Top Stories

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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Silicon Central Mall opens the UAE's first Zudio store.

TFW Bureau Sep 03, 2024 - 1 min read

The brand’s brick-and-mortar pilot is designed to tap into the area’s demand for fashion and its Indian diaspora population. “Absolutely delighted to welcome Zudio to Dubai and join with Noel Tata, Managing Director of Tata International, to inaugurate the first international store at Dubai Silicon Central Mall,” announced Lulu Group International’s executive director Ashraf Ali...

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Entrepreneur Siddhartha Yog acquires over 1 million shares of Trent for Rs 718 crore.

TFW Bureau Sep 03, 2024 - 1 min read

Global investor Siddhartha Yog acquired over 10 lakh shares worth Rs 718 crore of Tata Group retail firm Trent Ltd through an open market transaction. Yog is the founding partner of Xander Group Inc., an emerging markets-focused investment firm that currently manages assets of more than $3 billion. According to the block deal data available...

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Raymond Lifestyle to add 900 stores in 3 years, says Gautam Singhania

TFW Bureau Aug 31, 2024 - 1 min read

Ahead of getting listed on the bourses on Sept 5, Raymond Lifestyle Chairman says the company is planning to add 900 new stores in the next three years. In an interview to ET, Gautam Singhania, Chairman, Raymond Lifestyle says the company will target 12-15% annual sales growth and 18-20% operating growth profit. Shares of Raymond...

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Marriott International Partners with Icon Group to Introduce Fairfield by Marriott Brand in Mohali

TFW Bureau Aug 31, 2024 - 2 min read

Marriott International, Inc. has signed an agreement with The Icon Group to launch the Fairfield by Marriott brand in Mohali, one of Chandigarh's most well-planned cities. The upcoming hotel will feature 106 keys and will be part of a mixed-use development that includes retail spaces and a multiplex cinema. Set to open in January 2027,...

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Aditya Birla Group’s Indriya Expands to Ahmedabad, Strengthening Presence in Indian Jewellery Market

Beny Sachdeva Aug 31, 2024 - 1 min read

Aditya Birla Group is continuing to expand its jewellery retail business under the brand name Indriya. Following the recent launch of four stores in Delhi, Indore, and Jaipur, the Group has now opened a new store in the bustling Shivranjani area of Ahmedabad. This marks Indriya's latest foray into the rapidly growing ₹6.7 lakh crore...

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Zepto Secures $340 Million in Latest Funding Round, Boosting Valuation to $5 Billion

Beny Sachdeva Aug 30, 2024 - 1 min read

The latest funding round was spearheaded by General Catalyst, with new investors Dragon Fund and Epiq Capital joining in. Zepto, the quick commerce unicorn, has secured $340 million (over Rs 2,850 crore) in this follow-on financing round, elevating the Mumbai-based company's valuation to $5 billion, confirms a company official. This fundraising comes shortly after...

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Country's leading retailer Reliance Aims to Double Retail Business in 3-4 Years

TFW Bureau Aug 29, 2024 - 2 min read

Reliance is aiming to double its business in next three to four years, its Director Isha Ambani said at the AGM. For the financial year ended on March 31, 2024, Reliance Retail recorded a gross revenue of Rs 3.06 lakh crore (USD 36.8 billion), recording a growth of 17.8 per cent over the last year.

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Zomato launches food expense management platform 'Zomato for Enterprise'

TFW Bureau Aug 29, 2024 - 1 min read

The introduction of ZFE comes nearly a week after the company shut down its 'Intercity Legends' service. Legends offered iconic dishes from 10 cities to other parts of the country. The company had earlier put on hold the service and restarted it in July with a few tweaks. In a post on micro-blogging platform X,...

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Tanishq launches flagship store in Muscat, Oman

TFW Bureau Aug 28, 2024 - 1 min read

Jewellery retailer Tanishq has launched its first flagship store in Muscat, Oman. The new store is located at Oman Avenues Mall in Muscat. The announcement regarding same was made by Titan Company Limited, Tanishq’s parent company, on its LinkedIn page. This expansion marks Tanishq’s entry into the third country in GCC, after UAE and Qatar....

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