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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

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AO Smith acquires Pureit business from HUL

A. O. Smith Corporation has completed its acquisition of HUL's water purification business Pureit. This move aligns with A. O. Smith's strategy to expand its water treatment product portfolio and distribution. Pureit's water purification solutions are available in various countries including India, Bangladesh, Sri Lanka, Vietnam, and Mexico. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/ao-smith-completes-acquisition-of-pureit-business-from-hul/114848396

Even liquor fails to get a high in the Sept quarter

Demand for spirits dropped by 1% in the September quarter, marking the first decline since the pandemic. Factors like flooding, increased taxes, and economic stress contributed. Whisky, brandy, and rum saw volume declines, while vodka and gin grew. Premiumisation continued slower, and companies anticipated recovery in the second half with festive seasons and policy changes. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/even-liquor-fails-to-get-a-high-in-the-sept-quarter/114834872

Country Delight raises Rs 200 crore in debt from Alteria Capital

Earlier this year, it raised around Rs 164 crore in equity funding from Singapore’s sovereign fund Temasek, giving it a valuation of $804 million as of July 31. The direct-to-consumer fresh foods brand will use the fresh funds to drive its expansion, brand marketing efforts and capacity addition. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/country-delight-raises-rs-200-crore-in-debt-from-alteria-capital/114802833

Amazon India logistics arm posts 7.6% rise in FY24 revenue to Rs 4,889 crore; loss narrows

Amazon Transportation Services (ATS), the Indian shipping arm of ecommerce giant Amazon, saw its net loss narrow marginally by 6.9% to Rs 80 crore in FY24, from Rs 86 crore the previous year, according to regulatory filings sourced from business intelligence platform Tofler. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/amazon-india-logistics-arm-posts-7-6-rise-in-fy24-revenue-to-rs-4889-crore-loss-narrows/114731747

ASICS expands tier 2 and 3 presence amid rising athleisure demand; to increase local production

ASICS is expanding rapidly in India, focusing on tier 2 and 3 cities due to high demand for athleisure. With plans for 120 mono-brand stores by year-end and 200 by 2026, the brand continues to grow both online and offline. The company also emphasizes local production, which has reached 30 per cent in 2024 and is set to increase to 35-40 per cent. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/sportswear/asics-expands-tier-2-and-3-presence-amid-rising-athleisure-demand-to-increase-local-production/114755326

Bvlgari launches its first digital boutique in India in an exclusive partnership with Tata CLiQ Luxury

Tata CLiQ Luxury partners with Bvlgari to launch the luxury brand’s first digital boutique in India. This collaboration aims to expand Bvlgari’s reach in the e-commerce space, offering a curated selection of jewelry, watches, and accessories. The partnership includes a luxury concierge service for a personalized shopping experience. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/bvlgari-launches-its-first-digital-boutique-in-india-in-an-exclusive-partnership-with-tata-cliq-luxury/114680790

Tatas to enter red-hot quick commerce space with ‘Neu Flash’

Joining Flipkart and Reliance Industries, salt-to-software conglomerate Tata Group is set to enter the ever-growing quick commerce sector as customer demand rages in metros. People in the know said Tata’s ecommerce venture Neu will enter the fast delivery segment branded as Neu Flash. It will be rolled out to select users offering grocery, electronics and fashion. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/tatas-to-enter-red-hot-quick-commerce-space-with-neu-flash/114673562

Inbrew Beverages, TPG Capital in race to buy Imperial Blue, India's third-largest whisky brand

Ravi S Deol's Inbrew Beverages and TPG Capital are bidding to acquire Imperial Blue whisky from Pernod Ricard. Due diligence will begin soon, with final bids to follow. Imperial Blue, launched in India in 1997, is the country's third-largest whisky brand. The sale involves high valuation and the inclusion of assets and Scotch supply guarantees. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/inbrew-beverages-tpg-capital-in-race-to-buy-imperial-blue-indias-third-largest-whisky-brand/114672803

Beverage company Lahori eyes Rs 400 crore taking valuation up 3x to Rs 2,700 crore

Lahori, a Chandigarh-based beverage manufacturer, is in advanced talks with multiple investors to bag Rs 400 crore in funding, a deal which could triple its valuation since the previous round. Lahori sells carbonated non-alcoholic drinks in local flavours. Lahori’s most famous beverage is Lahori Zeera, a cumin-flavoured carbonated beverage. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/beverage-company-lahori-eyes-rs-400-crore-taking-valuation-up-3x-to-rs-2700-crore/114672903

Amazon India strengthens workforce to meet festive demand; focus on tier 2, 3 regions

​​For this festive season, Amazon India has ramped up its logistics network, to ensure faster deliveries on over 4 million products, with no-cost same-day options for Prime members. The company has onboarded 1.10 lakh new associates, including 1,900 persons with disabilities, to meet increased demand. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/amazon-india-strengthens-workforce-to-meet-festive-demand-in-tier-2-3-regions/114455833