Posts

Showing posts with the label Joy Alukkas

Reliance wins handsdown

Image
The first store for Reliance came up in Hyderabad. It was a grocery retail format and many skeptics wrote off the idea, citing intense competition in this segment. Gross Margins are low, two-digits and net margins, if any are a mere 4-6%. So, how would the company ever make money? Further, there were already established players in this segment, especially in the South (of India) such as Foodworld, Spencers, Food Bazaar, Nilgiris, FabMall, Trinetra (now together More), Fresh @ from Heritage Foods – the list could go on! But patience and perseverance has helped the company in the long term. According to a report in the most respected Hindustan Times newspaper, the company would become the largest Retailer in India by Sales in 2013-2014. The company is expected to close the year with $2 Billion in Sales, approx. INR 12,000 Crores. And it made a meagre INR 78 Crores last year and has made INR 278 Crores in 2013-14. That’s not bad at all. The company has been able to achieve scale over the

Chitti wears Ray Ban, drives a Bentley, shops at Joy Alukkas & Lifestyle

Image
Chitti, the Robot created by its scientist Dr. Vaseegaran (both characters portrayed by the Superstar of Indian Cinema Rajnikanth) in the tamil film Enthiran (Robot in Hindi) that is directed by Shankar wears Ray Ban, Police and other designer sun glasses all through. There is a particular scene where the two of them shop diamond necklaces for their common girlfriend at Joy Alukkas, a leading name in ornamental jewellery in the southern markets in India. And the villainy Robot drives a Bentley, ransacks a Lifestyle Department Store only to stock up everything that’s needed for its lover. The scientist and his robot travel in a Mercedes CLK while the scientist’s home is shown as an exquisitely designed villa. All through the film, the leading characters including Aishwarya Rai wear designer stuff, exclusively crafted by ace designer Manish Malhotra who shot to fame since the late 90’s when he designed outfits for the likes of Shah Rukh Khan and his contemporaries of the Hindi film indus