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Ace Turtle broadens Toys"R"Us footprint with inaugural store in Bengaluru

TFW Bureau Mar 29 2024 - 2 min read

This move is part of ace turtle's strategic initiative to broaden Toys"R"Us's footprint in India, with plans to establish 12 stores by 2024. Currently, Toys"R"Us operates two stores in India, including a retail outlet in Hyderabad and a recently opened flagship store in Mumbai. Situated in the integrated township of Bhartiya City near Hebbal in ...

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Boom in Holy City Retail as Spiritual Tourism Soars

TFW Bureau Mar 28 2024 - 6 min read

CBRE South Asia has announced the findings of its report, ‘Decoding Real Estate through the Spiritual Tourism Lens’. The report highlights retail chains capitalizing on the surge in spiritual tourism across 14 key cities in India. As more pilgrims and spiritual seekers visit holy cities in India, retail brands across segments, including fashion & apparel, ...

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PepsiCo bottler Varun Beverages finalizes purchase of South African bottling company BevCo.

TFW Bureau Mar 28 2024 - 2 min read

Varun Beverages Ltd, PepsiCo’s largest franchise bottler recently announced that it has completed the acquisition of South Africa-based Beverage Company (BevCo) along with its wholly-owned subsidiaries. The acquisition was done after receipt of requisite approvals from PepsiCo Inc and Competition Commission South Africa and now BevCo has become a subsidiary of the company from March ...

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SuperK Raises $6M in Series A Funding Led by Blume Ventures

TFW Bureau Mar 27 2024 - 3 min read

Branded franchised retail chain for small towns of India, SuperK has raised $6 million in a Series A round of funding led by Blume Ventures with participation from Silver Needle Ventures, Veltis Capital, Atrium Angels, and some angel investors and syndicates. The funding will be used for investing in technology infrastructure, hiring, and scaling the ...

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Myntra obtains India franchise rights for UK’s fashion brand Next

TFW Bureau Mar 26 2024 - 2 min read

Myntra, a fashion and lifestyle platform headquartered in Bengaluru, has secured the India franchise and distribution rights for the UK-based fashion brand Next. The company announced that Next has entrusted its distribution and management rights to Myntra Jabong Pvt. Ltd. “We are thrilled to deepen our association with Next and strategically build its omni-channel presence ...

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McDonald's outlets in Sri Lanka shut down due to substandard hygiene conditions

TFW Bureau Mar 26 2024 - 1 min read

McDonald's stores across Sri Lanka were shut on 24th March. This comes as the fast-food giant launched a legal battle with its local franchise holder over allegations of poor hygiene, news agency AFP reported quoting court officials. The stores will be closed till April 14, the Commercial High Court of Colombo ordered after the parent ...

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