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Starbucks to sell tepid Tazo tea brand to Unilever for US $384 million

Coffee shop chain Starbucks said on Thursday it will sell its Tazo tea brand to Unilever for $384m to focus on its Teavana line, amid disappointing quarterly results. “With our growth strategy for premium tea exclusively focused on Teavana, we...

DLF Promenade has performed beyond our expectations, says DLF Premium Malls' Pushpa Bector

Pushpa Bector is Executive Vice President and Head – DLF Premium Malls, which comprises of five properties across Delhi NCR and Chandigarh namely, DLF Mall of India, India’s first and largest destination mall, DLF Promenade, DLF Place, DLF CyberHub,...

Airports – The Next Battleground For Retailers In India?

Given the increasing number of air passengers every year in India and a crunch for quality retail space being faced by many foreign and domestic retailers across metros, airports are emerging as the next battleground for retailers. Following in...

Gaursons to invest Rs 750 crore to develop shopping mall in Noida Extension

Real Estate firm Gaursons is investing Rs 750 crore to develop a shopping mall in Noida Extension to tap business opportunities in commercial real estate which is doing well despite overall slowdown in the property market. According to a PTI...

Starbucks to close online store; focus on mobile technology

Starbucks has announced that it will be shuttering its online business. The coffee giant is clearing the stock by offering up to 50 per cent discount. The company will close its online store on October 1 and will focus on...

Tata Global Beverages to revamp associate plantation ops to earn profits

Tata Global Beverages is reviewing plantation operations of its two associates -- Amalgamated Plantation Private Ltd (APPL) and Kanan Devan Hill Plantations Ltd -- to make them profitable, an official said on Friday. Responding to shareholders' query on company's associate,...

Starbucks to close all Teavana stores worldwide

Starbucks has announced that it is closing all 379 of its Teavana stores by spring 2018 as they have been underperforming. These Teavana outlets are primarily based in malls across the country. The move will impact 3,300 workers. "Following a...

Starbucks to acquire remaining shares of East China JV; operate all Starbucks in Mainland China

Starbucks Corporation has announced entry into a definitive agreement to acquire the remaining 50 per cent share of its East China (East China JV) business from long-term joint venture partners, Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation...

11 stunning Starbucks stores around the world

Starbucks operates more than 26,000 stores, each one striving to reflect the neighborhood it serves. From a store paying tribute to the historic landscape in Kyoto, Japan, to a bustling New York City café designed to provide coffee on...

Oberoi Mall to explore Omnichannel route, to launch premium mixed-use retail projects by 2020

Envisioned as a fashion and entertainment destination, Oberoi Mall opened its doors for shoppers on April 15, 2008. Situated on the Western Express Highway and with a GLA of 5,50,000 sq. ft., Oberoi Mall has occupied a significant position...
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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...
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