First glitzy mall in India attracts enough shoppers to jam crossroads
Article Abstract:
India's first world-class shopping mall opened Aug 29, 1999 amidst monstrous crowds and big traffic jams. Crossroads consists of two department stores, 50 designer shops, a recreation arcade and a food court on top of 120,000 sq ft of prime land in Bombay, India. The mall is owned by the Piramal family, which also owns pharmaceutical and textile businesses. The Piramals' decision to acquire the Indian unit of Roche in 1993 paved the way for the family to own the lot where Crossroads stands. The heart of the mall is Piramyd, a department store catering to the middle-class.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Li plans costly redevelopment of Holiday Inn in Beijing
Article Abstract:
The Holiday Inn Lido Beijing is set to undergo another costly renovation, after having been refurbished only recently. Developer Li Ka-shing, owner of Cheung Kong (Holdings) Ltd. which bought the hotel, plans to build twin residential towers on the 1.16 million-square-foot site, which is strategically located between the airport and Beijing's commercial district. Renovation of the hotel complex, which has 1,000 rooms, 320 apartments, restaurants, offices, clubs and a bowling alley, is said to cost as much as its purchase price.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Diet-drink dispute in India
Article Abstract:
The diet-cola war between rivals Coca-Cola Co and PepsiCo Inc in India has escalated to include charges of government lobbying. PepsiCo, which came out with Diet Pepsi on May 29, 1999, has accused Coca-Cola of bringing an old Indian law into the government's attention in an effort to delay Pepsi's initiative. The law, which the Indian Health Ministry intends to enforce, requires all carbonated beverages to contain a minimum of 5% sucrose.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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