Top Stories

CKE Restaurants names Brand Presidents for Carl's Jr. and Hardee's

Nusra Apr 04, 2024 - 2 min read

Following the separation of the Carl's Jr. and Hardee's brand, the business approach includes a leadership structure with three teams, each led by a president driving execution of strategic growth plans. Mike Woida will continue to lead as International President, Chris Bode was named Hardee's USA President...

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Ashish Kacholia acquires a 17.2% shareholding in Jumboking, India's leading homegrown burger chain.

Beny Sachdeva Apr 04, 2024 - 2 min read

Ace investor Ashish Kacholia has acquired a 17.2% stake in the popular Indian burger chain Jumboking. Kacholia's share now makes him the second-largest shareholder in the company. The exact amount of the investment has not been disclosed, but it was made through a secondary market transaction following the exit of Triton Fund, an earlier investor...

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Lemon Tree Hotels announces the appointment of Vilas Pawar as the CEO, Managed & Franchise Business

Beny Sachdeva Apr 03, 2024 - 2 min read

Vilas Pawar has been promoted from CEO, Franchise Business, Lemon Tree Hotels to lead the company as CEO of Managed & Franchise Business in its next phase of growth and development. With his extensive experience in Hospitality industry, Pawar brings a wealth of knowledge and leadership to the role. Pawar lead the franchise division with...

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Karan Johar graces the grand opening of Tyaani's first store in Chandigarh

Beny Sachdeva Apr 03, 2024 - 1 min read

Crafted specifically for the contemporary Indian woman, Tyaani, an exquisite jewellery brand founded by Karan Johar, unveils its latest store in Chandigarh. The store is located in the heart of the city in sector 17 E. Tyaani by Karan Johar has its presence in Delhi, Mumbai, Bangalore, Hyderabad & Chandigarh and the brand operates via...

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Royal Orchid Hotels plans to open 35 new properties, boasting a total of 2,000 rooms, by the end of FY25.

TFW Bureau Apr 02, 2024 - 1 min read

Royal Orchid Hotels is planning to add 30-35 new properties with about 2,000 rooms in the 2024-25 fiscal as part of its expansion plans across India, according to its Chairman and Managing Director Chander K Baljee. The company, which operates hospitality properties under the Royal Orchid and Regenta brands, is also looking to expand its...

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ABFRL to demerge Madura business into separate listed entity

TFW Bureau Apr 02, 2024 - 3 min read

The ABFRL board at its meeting held on Monday authorised the management of the company to evaluate the vertical demerger of Madura Fashion & Lifestyle business, according to a company statement. “The proposed demerger will enable the creation of two separately listed companies as independent growth engines with distinct capital structures and parallel value creation...

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Hindware joins hands with the Swedish brand Altered

Beny Sachdeva Apr 01, 2024 - 2 min read

Hindware has partnered with the Swedish innovation company, Altered, tobring these revolutionary nozzles to market under ‘Aqua Pro Water Saving Solutions’. Through this strategic partnership, Hindware gains access to Altered's patented technology and has started manufacturing of these groundbreaking water-saving nozzles at its own plant. This move aims to make these innovative solutions more affordable...

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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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