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Current mall inventory across 8 cities is 232 malls, spread across 81.26 msf. There is a 16% increase compared to last 3 years.
Today the major airports of the country have substantial area devoted to retail. Perfume, cosmetics and destination merchandise are the largest-selling items at the departure section of the Delhi airport.
More than USD 200 million invested by PE Firms/Wealth funds
Delhi International Airport Ltd (DIAL) surpassed the 48 million passenger mark in FY2015-16, witnessing a growth of 18 per cent in traffic over the previous year.
Very high returns for some brands from their airport stores explain why this format is turning so lucrative.
As per a report shared by a leading daily, a chain of about 3,900 s of Indian Defence ministry’s CSDs have around Rs 236 crore ($55 million) in profit in financial year 2014-15.
This development is important for Vijay Mallya on two fronts, first, it will end the on-going tussle with Diageo which had earlier asked him to step down on grounds of alleged fund diversion, stating that the company had "lost confidence" in him.
Earlier this month, Delhi Lt Governor Najeeb Jung had passed the recommendations by a High-Powered Committee for imposition of a transport cess of Re 1 on purchase of Liquor.
The Tamil Nadu government has urged that the Centre should strive for a broad consensus on many aspects related to Goods and Services Tax.
Aiming to tab the growing liquor segment, Edrington today announced a 50:50 joint venture with Gurgaon-based Kyndal group named as Edrington Kyndal to market its blended scotch whiskey 'Cutty Sark'.
ASSOCHAM asked the government to raise the duty-free allowance for incoming international air travellers.