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MFI relaunches online

Posted:
01 December 2011 10:49

Flat-pack furniture brand MFI was back in business as an online retailer today - three years after its collapse left customers out of pocket.The brand, which was established in 1963, was salvaged from administrators by Walker Capital, the private equity owners of online bathroom retailer Victoria Plumb, for £250,000 in ...read more

India’s foreign retailer plans come under fire

Posted:
28 November 2011 10:28

India's new open-door policy for foreign retailers is stirring a backlash from some state governments who fear the move will be unpopular with smaller traders and shop owners in their constituencies.The new regulations do not require parliamentary approval but, to set up shop, foreign retailers such as Wal-Mart and Tesco ...read more

India to open to foreign retailers

Posted:
25 November 2011 10:03

India's cabinet has decided to allow more direct foreign investment in the nation's huge retail industry, a move that could strengthen the country's food supply chain and open India to giant global retailers such as Wal-Mart and Tesco.The cabinet approved 51% foreign direct investment (FDI) in multi-brand retail and increased ...read more

Habitat under threat as Hilco seeks sale

Posted:
24 June 2011 10:43

Around 900 jobs at Habitat are understood to be under threat following moves by owners Hilco to offload the iconic brand.It is understood that talks are underway between Hilco and Home Retail Group (HRG), with HRG potentially interested in buying the UK rights to the brand along with its three ...read more

Ikea crowned "retailer of the year, Europe

Posted:
14 December 2010 09:30

Furniture and homeware chain Ikea has been crowned "retailer of the year" in Europe, following a survey of over 1.45 million consumers throughout 10 countries. Retailer of the Year is the largest consumer survey in Europe, assessing over 1100 retail chains this year. Ikea came out in front, appearing in the ...read more

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