Foreign Direct Investment in Food Retail
date:Aug 29, 2012
tion (DIPP) has received applications from overseas for investing in single-brand retail. Brands including Skechers, Quicksilver, Tommy Hilfiger, Brooks Brothers, Promod, and Pavers England have filed for joint ventures or fully-owned subsidiaries with the DIPP. The mother of all investment proposals came from Sweden's IKEA Group, which plans to invest $1.9 billion in the country to set up a chain of big-box outlets, a supply chain, and restaurants, among other formats.

In its application to th
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