McDonald's recruits in pursuit of major expansion in China


McDonald's started its biggest ever recruitment plan in China on Sunday, hoping to meet its ambitious expansion goals in the company's third-largest market. The US-based fast-food giant plans to open 225 to 250 new stores nationwide and hire 70,000 employees this year.

Japan's economy rebounds in 1Q on consumption


Japan's economy bounced back from a year-end lull in the first quarter, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports.

The world's third largest economy grew 1.0 percent in the January-March quarter, just ahead of a median market forecast of 0.9 percent, and growth in the final three months of 2011 was revised to flat from a 0.2 percent contraction, government data showed on Thursday. 

Japan's Apr beer shipments at record low

The Japan Times Online

Total shipments of beer and beerlike drinks plunged 11.3 percent in April from a year earlier to 36.23 million cases, marking the first drop in two months and a record low for the month, data from the five major brewers showed Monday.

The drop follows an increase the year before caused by efforts to make up for an inventory shortage caused by the March 2011 earthquake and tsunami, as well as weak demand during the cherry blossom-viewing season in early April due to cool weather.

adidas turns heat on former India MD

Business Standard

Stepping up its battle with its former India managing director Subhinder Singh Prem, German sportswear major adidas on Sunday petitioned Indian law enforcement authorities to initiate a criminal investigation into commercial irregularities at Reebok India.

The development comes two days after Prem moved the Delhi High Court challenging his "termination" as well as seeking damages and contractual dues from adidas. A few days before that, he had also served a defamation notice on his former employers.

Costco trumps major Australian supermarkets in Grange price battle

The Sydney Morning Herald Online

Costco has trumped the major supermarkets in the battle to offer the lowest price for the latest Penfolds Grange 2007, selling the iconic and prestigious label for AUD489.99 (USD504.79).

The US discounter revealed its pricing for the 2007 vintage after Coles said it would have an AUD499 price tag at its 1st Choice liquor outlet – a 20 percent discount to the recommended retail price of AUD625.

Hasbro goes from profit to loss in 1Q


Hasbro goes from profit to loss in the first quarter. But the company anticipates full-year profits ahead of four major movie releases in 2012.

The toy maker made a net loss of USD2.5 million in the quarter to 1 April 2011, versus a profit of USD17.1 million in 1Q last year.

Brand owners boost Indian R&D presence


Increasing numbers of major brand owners are enhancing their innovation capabilities in India, reflecting a desire to tap this fast-growing market.

Zinnov, the consultancy, reported that the 1,000 highest-spending firms globally allocated USD582 billion to R&D in the 2010/11 fiscal year, the Times of India reported.

This constituted an improvement on the USD538b posted in 2009/10, when worldwide expenditure levels slipped from USD543b due to the economic downturn.

India's Siyaram to introduce 3 new brands

Business Standard

Siyaram Suitings, a textile major in blended fabrics in India, will soon launch three mid-range brands.

The company, with net sales of INR860 crore (INR8.6 billion, USD169.7m) in the last financial year, is expected to launch Royal Linen, Moretti and Zenesis, thus taking its count from five brands to eight. The other brands under Siyaram Suitings is Siyaram's, J Hampstead, Mistair, Siyarams's MSD and Oxemberg.

Most of the sales for Siyaram is done via multi-brand outlets and less than 10 percent of sales comes from franchisee outlets.

India's Snapdeal to hire 500 in 6 months, keen on acquisitions

Business Standard

India's e-commerce major Snapdeal plans to increase its headcount over the next six months by adding 500 people.

Snapdeal, which claims to have over 15 million users, employs about 1,000 people at present.

"We have seen 80-90 percent growth in traffic month on month over the last three quarters. We have been gradually increasing the pace of hiring and over the next six months, we will add about 500 people," Snapdeal chief executive director Kunal Behl told PTI.

Adobe aims to help firms earn from digital marketing spends

Business Standard

With an increasing number of enterprises taking their marketing campaigns online to tap social media, software major Adobe on Wednesday said it is focusing on delivering solutions that help companies create, measure and monetise such digital marketing initiatives.

The company had recently announced restructuring efforts to focus on businesses like digital media and marketing.

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