In September last year, India's government relaxed regulations allowing foreign direct investment (FDI) in multi-brand retail. One year on a...
2012 was undoubtedly a year of economic pressure for grocery retailers, as consumer spending continued to constrict. With little less pressu...
The world of international food retail has undoubtedly got a little less international in recent years and 2014 looks likely to see the big guns continue to take an empire-building breather and sort out their troubled home markets while undertaking only modest overseas activities. Glynn Davis reports.
It is, for both sides, an investment that can help improve their reputations. Tesco's plan to run multi-brand retail outlets in India demonstrates to the market the UK retailer, for all its problems, still has plans for growth. India's government will be happy that, 15 months after it pushed through plans to allow overseas players to invest in multi-brand retailers, someone has finally taken the bait.
In September last year, India's government relaxed regulations allowing foreign direct investment (FDI) in multi-brand retail. One year on and the reaction from international investors has been lukewarm. Michelle Russell takes a look at why international grocery retailers have not yet taken advantage of the new rules and whether this is likely to change in the foreseeable future.
In part two of just-food's management briefing on the globalisation of food retail, Glynn Davis looks at three markets where the trend, in different ways, has taken hold - China, India and the US.
Indian political party Bharatiya Janata Party (BJP), which is expected to lead the country's next government, has said it plans to ban foreign supermarkets from entering its retail sector.
UK retailer Tesco has confirmed that it will invest GBP85m (US$132m) to establish a multi-brand retail joint venture with Trent Ltd, part of the Tata Group, in India.
Tesco has set out a plan to become the first foreign retailer in India to run multi-brand outlets, with an application to invest in local operator Trent Hypermarket.
UK retail giant Tesco is understood to be looking at expanding further into India just days after announcing a review and potential exit from its troubled US venture.
More overseas investment would benefit India's retail sector, Tesco CFO Laurie McIlwee insisted today (8 December).
Tata Global Beverages Ltd (TGB), the joint venture between Pepsico India and Tata Tea, plans to enter into the global food industry with a range of healthy food products.
South African retailer Shoprite Holdings today (3 March) hinted the company was likely to quit India over frustrations at the rules governing foreign ownership of local businesses.
Indian conglomerate Future Group has confirmed that it is mulling the formation of a joint venture with a number of international retailers.
Tesco has confirmed that it plans to open its first wholesale cash-and-carry outlet in India this year.
French supermarket group Carrefour is reportedly nearing an agreement with India’s largest retailer, Pantaloon Retail.
Retail giant Tesco has today (12 August) announced its intention to develop a wholesale cash-and-carry business in India.
Indian conglomerate The Tata Group has reportedly indicated it is looking to set up supermarkets in the country alongside Australian retail giant Woolworths.
Indian conglomerate The Tata Group has made a foray into processed foods with the acquisition of a majority stake in Innovative Foods.
Tesco has confirmed its interest in the possibility of expanding into the Indian market.
The UK’s Tesco is reportedly in talks with potential Indian partners, including Tata Sons, with a view to entering the country’s burgeoning US$300bn retail market.
Indian conglomerate Tata Group is reportedly planning a "big bang" entry into the Indian e-commerce space.
On Monday (30 December), India's foreign investment watchdog reportedly cleared Tesco's move to become the first overseas retailer to run multi-brand retail outlets. Industry watchers are now looking to see which other multinational could follow in the UK grocer's footsteps.
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