The furore around embattled luxury furniture retailer Da Vinci has taken yet another intriguing turn, this time revealing the twisted relationship between major media groups and big business.
Despite the FDI controversy, luxury fashion and accessories retail still presents exceptional opportunities in India especially for the major luxury retailers. Brands already present in India have probably, once again, ''learnt their lesson'', becoming even more convinced, for most of them, operating directly in India would be a mission impossible. Several major international luxury brands, not yet present in India, have by now postponed by at least two years their entry, preferring to rather enter in discussions for a franchising/exclusive wholesale distribution.
Global consumption of beer is continuing to rise, with demand in emerging markets driving the amount that was guzzled down around the world in 2010 to a new record.
The research arm of major Japanese brewer Kirin Holdings Co. estimated last month that 182.69 million kilolitres of beer were consumed during the year, the most recent for which it was able to provide statistics.
Indian Prime Minister Manmohan Singh rejected calls to reverse major retail market reforms, saying the entry of foreign supermarket giants would help modernise the USD450 billion sector and fight stubbornly high inflation.
The reforms have drawn howls of protest from opposition parties and from allies within Singh's Congress Party-led coalition. Parliament has been adjourned for six days, threatening other major bills, such as one on food subsidies for the poor.
Global snacks and soft drinks major PepsiCo is looking to expand the market for its breakfast cereals by entering smaller cities in India with its Quaker Oats brand.
The firm is betting big on the oats segment, which currently has a total market size of around INR200 crore (INR2 billion, USD38.52 million) in India, as it looks to tap consumers at the lower socio-economic segment.
Debenhams has become the first major UK retailer to offer a tailored shopping service for blind and partially sighted customers.
The department store has worked with the Royal National Institute of Blind People (RNIB) to identify the main obstacles faced by both the customer and personal shopper whilst trying to shop in store.
From a customer perspective, these included time, brand and social and physical barriers. Seventy-six percent of blind and partially sighted people find shopping difficult or impossible according to the RNIB.
Many major Indian brand owners are putting more emphasis on proving the ROI from their marketing activities, but further progress may be required in this area.
IBM, the services firm, recently polled 1,700 CMOs globally, and found 69 percent of its South Asian panel – which includes 88 Indian CMOs – agreed that ROI would soon be the key measure of success. Working with top executives from other departments, or CxOs, is seen as vital.
The Chinese smartphone revolution is continuing to spread beyond that county's shores.
China's ZTE is planning a major strategic shift away from the cheap phones and telecoms equipment that have made it one of the fastest growing manufacturers in both sectors, towards making more profitable smartphones and higher-end network gear – and is targeting the US market for further growth.
ZTE hopes to rake in more overseas sales from supplying equipment such as the latest fourth generation LTE (long-term evolution) gear to major carriers.
A hundred and twenty delegates from across the Asia-Pacific region attended the first Asian edition of the Sustainable Cosmetics Summit which took place in Hong Kong on 7-8 November. The focal themes of the summit were the marketing and technical issues related to sustainable cosmetics. Major discussions centred on greenwashing & consumer confusion, the lucrative Chinese market, certification and green formulations.
MIPIM Asia 2011 was officially opened for all registered participants and media on Tuesday by Carrie Lam Cheng Yuet-ngor, Hong Kong's Secretary for Development at the Hong Kong Conference and Exhibition Centre. Lam has presented her major development plan for Hong Kong as her officiating speech.