#RetailBuzz #Edition18 - What's Buzzing in Retail Industry, a Quick Roundup
1. Tata Group ceases discussions with BISLERI to acquire the packaged water giant
Tata Consumer Products said it has ended the discussion with Bisleri about the potential acquisition of the packaged water giant, a move that would have made the Indian conglomerate a segment leader.
"The company wishes to update you that it has now ceased negotiations with Bisleri with regard to a potential transaction and to confirm that the company has not entered into any definitive agreement for a binding commitment on this matter," Tata Consumer Products said in a stock exchange filing.
2. Distributors raise a red flag as price war begins in the Cola field?
Some of India's leading distributors are protesting against price wars between FMCG companies, which they said will severely hurt their margins, as soft drinks companies push consumer promotions in states where Reliance Consumer Products has launched CAMPA Cola at prices lower than all national brands.
3. 麦当劳 ’s Opens Restaurants with No Onion, No Garlic Menu Enroute Vaishno Devi
Customers embarking on their journey to the holy shrine of Vaishno Devi can now enjoy a world-class restaurant experience with McDonald’s at two locations – one at New Track- Tarakote Marg and the second at Ardhkuwari, Jammu.
4. Adia signs $500 million cheque for 10% stake in Lenskart at $4.2 billion valuation
Lenskart, the largest eyewear retailer in Asia, said that it signed definitive documents for a $500 million investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The investment will be made via purchasing both primary and secondary shares, resulting in ADIA becoming one of the largest shareholders in Lenskart.
5. Rashmika Mandanna appointed as the Indian brand ambassador for Onitsuka Tiger
Japanese fashion brand Onitsuka Tiger has announced Rashmika Mandanna as India’s first brand advocate. With her stylish persona, playful vibe, and endearing energy, Rashmika resonates well with the brand ethos. She was present at Onitsuka Tiger’s Autumn/Winter 2023 showcase at the Milan Fashion Week wearing a head-to-toe look.
6. MUFTI Expands Product Portfolio, Unveils Spring Summer Collection 23
Mufti, airborne since 1998, has redefined men’s fashion with its unique and fresh designs. Mufti has always given its customers something different to wear every season. So, this spring and summer season it brings you a brand-new collection of men’s wear SS23 to glam up your wardrobe with style quotient.
7. Everstone Capital in talks to offload Burger King stake
Private equity firm Everstone Capital is in talks with General Atlantic to sell its stake in the India master franchise of American fast-food restaurant chain Burger King, people directly aware of the matter said.
Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, holds a 40.9% stake in Restaurant Brands, which holds the license to operate Burger King restaurants in India.
8. Reliance Retail , other top brands eye ‘Value’ space after Zudio’s success
While Reliance Retail is planning to launch a value apparel format, likely to be named ‘Youth’ to compete directly with Tata’s Zudio and Landmark group-owned Max, Shoppers Stop is coming up with a mass-priced brand, internally called InTune, people in the know said.
9. VRO Hospitality Pvt. Ltd. opens its 8th Plan B outlet in Bengaluru's Lulu Mall
India’s fastest-growing F&B group, VRO Hospitality launched its eighth outlet of Plan B in the city on 11th March, in the presence of Bigg Boss participant and social media star Abdu Rozik at the Lulu Mall in Rajajinagar.
The launch of the latest outlet of Plan B by VRO Hospitality is part of its pan-India expansion that takes the total number of this highly popular retro bar to 10 in the country, with Kochi and Hyderabad hosting an outlet each.
10. Wow! Momo Foods brings its 3 brands under one roof with Wow! Eats?
Wow! Momo Foods operates three brands - Wow! Momo, Wow! China and Wow! Chicken - is bringing all these three brands under one roof with the launch of its new format - Wow! Eats to become a unified platform from the multi-brand approach.
11. New e-commerce rules may block inventory-based sales
NEW DELHI: A policy on e-commerce being put in place by the government is expected to put an end to inventory-based sales on platforms like Amazon and Flipkart, as those set up by domestic companies, while also seeking to stop the practice of offering special incentives for using a particular payment service.
12. 沃尔玛 offers affordable Easter meals to lure thrifty shoppers
Walmart Inc said on Monday it would offer Easter meals and bundles at affordable prices, a move aimed at drawing more customers to its stores at a time when egg prices have surged and consumers are keeping a tight grip on their wallets.
13. VAHDAM? India forays into the spices segment?
VAHDAM? India India, the home-grown global wellness brand taking India’s finest teas and superfoods to consumers across the globe, has entered into the spices space. On Tuesday, it announced the launch of VAHDAM Spices, a new product category for the company with the mission to innovate the spices industry.
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