GAP is a leading specialty brand retailer, with a global turnover of USD16.1b. It began operations in 1969. It is now available in 90 countries through 3,100 company-operated stores, over 350 franchised stores, and e-commerce sites GAP has tied up with ARVND to open 40-50 stores by FY18. The first store should be operational by May 2015, with (more…)
As soon as P. Chidambaram took over as the Finance Minister of India, he pushed along the much needed Reforms Policy by permitting Foreign Investment in Multi-Brand Retail in India. 9 Months after the announcement of the Policy, there are no takers. We analyze why FDI in Multi Brand Retail has hit the Road Bump.
Approval from state governments a must for setting up foreign multi brand stores FDI-funded retailers will be allowed to operate stores only in those states that have agreed to allow foreign investments in retail. So far only ten states and two union territories have (more…)