IKEA plans to open cafes at stores
The Swedish furniture retailer has sought review of its application.December 24, 2012 | comments ( 0 ) |
IKEA, the Swedish furniture retailer, has approached Foreign Investment Promotion Board (FIPB) seeking review of its application posted previously in order to allow it to open cafes at the proposed single-brand retail stores in India.
It was on November 20 that FIPB had approved IKEA's proposal of Rs 10,500 crore investments in India to open single-brand retail stores.
The Department of Industrial Policy and Promotion (DIPP) has forwarded the review application along with its comments, and the FIPB will take up the final proposal.
- Reliance Retail & Jio to jointly launch new e-commerce platform
- CCI gives nod to Samara Capital-Amazon's joint bid to buy More
- SoftBank eyes 40% stake in FirstCry for $400 million
- Vivo India launches 'Vivo Xchange' program in partnership with Cashify.in
- Milkbasket expands operations to Bengaluru
- Manyavar launches another store in Punjab
- Ola raises Rs 150 crore from Flipkart's Co-Founder Sachin Bansal
- Ananth Narayanan steps down as Myntra Jabong CEO
- DailyNinja celebrates 15 million orders fulfilled
- John Jacobs looks to garner Rs 500 crore revenue by March 2021