer group. The first store would have around 40 employees and would offer men's, women's and children's garments besides various household items.
It plans to add ten stores in the next six to eight months.
The retailer is looking at a break-even this year.
The latest trigger has been Future group's buyout talk with the retail unit of Andhra Pradesh Chief Minister Chandrababu Naidu's family-owned Heritage Foods
The two-year-old project, rolled out with WWF India as the local partner, has enthused the retailer to consider such projects in other cotton-producing areas in India and other parts of the world.
It had signed a joint venture with Reliance Retail to form M&S Reliance India Private Limited in April 2008.
Having 50 stores in India, it plans to double the number.
Talks to sort out the 10-day workers' agitation at the Gurgaon apparel factory of Viva Global, a supplier to British retail outlet Marks & Spencer, got postponed.
Future Group and V-Mart have put in place systems to prevent panic buying at their neighbourhood grocery stores.
Spencer's, the Indian retail chain, is showcasing a wide range of US products at the "American Food Festival" from September 14 to October 7, 2007 at 29 stores in the Delhi and Mumbai.
Competition from kirana stores, low margins and property and supply chain issues delay break-even.
RPG Cellucom, latest venture of the RPG Group in mobility retail plans to capture three per cent of the market share with revenues of Rs 3,500 crore (Rs 35 billion) in financial year 2008-09.
India's burgeoning middle class is proving an enticing target for European retailers. France's Gautier and Carrefour detail plans to set up operations, and Marks & Spencer is reported to be on the move as well.
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
M&S operates in a joint venture with Reliance Retail.
Durable retailers have lined up a series of offers to lure customers during Christmas and New Year's eve
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