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Everstone ropes in Dev Amritesh to spearhead Subway India
Everstone Capital has hired food services industry veteran Dev Amritesh to spearhead Subway’s business in India, three people familiar with the development said.
“Everstone plans to expand Subway aggressively,” said one of the persons adding that the company will roll...
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After restricting so far only to prominent malls in India, Japan’s fashion giant Uniqlo is now planning to open a high-street outlet in New Delhi and a highway store in Punjab, according to three people familiar with the plans.
Uniqlo...
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Retail businesses across India reported a growth of 18% in sales as in the month of July compared to pre-pandemic levels of July 2019, indicating a healthy growth trend for the retailers ahead of the festive season, Retailers Association...
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Demand for jewellery could drop by 8% and 15% in Q2 and Q3, respectively
The demand for jewellery in India is expected to contract in the second and third quarters of fiscal year 2023 due to a combination of factors including the recent hike in import duty on gold, high volatility in prices...
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France’s Top-end baker Laduree to open its second store in NCR
High-end French baker and sweet maker Laduree is opening its second outlet in India after making its debut here last year.
Next week, Laduree will roll out its second store in the National Capital Region (NCR) in Gurgaon’s Ambience Mall,...
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ONLY introduces its new athleisure brand ONLY PLAY
Denmark-based women’s fashion brand ONLY has forayed into the athleisure segment with the launch of ONLY PLAY in a bid to cash in on the growing business of athleisure in India since the pandemic hit in 2020.
The pandemic saw...
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Ingka Group to invest over Rs 7000 crore in India to set up two malls
Ingka Centres, the part of Ikea’s retail operator Ingka Group has announced that the company will invest 900 Million Euros (Nearly Rs 7,245 crore) in India to build two malls that would also house other brands apart from Ingka’s...
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Chai Point forays into Amritsar market; plans to launch 100 new stores in next 12-18 months
Chai Point has announced the brand’s entry into Amritsar by opening its store at the Hall Complex near The Golden Temple.
The launch is in line with Chai Point’s retail expansion strategy of opening 100 more stores in the next...
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Sunday Design raises USD 1.5 Million in Pre-Series A funding
Sunday Design, a global furniture and home décor brand, has raised Pre-Series A funding of USD 1.5 Million (INR 125 Mn) from QRG Investment & Holdings (The Family Office of Havells India Limited Founders), Kama Group (Family Office of...
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A robust growth of online businesses has propelled the share of India’s organized retail to 18.5% of the total $836 billion annual retail market in 2022, according to a latest report.
While modern brick-and-mortar retailers accounted for about 12% of...
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Nykaa appoints Vishal Gupta as Executive VP for consumer beauty brands
FSN E-commerce Ventures, the parent company of Nykaa, has said it has appointment of Vishal Gupta as Executive Vice President for its consumer beauty brands.
Gupta joins Nykaa after a 25-years stint with Unilever, including leading the beauty and personal...
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Amit Burman resigns as Dabur chairman, Mohit Burman takes charge
Dabur India’s board has accepted the resignation of Amit Burman from the post of the Chairman of the company with effect from the close of working hours of August 10, the company said in its exchange filing.
Amit Burman will...
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Reliance to open Tory Burch pop-up in Mumbai
A year after opening the first Tory Burch outlet in New Delhi, Reliance Brands Ltd will roll out a pop-up store of the high-end US label in Mumbai next week. The 800-sqft Tory Burch pop-up store will be launched...
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Johnson & Johnson To Cease Making Its Talc-Based Baby Powder
US-based pharmaceutical giant Johnson & Johnson (J&J) said on Thursday it will stop manufacturing its talc-based baby powder worldwide by 2023 amid a barrage of about 38,000 cancer-related lawsuits faced by the company in the last few years.
Their decision...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...