Month: May 2010

Kaya Skin Clinic’s Parent Company Marico has acquired the aesthetics business (essentially skin care products and services business) of Singapore-based Derma Rx for a purchase consideration slightly above Rs1bn.

Derma Rx has well balanced revenue mix — Products constitute (more…)

This is the concluding part of the three part interview with Kishore Biyani as published in “Enterprising India”. You can read Part 1 and Part 2 before proceeding.

Mr. KB’s Vision for Pantaloon / Future Group for the coming decade

We want to be a dominant player in India’s consumption, especially modern consumption. You can’t get a bigger canvas than US$400bn, which will become a trillion dollar canvas. That canvas is huge for anybody to operate.

Pantaloon Retail / Future (more…)

This is the Second Part of the 3 Part Interview with Kishore Biyani. Read the First Part here.

Part – II – Excerpts from Enterprising India.
Kishore Biyani’s Views on connecting with Consumers and creating a conducive environment

Creating the right environment is very critical. There are a few emotions that determine shopping behaviour. The most fundamental of them are greed, altruism, fear, envy, and vanity. Greed drives a consumer to purchase more than she needs. Higher purchase is also driven by the fear that the current price offer may (more…)

In an exclusive interview published in Enterprising India, Kishore Biyani the Pioneer of Indian Retail spoke on his entrepreneurial retail yatra. His venture Manz Wear started at the age of 26 later transformed into Pantaloon Fashions / Retail. Excerpts from his interview is as follows,

Leaving the Family Business to Stand on Own Feet

While still in college I had decided that I didn’t want to continue in my family trade. I trusted my own nose for business and wanted to start something on my own. There were a few things that I found disagreeable in the family business. Firstly, there was the financial micro-management, which allowed little space for growth. If there are only accountants running each pocket of the business, where are the entrepreneurs going to come from? Secondly, (more…)

In the previous post we explained Future Group’s effort for consolidation of Distribution Centers and Supply Chain Solutions. We will briefly discuss the impact so far the company has had and the challenges ahead of it in this ambitious project.

Impact of New Supply Chain:
With current initiatives, PRIL has managed to take up its fill rates from Mumbai DC from 70% (more…)

The Pioneer of Indian Retail – Mr. Kishore Biyani, who probably understand the retail business better than anybody else in India has restructured his Supply Chain and back End. Today we will have a look at his efforts in Distribution Center Management.

The number of DCs for Apparels has been brought down from 15 to 5 and for General Merchandise from 16 to 8. This will help to consolidate inventory at fewer locations and cut out wastages from overlaps across multiple locations. While the travel distances for goods will increase, it will be more than offset by improved
truck load factors.

GST on Mind while Consolidating Distribution Centers – This will, however, be more useful (more…)