retail industry updates
FMCG
Evaluating various future options for ice cream business in India, says HUL
PTI -
The company intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs.New Delhi: Hindustan Unilever on Tuesday said it is...
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Workers with AI skills may witness up to 54% salary hikes: AWS Research
PTI -
Around 99 per cent of employers envision their companies becoming AI-driven organisations by 2028New Delhi: Workers in India with AI skills and knowledge may see salary hikes of more than 54 per cent with those in IT and research...
Fashion & Lifestyle
Zudio launches its 506th store in New Delhi
Located at Infinity SK Mall, East Delhi, it is the 12th Zudio store in Delhi
Bengaluru: Tata Group’s value retail fast fashion chain Zudio has launched its latest store in New Delhi, an industry official wrote on social media on Monday....
Beauty & Wellness
The Body Shop India to expand to 100 more brand touchpoints by 2025
The brand is now looking at double-digit growth with focus on expansion in travel retail, standalone, beauty specialty and quick commerce segmentsBengaluru: British-born beauty brand The Body Shop is planning to expand its footprint with the addition of 100...
Food & Beverage
Third Wave Coffee’s CEO Sushant Goel steps down, former KFC CEO Rajat Luthra to take charge
PTI -
The appointment of Luthra will be effective from the first quarter of FY25New Delhi: Speciality coffee QSR chain Third Wave Coffee co-founder and chief executive officer Sushant Goel is stepping down and former chief executive officer KFC Rajat Luthra...
Food & Beverage
Sats opens largest international food solutions facility in Bengaluru
PTI -
The new facility will complement its existing large-scale food facilities in Singapore, China, Japan and ThailandNew Delhi: Sats Food Solutions India, a wholly-owned subsidiary of Sats Ltd (Sats), has opened its largest international food solutions facility in Bengaluru.The new...
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Govt proposes exempting certain M&A deals from Competition Comm approval requirement
PTI -
Draft rules to exempt certain categories of combinations from the Competition Commission of India (CCI) approval requirement have been issued by the corporate affairs ministryNew Delhi: The government has proposed exempting intra-group transactions and certain other mergers and acquisitions...
Fashion & Lifestyle
Key focus on tier 2, tier 3 for V2 Retail’s growth: Director Akash Agarwal
The New Delhi-based fashion retailer is targeting to launch an additional 35 stores in 2024, many of which will be in non-metros
Bengaluru: Fashion and lifestyle retail chain V2 Retail’s story traces back to its roots as Vishal Megamart, which was founded...
Food & Beverage
Passion, not money should drive entrepreneurs looking to start successful ventures: Zomato CEO
PTI -
Speaking at the Startup Mahakumbh event, Goyal spoke candidly about how his own company prefers to be always paranoid to stay aheadNew Delhi: Zomato CEO Deepinder Goyal on Monday advised entrepreneurs to be led by passion and drive while...
Food & Beverage
Mother Dairy to invest Rs 750 crore to set up 2 processing plants
PTI -
The company will also invest another Rs 100 crore to expand capacities of its existing plantsNew Delhi: Mother Dairy will invest Rs 650 crore to set up two new plants for processing of milk as well as fruits and...
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Digital Icon : Rajneesh Sharma
Rajneesh Sharma brings over 24 years of diverse experience in FMCG, fashion, retail, and manufacturing. Rajesh is dedicated to...
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