Twenty Four Seven

Godfrey Phillips Moves Forward with 24Seven Retail Business Sale

Beny Sachdeva Sep 04, 2024 - 1 min read

After weeks of speculation, sources have now confirmed that Godfrey Phillips has signed a term sheet with the start-up New Shop for the sale of its 24Seven retail business, according to sources cited by Franchise India Bureau. This move comes as both parties aim to finalize the deal by the end of September. This significant ...

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Uncertainty Surrounds Future of 24Seven Stores: Will 7-Eleven Step In?

Beny Sachdeva Aug 07, 2024 - 2 min read

While there is no confirmed information yet about whether 7-Eleven, operated by Reliance Retail, will acquire the closed 24Seven stores owned by Godfrey Phillips India Ltd. However, there may be ongoing discussions. The future of the 24Seven chain remains uncertain. Established in 2005, 24Seven had nearly 145 stores operational until last week across the Delhi-National ...

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Godfrey Phillips to go ahead with exit from retail business under 24Seven

TFW Bureau Aug 01, 2024 - 2 min read

Cigarette maker Godfrey Phillips India Ltd. recently said it is going ahead with plans to exit from the retail business operated under the ‘24Seven’ brand following the setting aside of an interim injunction on the move by a district court in the Capital. Earlier an injunction order was passed against hiving of the retail business ...

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Godfrey Phillips to exit from its retail business division ‘24Seven’

TFW Bureau Apr 12, 2024 - 1 min read

Godfrey Phillips India Ltd announced that it has decided to exit its retail business division being operated under the name ‘24Seven’ after due consideration of the stakeholders’ feedback during its board meeting.  “We wish to inform you that following a detailed review of the company’s retail business division being operated under the name ‘24Seven’ and after due ...

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