#RetailBuzz #Edition9 - What's Buzzing in Retail Industry, a Quick Roundup
1. 麦当劳 to boost restaurant growth, streamline some programs
Burger chain 麦当劳 Corp said on Friday that it would review corporate staffing levels and aim to build more restaurants as part of an updated business strategy.
2. 苹果 begins hiring retail store employees in India
苹果 Inc. has begun hiring retail store workers in India and has plans to fill other roles as the technology company prepares to open stores in the country
3. Reliance Industries Limited Consumer focuses equally on the full FMCG range and backend sourcing
Reliance Industries Limited Industries (RIL) aims to build integrated fast-moving consumer goods (FMCG) companies with plans to enter almost every product category and an equal focus on backend sourcing, according to a regulatory filing.
4. RS Sodhi steps down as Amul India MD, and Jayen Mehta takes charge
RS Sodhi on Monday stepped down as the Managing Director of Amul India Ltd and will be replaced by Jayen Mehta in the interim. Sodhi had been the Managing Director of the Gujarat Cooperative Milk Marketing Federation (GCMMF) since June 2010 and is the President of the Indian Dairy Association.
Beverage giants 可口可乐公司 - and 百事 Inc are under preliminary investigation by the U.S. Federal Trade Commission (FTC) over potential price discrimination in the soft drink market, Politico reported on Monday citing sources.
6. Exclusive: New standards for live commerce in India on the drawing board
The government has initiated talks with stakeholders on a regulatory framework for live commerce in the country.
The Bureau of Indian Standards (BIS), which is under the Ministry of Consumer Affairs, has begun to assess the need for guidelines for the new form of e-commerce, ET has learned.
7. The Whole Truth raises $15 million in Series B funding led by Sequoia Capital India
Health food brand The Whole Truth has raised $15 million in its Series B round, led by Sequoia Capital India
Other investors in the round include existing backers Matrix Partners India and early-stage venture firm Sauce. VC.
8. Pansari Group expects 40% YoY sales growth in FY23; hopes to achieve Rs 350 crore turnover from exports this year
New Delhi: Fast-moving consumer goods (FMCG) firm Pansari Group expects a 40 percent year-on-year(YoY) revenue growth this fiscal as it has ventured into new geographical areas and new product lines, said Shammi Agarwal, director of the company in an interview with ETRetail.
9. Flipkart marketplace arm gets $90 million cash infusion
Flipkart Internet, the marketplace arm of e-commerce firm Flipkart, has received a cash infusion of close to $90 million (Rs 722 crore) from its Singapore parent according to regulatory filings accessed through the business intelligence platform Tofler.
10. METRO AG stores to cater to both retail and wholesale
Reliance Retail , which recently acquired METRO AG 's India wholesale business, will turn the stores into destination retail outlets catering to both trade and consumers, said a senior industry executive aware of the plans.
11. Liquor traders in Delhi for a mix of govt, and private players in the retail business
NEW DELHI: With the Delhi government formulating a new excise policy to run retail and wholesale liquor trade in the city in 2023-24, liquor traders have suggested that private players be allowed to open modern alcohol stores to give a good shopping experience to the customers.
12. Offline shopping and dining out lose steam in November-December
Shopping at brick-and-mortar stores and eating out slowed down in November and December, on a sequential basis, as demand eased after a strong festive season, analysts and executives said. However, retailers and restaurant chains are upbeat about future prospects and look to press on with their expansion plans.
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13. Kiara Advani signed as a brand ambassador for Vedant Fashions Limited - Manyavar-Mohey
The womenswear brand Vedant Fashion Limited signed Advani for its ongoing campaign ? Vedant Fashion Limited-owned bridalwear brand appointed actor Kiara Advani as its new brand ambassador with their ongoing campaign ‘Dulhan Wali Feeling’.? Advani will be pictured as an Indian bride from its latest collection.?
14. TATAS review the super app strategy as sales may miss the target by 50%
Tata Group ’s ambitious super app is expected to meet just half of the sales target in its debut year, forcing the sprawling Indian corporate to review its digital strategy, people familiar with the matter said.
15. HC allows Johnson & Johnson to manufacture and sell baby powder; quashes Maha govt order revoking its license
Mumbai: The Bombay High Court on Wednesday permitted Johnson & Johnson to manufacture, sell and distribute its baby powder and quashed three orders of the Maharashtra government revoking the company's license and asking it to stop the product manufacture and sale, terming them as "stringent, unreasonable and unfair".
16. Hindustan Unilever completes purchase of 51% stake in Zywie, Inc. Ventures
FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a 51 percent stake in Zywie, Inc. Ventures or consideration of Rs 264.28 crore. Now, Zywie Ventures, a wellness company, has become a subsidiary of HUL.
17. The majority of Indian consumers want red labels on ultra-processed food packs and e-commerce listings
A majority of Indian consumers are in favor of front-of-pack read labels to identify ultra-processed foods, as well as clearly visible red labels on packs on e-commerce sites and apps next to the listings, a new report by community social media platform LocalCircles said.
微软 Corp is in talks to invest $10 billion into OpenAI , the owner of ChatGPT , which will value the San Francisco-based firm at $29 billion, online news publication Semafor reported on Monday, citing people familiar with the matter.
19. GOAT Brand Labs acquires Chumbak Design Pvt. Ltd. , and four other brands as the D2C sector sees consolidation set in
GOAT Brand Labs has acquired Chumbak Design Pvt. Ltd. and four other direct-to-consumer ( D2C) brands, taking its portfolio to 20, the eCommerce brand roll-up firm said on Thursday?
Goat, backed by Flipkart Ventures and Tiger Global, did not name the other four brands in its statement. These are relatively smaller in size compared to Chumbak, it said without disclosing details.
20. D2C startup Wakefit raises $40 million in funding led by Investcorp
Wakefit , a direct-to-consumer (D2C) mattress and furniture maker, has raised $40 million led by Investcorp.
The company will use the funds to improve its delivery operations and factory and to make inroads into tier II and tier III cities, cofounders Ankit Garg and Chaitanya Ramalingegowda told ET.
21. CCPA Issues Notices To 亚马逊 , Flipkart , and Snapdeal | AceVector Group For Selling Substandard Toys
Central Consumer Protection Authority (CCPA) on Thursday issued notices to Ecommerce brands 亚马逊 , Flipkart , and Snapdeal | AceVector Group for the alleged sale of toys without BIS quality mark reported PTI.
22. 宜家 India introduces its first external click-and-collect point in Bengaluru
?Ikea India, the Indian arm of the Swedish home furnishings major, launched its first External Collection Point for Click and Collect orders in Bengaluru’s Electronic City in partnership with logistics player GATI.
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