REAL ESTATE

Report: Carrefour to shutter Indian stores

BY Dan Berthiaume

Mumbai, India – In a move that may have implications for Wal-Mart, French retailer Carrefour S.A. will reportedly shutter its five Indian wholesale stores by the end of September 2014. According to Reuters, Carrefour is in advanced talks to sell its Indian assets to an unspecified buyer.

Wal-Mart pulled out of an Indian retail partnership in late 2013, but still plans to operate cash & carry wholesale stores there and also recently launched an e-commerce operation there. India has technically been open direct foreign investment in domestic retail supermarkets since 2012, but rules vary by state and there are strict local sourcing regulations.

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OPERATIONS

Stuart Weitzman names digital head

BY Dan Berthiaume

New York – Stuart Weitzman Holdings LLC has named Monica Schwartz as chief global digital and e-commerce officer. In this newly created position, Schwartz will oversee all aspects of global e-commerce and digital strategies for the stuartweitzman.com platforms in the United States, Canada, Europe and Hong Kong, as well as the soon-to-be-launched e-commerce site in China.

Schwartz brings onboard more than 15 years of experience and digital knowledge in the luxury retail and technology sectors, having previously built and led the e-commerce team at David Yurman. Prior to David Yurman, Schwartz was at EBay, where she was responsible for the strategy and launch of the flash sales platform.

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OPERATIONS

Rita’s Italian Ice names Sbarro exec as franchise VP

BY Dan Berthiaume

Trevose, Pa. – Rita’s Italian Ice, has appointed Eric Taylor, a 15-plus-year franchise industry veteran, as senior VP and chief development officer to lead the company’s franchise development and growth. Taylor joined Rita’s in April, and is responsible for the expansion of the Rita’s global footprint.

Taylor has held senior leadership roles in multiple leading restaurant chains such as MetroMedia Restaurant Group (Bennigan’s, Steak & Ale, Ponderosa, Bonanza). In his most recent restaurant capacity, Taylor was VP, international franchise development at Sbarro.

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