WA Business News:
Perth-based Cash Converters International has bought the Balcatta franchise for $1.2 million and opened two new stores in the United Kingdom.
The Balcatta store was purchased from an existing franchisee for a total price of $1.18 million, which included assets of $420,500.
The acquisition price represents an EBIT multiple of 3.09 times.
The acquisition of this [...]

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Business Standard:
Apparel and textile major Raymond today said it would open 300 franchisee-operated stores in Tier-IV and Tier-V towns in the next 18 months, to tap the retail opportunity in the country’s hinterland. The company is looking at towns with less than 500,000 population for the expansion.
It plans to add 450,000 sq ft of retail [...]

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