Top Stories

Impresario to add 10-15 Social outlets every year

TFW Bureau Apr 15, 2024 - 2 min read

“The company, which also operates restaurant brands like Smoke House Deli and Mocha, remains bullish and optimistic about its growth in India, led by various factors, such as demographic dividend and increasing appetite for premium experiences. “"In the overall food services market, quick service restaurants (QSR) and casual dining restaurants (CDR) are the strongest lever...

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Malls expected to add 6 million sq.ft of operational space in eight key markets

TFW Bureau Apr 13, 2024 - 2 min read

Retail leasing is likely gain added momentum this year, adding around 6 million sqft of operational mall space the key eight markets, taking the overall retail space addition to 6-6.5 million sqft, according to a report. Estimated leasing in the retail sector is expected to sustain 6.00-6.5 million sqft this year fueled by primary leasing...

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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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Ghost Kitchens acquires Ahmedabad-based Shy Tiger Brands

TFW Bureau Apr 10, 2024 - 1 min read

Food-tech platform Ghost Kitchens India on Tuesday said it has acquired Ahmedabad-based cloud kitchen firm Shy Tiger Brands to strengthen its presence in Gujarat. The acquisition comes on the heels of Ghost Kitchens raising $5 million in February 2024 in equity and debt. “The acquisition solidifies Ghost Kitchens’ foothold in the Gujarat market while providing...

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Blue Star anticipates a 25% upsurge in residential air conditioner sales for the June quarter.

TFW Bureau Apr 10, 2024 - 4 min read

Homegrown cooling products maker Blue Star on Tuesday said it expects up to 25 per cent growth in sales of residential AC in the June quarter, the period which accounts for the highest number of sales due to the temperature rise and heat wave. The company has already witnessed up to a 40 per cent...

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Livspace says India business becomes cash flow positive on robust growth

TFW Bureau Apr 10, 2024 - 2 min read

Home renovation platform Livspace has become “cash- flow positive” in India business on the back of robust growth in its revenue, a top company official said. India business contributes 80-85 per cent to the company’s total turnover. The company’s EBITDA losses narrowed to 95.35 million Singapore dollar from 96.86 million Singapore dollar during the period...

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Gargi by PNGS spreads nationwide

Beny Sachdeva Apr 09, 2024 - 2 min read

Gargi by P N Gadgil & Sons (PNGS), a distinguished name in the fashion jewellery realm, strategically launched Gargi Shop-in-Shop (S-I-S) at Shoppers Stop in three key locations across India in just a week. This strategic expansion marks Gargi's entry into Chennai (Tamil Nadu), Shillong (Meghalaya), and Kanpur (Uttar Pradesh), further solidifying its...

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Refections Café on an expansion spree

Beny Sachdeva Apr 05, 2024 - 1 min read

Refections Cafe, a fast-casual American/Continental restaurant opened their 12th franchised cafe at Infinity SK Mall Karkardooma, New Delhi. The brand started its operations in the year 2018 and has taken its count to 12 outlets spanning across four states in India. Rahuul Kakkar, Real Estate Consultant at Space Acquires mentions in a LinkedIn post,...

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Kalyan Jewellers dazzles with an impressive 34% revenue surge in the March quarter.

TFW Bureau Apr 05, 2024 - 2 min read

The recently concluded quarter of Q4 FY2024 has been a very encouraging one, Kalyan Jewellers stated in its quarter update, having witnessed continued robust momentum in both footfalls and revenue across all its markets in India and the Middle East despite a sharp rise in gold price during the second half of the quarter. Q4...

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Swiggy appoints Suparna Mitra as independent director to board

TFW Bureau Apr 05, 2024 - 2 min read

This appointment stands as a significant stride in the company's corporate governance. Mitra, who currently serves as the CEO of Titan Company Limited's Watches and Wearables Division, brings with her an impressive track record spanning over thirty years in the lifestyle and retail industries, enriching the board with invaluable expertise and insight. Mitra's appointment as...

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