Home improvement chain Lowe's signs supply deal with Berkshire Hathaway's Johns ManvilleOctober 1st, 2009 Lowe's signs supply deal with Johns ManvilleMOORESVILLE, N.C. — Home improvement chain Lowe's Cos.
Lowe's sees return to sales growth in 2010; may write off up to $100M in second halfSeptember 22nd, 2009 Lowe's sees return to sales growth in 2010NEW YORK — Lowe's Cos. executives said Tuesday that they expect sales to begin rising again in fiscal 2010 as the housing market stabilizes, even as consumers have changed the way they approach home-improvement projects amid the recession.
Lowe's maintains 2009 profit, sales outlooks; may write off up to $100M in second halfSeptember 22nd, 2009 Lowe's reaffirms 2009 guidance, may see chargesCHARLOTTE, N.C. — Lowe's Cos.
Collective Brands plans to expand Payless shoe business with first stores in Russia next yearSeptember 1st, 2009 Payless ShoeSource to expand into RussiaTOPEKA, Kan. — Collective Brands Inc.
Texmaco to make Metro coaches with Japanese firmsJuly 23rd, 2009 KOLKATA - KK Birla group company Texmaco Ltd is in the last leg of finalising a joint venture with three Japanese companies led by Kawasaki to make Metro rail coaches, a top official said here Thursday. Texmaco will be part of the alliance through its newly formed 50:50 joint venture with the United Group of Australia.
Ford, Mazda joint venture opens new $500 million passenger car plant in ThailandJuly 13th, 2009 Ford, Mazda open compact car plant in ThailandBANGKOK — Ford Motor Co. and Mazda Motor Corp.
Morgan Stanley, Mitsubishi UFJ to form 50-50 corporate financing joint ventureJuly 1st, 2009 Morgan Stanley, Mitsubishi UFJ to form finance JVTOKYO — Mitsubishi UFJ, Japan's largest bank, and Morgan Stanley said Wednesday they will form a joint venture to pursue corporate financing business in the U.S., Canada and Latin America. Mitsubishi UFJ is eager to expand its reach overseas and took a major step late last year, when it paid $9 billion for a 21 percent stake in Morgan Stanley.
Dubai's Damas gets India's nod for jewellery retailJune 9th, 2009 New Delhi, June 9 IANS) Dubai-based jewellery and watch trading company Damas has secured approval for a single brand retail joint venture in India with an investment of Rs.1.8 billion ($36 million), an official statement said Tuesday. The group's proposal, among the 22 others approved by the Foreign Investment Promotion Board with an investment of Rs.5.6 billion (around $110 million), calls for a joint venture in India with 51 percent equity.
Bharti, Wal-Mart open their first joint store in India (Lead)May 30th, 2009 AMRITSAR - India's Bharti group and Wal-Mart, the world's largest retailer, opened their first cash-and-carry joint venture store here Saturday on an investment of $7 million, and they plan to open at least 15 outlets across the country in the next three years. The stores will be run under the brand name of Best Price Modern Wholesale.
Bharti, Wal-Mart open first joint store in IndiaMay 30th, 2009 AMRITSAR - India's Bharti group and Wal-Mart, the world's largest retailer, opened their first cash-and-carry joint venture store here Saturday on an investment of $7 million, and are planning to open at least 15 stores in the next three years. The stores will be run under the brand name of Best Price Modern Wholesale.
Bharti, Wal-Mart defer launch of first wholesale storeMay 25th, 2009 NEW DELHI - India's Bharti group and Wal-Mart, the world's largest retailer, have postponed the launch of their first cash-and-carry or wholesale store in Amritsar following the violence in Punjab over the death of a Sikh leader in Vienna. The launch was scheduled for Tuesday, but was deferred after a Sikh religious leader died in the Austrian capital Monday following an armed attack at a gurdwara the previous day.
Wal-Mart set to open its first Indian wholesale outletMay 21st, 2009 NEW DELHI - Wal-Mart, the world's largest retailer, is set to open its first wholesale or cash-and-carry store in India next week and has chosen Amritsar as the location to kick-start the venture, company officials said. The US-based giant has also decided to call its cash-and-carry venture BestPrice Modern Wholesale to offer retailers bargains that would eventually benefit end consumers, the officials added.
Lowe's Cos. to release first quarter results as spring sales heat upMay 14th, 2009 Earnings Preview: Lowe's Cos. Inc.CHICAGO — Lowe's Cos.
Infiniti to open 20 Croma retail stores next fiscalMarch 13th, 2009 HYDERABAD - Infiniti Retail Ltd, a 100 percent subsidiary of Tata Sons, plans to open 20 Croma stores with an investment of Rs.600-800 million (Rs.60-80 crore) in 2009-10, a top official said Thursday. 'The opening of 20 Croma stores by March 2010 will take the total number of stores across the country to 50,' Infiniti Retail chief executive and managing director Ajit Joshi told reporters after opening two Croma stores here.
Brandhouse announces joint venture with Italy's OviesseFebruary 16th, 2009 NEW DELHI - Textile major Brandhouse Retails has signed a joint venture agreement with Italy's leading apparel brand Oviesse to open 190 stores in India at an investment of Rs.1.61 billion (Rs.161 crore) over a period of five years, it was announced Tuesday. Brandhouse will hold 62.5 percent stake in the joint venture, while Oviesse will own the balance 37.5 percent.
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