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$401 million investment surge in the hospitality sector during FY23 : JLL

TFW Bureau Apr 01 2024 - 3 min read

Hotel Investments in India touched $401 million in 2023 which was nearly a four-fold increase in the volumes witnessed in 2022. As many as 25% of the overall value of transactions involved under-construction hotels in both business and leisure destinations, a report by JLL titled. Hotel Investment Trends - India 2023 showed. High Net ...

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Former HUL CEO Mehta collaborates with PE fund L Catterton for a joint venture focused on India.

TFW Bureau Mar 29 2024 - 2 min read

Former Hindustan Unilever chief executive Sanjiv Mehta has teamed up with the world’s largest consumer-focused investment firm L Catterton to launch an India-focused investment vehicle. Mehta, who headed Hindustan Unilever (HUL) for ten years till 2023, has formed the India consumer sector-focused joint venture with L Catterton to develop a new investment vehicle, as per ...

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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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