Acquisition of Debenhams signals the entry of Arvind into the Bridge to luxury department store segment, it added.
Francis Mcauley, international director, Debenhams, a chain of department stores based in the UK, was recently in Delhi for the opening of the first Debenhams store in India. He speaks to Business Standard about the company's plans for the Indian market.
Check out the buxom babes who made it to the list!
India is the next great frontier for global retailers, a $500 billion market growing at 20 per cent a year.
Ursula Andress, who created quite a sensation with her beach scene from the 1962 Bond film, tops the list.
UK's leading department store chain Debenhams has so far opened two stores in India alongwith its franchisee partner, Planet Retail.
They are all foreign clothing brands who are bullish about the Indian retail market and have been making a beeline towards Indian shores. The reasons for the gold rush are apparent.
According to a survey, CBD occupancy costs in Mumbai and Delhi are $11,400 (approx Rs 5,13,000) and $8,150 (Rs 3,66,750) per annum per workstation.
Micky Jagtiani, owner of Landmark, the unlisted Dubai-based retail chain, has entered the list of 10 richest Indians compiled by Bloomberg.
'Trump's sparring with China is good for business,' Raymond's CMD tells Pavan Lall.