retail industry updates
Finance & Funding
Former HUL CEO Mehta teams up with PE fund L Catterton for India-focused JV
PTI -
Mehta will serve as the executive chairman of India for the vehicle from 4 April onwardsMumbai: Former Hindustan Unilever chief executive Sanjiv Mehta has teamed up with the world's largest consumer-focused investment firm L Catterton to launch an India-focused...
Latest News
PhonePe users can now make UPI payments in UAE via Neopay Terminals
PTI -
Neopay Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractionsNew Delhi: Fintech firm PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq's Neopay...
Beauty & Wellness
Honasa Consumer enters into high performer cosmetics
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The company is looking to capture untapped potential of the fast growing colour cosmetics industry in the BPC spaceNew Delhi: Honasa Consumer Ltd, which owns new-age FMCG brands such as Mamaearth and The Derma Co, on Thursday announced entry...
Home Decor & Furnishing
Smartsters opens shop-in-shop store at Crossword in Pune
Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its latest shop-in-shop (SIS) at Crossword store located in Pune, Tribeca High Street, the company said in a press release on...
Fashion & Lifestyle
Landmark Group’s Lifestyle enters Aurangabad
Located at Prozone Mall, API Road, it is the 24th Lifestyle store in the Western region and 112th in India
Bengaluru: Landmark Group’s department store chain Lifestyle has launched its first store in Aurangabad, which is the 24th Lifestyle store in...
Fashion & Lifestyle
Giva reaches 100 store milestone
The 100th outlet of Giva is located at Phoenix Mall of Asia, Yelahanka
Bengaluru:Â Fine jewellery brand Giva has reached the 100-store milestone with the launch of its latest outlet in Bengaluru at Phoenix Mall of Asia, Yelahanka, the company said...
FMCG
Varun Beverages completes acquisition of South African bottler BevCo
PTI -
VBL has also issued a corporate guarantee amounting to South African Rand (ZAR) 1,500 million (around Rs 660 crore) to secure credit facilities extended to BevCo by the FirstRand Bank thereNew Delhi: Varun Beverages Ltd, PepsiCo's largest franchise bottler,...
E-Commerce
EBITDA positive for last two quarters, says Myntra
PTI -
Myntra said it has been growing notably faster than the online fashion market since the second half of CY2023, with GMV growth nearing two times of the market during the recent festive seasonNew Delhi: Fashion e-commerce platform Myntra said...
Fashion & Lifestyle
New-age fashion brands should focus on value creation, not valuation: Vineet Gautam, Bestseller India
Bestseller India CEO Vineet Gautam on the changing trends in fashion retail, the company’s digital transformation and industry-wide slowdown…
New Delhi: Vineet Gautam is the India chief executive officer for Danish fashion and lifestyle group Bestseller, overseeing a gamut of...
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DPIIT plans to engage consultant to prepare logistics report for 3 years
PTI -
Every year, the department releases a Logistics Ease Across Different State (LEADS) report, ranking states and Union Territories (UTs) on the basis of their logistics ecosystemNew Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) is...
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Indian consumers prefer ‘offers’ faster online than offline: Report
The research reveals that online buyers are more price sensitive and avail more offers compared to offline buyersBengaluru: As...
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