Former Bank of America-Merril Lynch MD joins firm as India realty head
They've put Rs 13,000 cr into the property market there over 5 years and want to do more, in both commercial and home units
High Street Phoenix has almost zero vacancy or 100% occupation; it does business of about Rs 2,200 per sq ft a month
The size of the two merged consultancies in the country will be closer to CBRE's annual revenue
Shoppers Stop expects the online business to contribute 10% of sales in 3 years
Offering discounts of Re 1 to Rs 100 on purchases
Consolidating all fashion brands under Aditya Birla Fashion & Retail will also strengthen offline synergies
Consolidation began when Aditya Birla bought South-based Thrinetra Super Retail for its retail foray in 2007
The brand once had Bollywood megastar Amitabh Bachchan and James Bond star Pierce Brosnan as its ambassadors
To focus on redevelopment, land acquisition
The brands problems started with its parent's financial woes
Reits are publicly-traded instruments that pool investor money to buy real estate such as office buildings, shopping malls and residential complexes
Croma runs about 100 stores across the country
Can he stage a comeback?
Rahejas, Hiranandanis prefer bank debt, internal capital and community financing
The e-commerce portal will be owned and managed by Fiora Hypermarket, a subsidiary of Trent Ltd
CFO Moondhra's resignation comes as the firm is believed to have started groundwork for its IPO n the US