Senior Correspondent, IndianRetailer.com & Retailer Magazine May 15, 2008 / 2 MIN READ
Entertainment, Media and Communications Company, Percept, joins hand with Future Group to form a 50:50 JV in ‘Bollywood Retail’. Bollywood Corporation Private Limited, the earlier venture of Percept, was aimed to provide the complete “Bollywood Experience” including Bollywood Cafes, Walk Throughs, Hall of Fame, Bollywood Museums, Bollywood Theme Park, Merchandising and a host of other experiential offerings for the visitors. This JV will fully exploit the retail infrastructure of Future Group and resources of Percept like the company’s IPR asset and software. The first Bollywood Experience Centre is expected to come up by fourth quarter of 2008. The initial invesment will be of Rs.500 million with the launching of eight to ten outlets in the first phase at Hyderabad, Ahmedabad, Kolkata, Bangalore, Indore, Jaipur, Pune, Delhi and Mumbai. Presently, Bollywood Retail will focus on providing the `Bollywood Experience` and `Bollywood Merchandizing` within the Future Group`s retail network.
Unveiling India's Retail Revolution: Tech Disruptions, Consumer Shifts, and the Future of E-CommerceGiven this divergence, industry projections indicate Tier II and III cities will continue dramatically outpacing their Tier I counterparts in online order growth rates over the next decade.
During Mumbai Tech Week, Chandok also emphasized that those who do not embrace AI, risk falling behind in the rapidly evolving technological landscape.
In the dynamic arena of retail, departmental stores stand tall as monuments of progress, convenience, and diverse offerings.
But the winds began to shift in the mid-2010s. Mounting debt, fueled by ambitious expansion plans and a competitive landscape increasingly dominated by e-commerce players like Amazon and Flipkart, put immense pressure on Future Retail.
Copyright © 2009 - 2024 Franchise India Holdings Ltd