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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

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

Swiggy IPO valuation at $11.2 billion

Swiggy had filed its draft prospectus with Sebi under the markets regulator’s confidential route in April and received an approval for it in September. Initially, Swiggy was set to raise Rs 3,750 crore in primary capital but secured an approval from its shareholders in October to increase the fresh issue component of the IPO. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/swiggy-ipo-valuation-at-11-2-billion-blackrock-cppib-sbi-mf-others-subscribe-to-anchor-book/114646886

ONDC introduces new subsidiary Nirmit Bharat with DigiHaat App to boost inclusive digital commerce

Open Network for Digital Commerce (ONDC) has launched a subsidiary, Nirmit Bharat, and its buyer app, DigiHaat, aimed at enhancing digital commerce accessibility for small businesses, farmers, and artisans. Currently in alpha testing, DigiHaat promises a seamless shopping experience, supporting ONDC's mission to democratize digital commerce and foster ecosystem innovation similar to the BHIM model. 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/ondc-introduces-new-subsidiary-nirmit-bharat-with-digihaat-app-to-boost-inclusive-digital-commerce/114587226

Quick commerce is taking demand from neighbourhood stores: Nykaa's Falguni Nayar

Beauty is one of the fastest growing segments on quick commerce, but Nayar said her focus remains on enhancing speed across the country through her own network. "Quick commerce can cater to specific needs, but our focus remains on a more extensive network across the country, not just a few cities,” Falguni Nayar, founder and chief executive, Nykaa said. 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/quick-commerce-is-taking-demand-from-neighbourhood-stores-nykaas-falguni-nayar/114584273

Blinkit unveils EMI option for items above Rs 2,999

“EMI options will be applicable on all orders above Rs 2,999 (except orders that contain gold and silver coins),” Blinkit chief executive Albinder Dhindsa wrote in a post on microblogging platform X. 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/blinkit-unveils-emi-option-for-items-above-rs-2999/114566926

Made 'opposite party' in CCI probe without notice: Xiaomi

Xiaomi India has been named as an 'opposite party' in a CCI investigation on exclusive smartphone launches on platforms like Amazon and Flipkart without prior notice. The company is seeking access to the full report to better understand the allegations and prepare its defense. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/mobiles/made-opposite-party-in-cci-probe-without-notice-xiaomi/114527997

CCPA issues notices to quick commerce firms over disclosure violations

The Central Consumer Protection Authority (CCPA) has issued notices to quick commerce companies for not complying with product disclosure mandates under the Legal Metrology Act, giving them 15 days to respond. Companies must display key information such as price, expiration date, and manufacturer details on packaged goods. 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/ccpa-issues-notices-to-quick-commerce-firms-over-disclosure-violations/114494260

Udaan eyes $100 million from UK’s M&G and others at flat value

Udaan has been scaling down operations to cut its burn in a tightening liquidity market. The company has now refined its strategy, concentrating on select categories and adopting a market cluster approach. 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/udaan-eyes-100-million-from-uks-mg-and-others-at-flat-value/114488558

Govt in talks to sell Bharat Brand items via Reliance Retail

While there have previously been short-term arrangements with ecommerce firms including Reliance’s JioMart, Amazon and BigBasket to push Bharat brand products for price stabilisation, mostly during elections, this is the first time that the government is looking at a long-term arrangement with a private retailer to sell food products from its buffer stock at subsidised prices. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/govt-in-talks-to-sell-bharat-brand-items-via-reliance-retail/114445019

H&M India announces Helena Kuylenstierna as director

Helena Kuylenstierna is now the director for H&M India, based in Bangalore. With 24 years of experience at H&M, she aims to drive growth and profitability in India. Kuylenstierna plans to address local customer needs and maximize opportunities in the diverse market while continuing to offer elevated fashion collections. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/hm-india-announces-helena-kuylenstierna-as-hm-india-director/114428152

Urban stress continues to pull down growth for consumer goods firms

Consumer goods companies like Parle, Dabur, and Tata Consumer report a recovery in rural demand for essentials, contrasting with urban areas where food inflation is dampening growth. Despite some stability in rural growth, high prices of tea, coffee, wheat, and copra are causing stress in cities. 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/urban-stress-continues-to-pull-down-growth-for-consumer-goods-firms/114410190