Japanese sportswear brand Asics is planning local sourcing in India so that it can apply for FDI and benefit from lower duties. Considering its competitors like Nike and Puma have already got FDI clearance to start their own stores, Asics has to wait till it completes the 30 per cent local sourcing norm before it can get away from the franchise model. Continue reading
The company said domestic and international travellers will now be able to hire luxury motorcycles on self-drive and pre-determined guided tours or tailor-made adventure holidays within India and neighbouring countries like Nepal, Bhutan, Myanmar. Continue reading
The professional wrestler Dalip Singh Rana, better known by his ring name The Great Khali, to flex his muscles at the gym, is planning to set up 50 gyms in India in a year and then look abroad. The USP being a combination of gym with fitness and wrestling.
‘’The theme of the gyms would look like a wrestling ring. As members enter the gym, Khali will greet them with an automated voice message. There will be a Khali gallery, which will display and sell merchandise like clothes and boots,’’ says Ankur Makan, Khali’s man handling the project. Continue reading
Reliance Brands, which runs stores of 19 international brands in India, including the likes of Muji, Kenneth Cole, Steve Madden, Diesel and Brooks Brothers, will start off by opening two stores next year for the Euro 600 million brand. Continue reading
“This is something we have never done before,” said Rajeev Gopalakrishnan, managing director and chief executive officer of Bata, referring to the plan. “Currently, all our stores are company-owned.” He was talking on the sidelines of the annual general meeting of the company. Continue reading
Looks like a Burger Tastes like a Pizza it’s BurgerPizza, Domino’s the world’s largest pizza brand launches its first hybrid, the Burger-Pizza. And so takes the fight for the Indian QSR space to the burger kingdom.
“It only looks like a burger, but has all the goodness of a pizza inside,” says Dev Amritesh, president and chief business officer of Domino’s Pizza India. Perhaps, that’s the reason why the pizza maker is not calling it a burger but a BurgerPizza — a cross between the two. The BurgerPizza will come in two vegetarian and non-vegetarian variants, with a starting price tag of `89. Unlike most burgers, it doesn’t have a patty, is loaded with herbs, tomato sauce and mozzarella cheese — ingredients that are central to pizzas — and is oven baked. Continue reading
Westlife Development Ltd, owner of the master franchise of McDonald’s restaurants in west & south India through its subsidiary Hardcastle Restaurants Private Ltd (HRPL), officially announces its entry in the state of Goa with the inauguration of its first restaurant. The new outlet marks its entry into the 10th state and opens its 240th restaurant in west & south India. Continue reading
German luxury hospitality company Steigenberger has partnered with MBD Group to enter the Indian market. The two have formed a joint venture company that will operate, manage and franchise hotels in India under the MBD Steigenberger brand. Steigenberger, which operates 95 hotels across many countries, will be the first German hotel company to enter India. Continue reading
Treebo Hotels, a franchise budget hotel chain, after tasting initial success with 85 hotels in 17 cities in India, is looking at growing their footprint to 200 hotels in 40 cities by year end. The hotel company which just completed a year of operations has been able to carve a space of its own in the budget hospitality space. Talking to TravelBiz Monitor, Siddharth Gupta, Co-Founder, Treebo Hotels, said that they have been able to exceed their growth expectations in the first year and able to gain trust and confidence of hotel owners. Continue reading
“We have 2,225 petrol pumps now which we will increase to 4,300 in next 18 months,” Essar Oil’s chief executive officer (CEO) retail Madhur Taneja said. Continue reading
The group is soon launching a hotel in Chennai followed by many other openings.
The South Indian Restaurant chain which has entered 20 countries with over 63 outlets in these countries and about 37 in India will be focusing on hotel part of the business for coming fiscal. Continue reading
Keys Hotels is staying away from building its own hotels and has decided to expand through franchises and management contracts to shield itself in a slow market. Having invested in seven hotels, the chain has now set its sights on smart cities such as Visakhapatnam, Calicut and Jaipur to grow through franchises and management contracts with almost 70 new hotels planned in the next 12 months. Continue reading