Magazines Archives - 2007 April

Landmark embarks on growth path in Kolkata
Story 11

INDIA’S book-and-gift retail chain Landmark is planning for expansion in Kolkata,with at least three large-format outlets across the city.

According to CEO Himanshu Chakrawarti, Landmark will launch three stores of 25,000-30,000 sqf each in the high-street areas of the city, with a total investment of around Rs15 crore (US$3.5 million)

The retail chain will subsequently focus on opening a slew of smaller stores in malls, Chakrawarti said.

The group used to operate in Kolkata through a joint venture with FMCG major Emami. This partnership was severed early this year after Tata’s Trent acquired a controlling 76% stake in Landmark and its subsidiaries from founder Hemu Ramaiah last year.


2007 April Stories:

Developing economies spearhead retail sales growth in the region

Seiyu expects to recover from the red with gains

Tangs to make regional forays, beginning with KL

Vietnam to modernise in hopes of generating higher retail sales

Metro to build largest store in China

Daimaru’s purchase of Matsuzakaya will create largest Japanese store chain

Shoppers’ Stop to buy 19% of HyperCity

FJ Benjamin acquires exclusive rights to retail Celine in South-east Asia

edc takes first bow outside Europe in S’pore

Li & Fung buys Tommy Hilfiger’s sourcing operations

Sweden’s H&M opens in Asia

Landmark embarks on growth path in Kolkata

China sees fastest sales rise in 2 years

Aeon buys a stake in flagging Daiei

7-Eleven cash exchange round the clock

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