The boom in the subscriptions economy is causing ‘subscription fatigue’ in India, according to a new survey. Nine in ten (89 per cent) Indian subscribers believe there are now “too many” subscription services available. As a result, 92 per cent now demand a unified platform to administer all of their subscriptions. Despite many feeling overwhelmed, […]
Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]
Ferns N Petals (FNP), the leading gifting brand in India, is considering the possibility of going public with an Initial Public Offering (IPO) by 2025, while also evaluating the prospect of securing additional funding in 2024, Vikaas Gutgutia, Founder & MD of the company told BW Retail World. “We are expanding,” said Gutgutia, “We probably […]
Casio, the Japanese consumer electronic brand will start manufacturing watches by this financial year (FY24) in India, said Hideki Imai, Managing Director, Casio India, while adding that the company is serious about the Indian market. “We intend to start local manufacturing of watches in India this financial year, not G Shock but entry-level watches to […]
The United Arab Emirates (UAE) has imposed a ban on fresh meat imports from Pakistan via sea route after fungus was found on meat, according to ARY News. A restriction was imposed when fungus was discovered on meat sent from Karachi to the UAE by a firm. The restriction will be in effect until October […]
Ethnic clothing retailer Sai Silks (Kalamandir) announced on Monday that it has raised more than Rs 360 crore from anchor investors, days before the start of its Initial Public Offering (IPO). According to a circular posted on the BSE website, the company has allocated 1.63 crore equity shares to 26 funds at Rs 222 a […]
Super Saravana Stores, a retail chain is all set to enter the ecommerce world with the launch of its new shopping application, Superssmart; on 18 September 2023. According to the company, the app is designed to offer shoppers the ‘ultimate online shopping experience’ and will be available for download on the App Store and Google […]
In India only 7-9 per cent of retailers use any kind of software to manage their business operations, Varun Tangri, Founder & CEO, QueueBuster, said, highlighting a significant gap in digitalisation within the country’s retail landscape. According to Tangri, the primary reason for this digital divide is the requirement for traditional methods involving desktops, laptops, […]
Coffee Day Enterprises (CDEL) reported robust financial results for the fiscal year ending 31 March 2023. The company’s net revenues surged by 59 per cent to Rs 924 crore, compared to Rs 582 crore in the previous fiscal year. Its consolidated coffee business contributed significantly, accounting for 94 per cent of the net revenues, followed […]
Luxury brands like Gucci, Cartier, and Louis Vuitton have inked leases for stores in the new Mumbai mall created by Indian tycoon Mukesh Ambani, capitalising on robust economic growth and a surge in the number of millionaires. The Jio World Plaza, set to open this year within Reliance Industries’ USD 1 billion business and cultural […]
