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Showing posts with the label Retail News

CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Coca-Cola said to mull $1 billion IPO of Indian bottling unit

This move could value the unit at $10 billion, potentially listing next year. The deal signifies a growing trend of global firms listing Indian operations amidst a booming IPO market, despite intensifying local competition. 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/coca-cola-said-to-mull-1-billion-ipo-of-indian-bottling-unit/124642881

Shoppers Stop Q2 loss at Rs 20.1 cr, revenue up 13 pc to Rs 1,256 cr

"Our core business has delivered stupendous growth through a number of initiatives such as premiumisation, developing our own IPs to drive the premiumisation, engagement with first citizen customers, higher enrolment of premium black card customers, increased personal Shoppers Share, etc., resulting in sales public growth of 7 per cent," MD and CEO Kavindra Mishra said. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/shoppers-stop-q2-loss-at-rs-20-1-cr-revenue-up-13-pc-to-rs-1256-cr/124642699

Zepto expands Esop pool by $170 million to over $500 million

The quick commerce startup is looking to float its IPO in the next few quarters. In the run-up to the share sale, it closed a $450 million round of primary and secondary transactions, led by US-based pension fund California Public Employees’ Retirement System (Calpers). 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/zepto-expands-esop-pool-by-170-million-to-over-500-million/124619682

Nestle to axe 16,000 jobs as new CEO targets sales growth

Nestle is embarking on a transformative journey, set to downsize its workforce by 16,000 as part of a strategy to amplify sales volumes. Under the leadership of fresh CEO Philipp Navratil, the company is prioritizing growth based on volume while also aiming to tighten its belt on expenses. 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/nestle-to-axe-16000-jobs-as-new-ceo-targets-sales-growth/124597602

Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares

Dutch investment firm Prosus has significantly increased its stake in Ixigo's parent company, Le Travenues Technology, by acquiring an additional 5.33% from existing shareholders Elevation Capital and Peak XV Partners. This follows Prosus's recent 10.1% purchase, marking its first investment in a listed Indian firm and its second major new-age Indian company investment this year. 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/prosus-acquires-more-stake-in-ixigo-peak-xv-and-elevation-sell-shares/124595211

India's wearables firms venture abroad as local market wears a weary look

Indian wearable companies are looking beyond domestic borders for growth. Facing a slowdown in India, brands like Boat, Noise, and Fire-Boltt are entering markets in Southeast Asia, the UAE, and Europe. They are partnering with local distributors and exporting products. This global push aims to offset declining sales in India. 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/consumer-electronics/indian-wearables-firms-expand-global-reach-amid-declining-local-sales/124594933

UNIBIC Foods appoints Ajay Bathija as CEO

UNIBIC Foods has appointed Ajay Bathija as its new chief executive officer. With over 20 years of experience in FMCG and beverages, including extensive leadership roles at The Coca-Cola Company, Bathija will drive strategic growth and market expansion for the company. The chairman expressed confidence in his ability to steer UNIBIC towards innovation and global presence. 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/unibic-foods-appoints-ajay-bathija-as-ceo/124546541

Licious eyes 80 stores by year-end, offline biz nears 1/3 of online revenue

Licious is aggressively expanding its physical store network, aiming for 80 outlets by year-end. This offline push is complementing its online business. The company is also focusing on achieving profitability and has deferred its IPO plans to 2027-28. Licious has also streamlined operations by shutting down its plant-based meat brand, UnCrave. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/licious-eyes-80-stores-by-year-end-offline-biz-nears-1/3-of-online-revenue/124547858

Homedecor startup Livspace’s FY25 revenue rises 23% to Rs 1,460 crore

Livspace, an omnichannel home interiors firm, saw a 23% revenue rise in FY25 to Rs 1,460 crore. Revenue had surged 85% in FY23 and grew 20% in FY24. Ikea-backed Livspace said that the reverse flip of its domicile to India is slated for the year-end. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/home-and-decor/furniture-and-decor/homedecor-startup-livspaces-fy25-revenue-rises-23-to-rs-1460-crore/124542956

Court grants hotel interim stay on GST for eatery services

The Bombay High Court has granted an interim stay on the 18% GST levied on restaurant services within hotels charging over ₹7,500 per day for rooms. The court issued notices to authorities, challenging the tax rate's link to room tariffs, arguing it's arbitrary and disproportionate, especially for walk-in customers. The matter is scheduled for further hearing on November 19. 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/bombay-high-court-interim-stay-on-gst-for-hotel-restaurant-services/124517357

Gold demand dips as soaring prices hit jewellery sales

India's top jewelry retailers, Tanishq and Reliance Retail, experienced a decline in consumer deposits for deferred gold purchase schemes last fiscal year. This trend is expected to continue as soaring gold prices lead to reduced purchase volumes, impacting the popularity of these installment-based schemes. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/gold-demand-dips-as-soaring-prices-hit-jewellery-sales/124517242

D-Mart's Q2 profit up 3.8% to Rs 685 cr

Avenue Supermarts reported a 3.85% rise in net profit to Rs 684.85 crore for Q2 FY26, with revenue from operations increasing by 15.45% to Rs 16,676.30 crore. The company opened eight new stores, expanding its total count to 432, while discontinuing its e-commerce service DMart Ready in five cities. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/d-mart-q2-profit-increases-by-38-to-rs-685-crore/124499647

Superdry expands India play with new collection, accessories push through Reliance Brands-Brand Concepts tie-up

Superdry is expanding its India strategy with a new collection and a focus on travel gear and accessories, partnering with Reliance Brands Limited for this segment. The brand aims to reach young, style-conscious consumers through e-commerce, premium stores, and exclusive outlets, reinforcing its Gen Z focus and omnichannel presence. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/superdry-expands-india-play-with-new-collection-accessories-push-through-reliance-brands-brand-concepts-tie-up/124470215

Festive cheer toys, textiles & footwear basking in GST shine

Small businesses are experiencing a welcome boost, with GST rate cuts and the festive season driving demand in sectors like toys, textiles, and footwear. Industry bodies report positive initial feedback, anticipating sustained growth beyond Diwali due to increased consumer spending. This positive shift is attributed to the revised tax structure, making goods more affordable. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/festive-cheer-toys-textiles-footwear-basking-in-gst-shine/124444046

LG Electronics IPO: Rs 30 crore m-cap company bids a whopping Rs 748 crore

LG Electronics India’s mega IPO has drawn record-breaking interest, with bids far exceeding expectations. Notably, microcap Winro Commercial placed unusually large bids through leveraging. High subscription rates from institutional and retail investors underline strong demand, while brokerages remain optimistic about LG’s market dominance and growth potential despite premium valuations. 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/consumer-electronics/lg-electronics-ipo-rs-30-crore-m-cap-company-bids-a-whopping-rs-748-crore/124449039

Prosus to buy 10% stake in Indian online travel agent Ixigo for $146 million

Dutch investor Prosus is acquiring a 10.1% stake in Indian travel platform Ixigo for $146 million. The deal, priced at a discount to Ixigo's closing price, will see the funds used for AI development, hotel expansion, advertising, and acquisitions. This investment further strengthens Prosus' presence in India, a key market for its portfolio. 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/prosus-to-buy-10-stake-in-indian-online-travel-agent-ixigo-for-146-million/124444791

Pizza Hut’s Rohan Pewekar on legacy, innovation, and the future of joy in dining

Speaking at the inaugural edition of ET’s The Food XP 2025, Pewekar captured the essence of a brand that has spent 67 years not just serving pizzas, but creating moments of happiness. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/pizza-huts-rohan-pewekar-on-legacy-innovation-and-the-future-of-joy-in-dining/124404515

Building Trust, Driving Innovation: FSSAI’s vision for the future of food retail in India

India's food sector is transforming. FSSAI CEO Rajit Punhani envisions a future built on trust, transparency, and innovation. He highlights the convergence of retail, foodservice, and technology. Consumer demands for personalization and purpose are rising. Digital supply chains and traceability are becoming crucial. FSSAI aims to foster responsible innovation. Retailers and startups can build brands through consumer confidence and loyalty. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/building-trust-driving-innovation-fssais-vision-for-the-future-of-food-retail-in-india/124368639

Delhi’s food boom must balance growth with sustainability": Minister Manjinder Singh Sirsa at The Food XP 2025

“Today, there are over 35,000 restaurants in the city, and the number of cloud kitchens is beyond estimation. In just a few years after COVID, the way the food ecosystem has evolved is remarkable,” he said. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/delhis-food-boom-must-balance-growth-with-sustainability-minister-manjinder-singh-sirsa-at-the-food-xp-2025/124375507

Innovation with agility is the only way forward,” said ITC’s Hemant Malik at The Food XP 2025

ITC's Executive Director Hemant Malik highlighted innovation as key to the company's success. ITC has transformed into a leading packaged food company by consistently innovating across products and processes. The company adapts to changing consumer needs and retail formats, including e-commerce. ITC focuses on health, convenience, and regional preferences, shaping its future growth. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/innovation-with-agility-is-the-only-way-forward-said-itcs-hemant-malik-at-the-food-xp-2025/124375432