New Delhi: Mothercare has entered into a joint venture with Reliance Brands Holding UK (RBL UK), marking a strategic shift in their South Asian operations. The new entity, owned 51% by Reliance and 49% by Mothercare, will manage the Mothercare brand across India, Nepal, Sri Lanka, Bhutan, and Bangladesh. RBL UK will acquire the stake…
Representative image Foot Locker global chief executive Mary Dillon said Indians are increasingly demanding sneakers such as Jordans and Samba, going beyond just having a sports shoes culture, mimicking the trend seen in the US and China many years ago. Foot Locker, a New York-based athletic retailer, is entering into India through a long-term licensing…
NEW DELHI: Nestle India said its chairman and managing director Suresh Narayanan will retire on July 31, 2025. The Swiss parent has nominated Manish Tiwary as the company’s new MD, subject to approvals. Tiwary is currently a director at Amazon Digital Services and More Consumer Brands and he will step down from this role on…
It may or may not be the iPhone effect, but shoppers ambushed mobile phones and electronics in the first week of online festive sales, probably shelving quintessential ethnic wear for later, reports Asmita Dey.E-commerce platforms, including Amazon and Flipkart, are seen to have together crossed Rs 54,500 crore in sales in the first week of…
MUMBAI: For online platforms, this festive season is all about speed. As quick commerce firms expand into non-grocery categories – the domain of e-commerce companies- and enter smaller cities, getting more consumers accustomed to the convenience of 10-minute deliveries has never been more important. SoftBank-backed Meesho has tripled its delivery capacity and is enhancing speed,…
Representative Image Terming “sluggish consumption” as “temporary”, leading shoemaker Bata expects a revival in coming quarters, helped by festive season demand and retail expansion, according to its India Managing Director and CEO Gunjan Shah. The company expects e-commerce, which is now a “profitable” and “viable” business, to be its growth driver as it has been…
Khairav Duggal, CEO, Chupps Chupps, a D2C footwear brand, on Thursday announced the appointment of Khairav Duggal as its Chief Executive Officer. As CEO, Duggal will oversee all aspects of Chupps’ operations by focusing on product development, sourcing, strategic planning and expanding sales channels, including a robust e-commerce presence, according to a statement. Duggal comes…
For a country which provides 25% of the world’s cotton, sustainability has been a long traditional approach. However, as the world and India push the eco-friendly theme towards the mainstream, green skills and talent is on the rise. Naresh Tyagi, Chief Sustainability Officer, Aditya Birla Fashion and Retail Ltd, gives a view of the existing…
New Delhi: Kalyan Jewellers India has signed a definitive agreement with Rupesh Jain, the founder of Candere to acquire his remaining 15 per cent stake in Candere valued at Rs 42 crore making it a subsidiary of Kalyan Jewellers, a wholly owned entity. The jewellery retailer initially acquired a majority stake in Candere in 2017…
Latest savings bank account charges: Several major Indian banks, including ICICI Bank, Axis Bank, and Yes Bank, have recently announced changes to their savings bank account service fees. The revised charges, effective from April 1 and May 1, 2024, impact a range of services including cheque books, debit cards, cash transactions, and more. ICICI Bank…
