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Abhishek Gupta is new CFO for Lenskart

TFW Bureau Oct 23, 2024 - 1 min read

Lenskart has recently appointed Abhishek Gupta as its Chief Financial Officer (CFO). Gupta previously held the position of CFO at OYO for nine years. According to Gupta’s LinkedIn post, he left OYO in earlier this year to join Lenskart. In his role as CFO, he will provide direction for long-term strategic planning and execution, focusing on...

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Zudio Unveils New Store at World Street by Omaxe, Expanding Fashion Offerings in Faridabad

TFW Bureau Oct 22, 2024 - 1 min read

Tata Group’s value retail fast fashion chain Zudio has launched a new 10,000 sq-ft store at World Street by Omaxe, marked by a special inauguration event attended by senior management from both Omaxe and Zudio. The addition of Zudio enhances the diverse retail options at World Street, which already hosts over 200 brands, solidifying its reputation...

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Retail Sales See 5% Year-on-Year Growth in September 2024: RAI Survey

TFW Bureau Oct 22, 2024 - 2 min read

Retail sales in September 2024 showed a gain of 5% as compared to the sales levels during the same period in September 2023, Retailers Association of India (RAI) said in its latest edition of its Retail Business Survey. According to the survey, North India saw sales growth of 7%, followed by West and South India...

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Bakingo Celebrates Milestone with the Opening of its 100th Kitchen in India

TFW Bureau Oct 21, 2024 - 1 min read

Bakingo, a prominent player in India’s hospitality and bakery sector, has reached a significant milestone with the opening of its 100th kitchen. The brand, known for its online bakery services, continues to grow its presence in cities like Patiala, Jaipur, Meerut, Dehradun, Bahadurgarh, Agra, and Chennai, further enhancing its reach across India's diverse markets. Bakingo's strategic...

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Zomato-owned Blinkit to Establish Express Dark Stores for 30-Minute Delivery of High-Value Items

TFW Bureau Oct 21, 2024 - 1 min read

Blinkit, Zomato's quick commerce platform, is set to introduce a new category of high-value items, including jewelry, with a 30-minute delivery service starting next year. Supported by a network of "express dark stores," the initiative is expected to roll out by mid-FY26. This move aims to increase Blinkit's average order value (AOV) and intensify competition...

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American homecare brand Bissell re-enters India after six years

TFW Bureau Oct 21, 2024 - 3 min read

Bissell, a Michigan US-based homecare solutions provider, has re-entered India with its range of vacuum cleaners after six years, expecting the country to be a “very important market in the future”. Though India is a relatively small market for floor care globally, looking at its demography and growing economy, it is an investment for the...

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Reliance forms JV with Mothercare

TFW Bureau Oct 18, 2024 - 2 min read

India’s leading retailer Reliance Retail Ventures Ltd announced the formation of a joint venture with Mothercare plc, a global specialist in products for parents and young children. Reliance Brands Holding UK Limited (RBL UK), a wholly-owned subsidiary of Reliance Brands Limited, will form the JV that will own the Mothercare brand and its intellectual...

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Wyndham all set to launch their budget hotel brand Microtel in India

TFW Bureau Oct 18, 2024 - 1 min read

Wyndham Hotels and Resorts will soon introduce its budget hotel brand Microtel in the country. Aiming to deepen its presence in India, the world’s largest hotel chain by number of properties has signed an exclusive development agreement with Nile Hospitality LLP and plans to open 40 properties by 2031. “The agreement underscores the company’s commitment to expanding in...

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Nestle India Q2 result: Profit marginally down to Rs 899.49 cr from Rs 908.08 crore in July-September period a year ago

TFW Bureau Oct 18, 2024 - 3 min read

FMCG major Nestle India Ltd on Thursday reported a marginal decline of 0.94% in its net profit at Rs 899.49 crore for the second quarter that ended September 2024 as some of its key brands faced softer consumer demand and high commodity prices. The company had posted a net profit of...

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Bikaji Foods to acquire 53% stake in The Hazelnut Factory

TFW Bureau Oct 17, 2024 - 1 min read

Bikaji Foods International Ltd recently announced that it will acquire a 53.02% stake in Hazelnut Factory Food Products Pvt Ltd for Rs 131.01 crore to mark its foray into the quick service restaurant segment. Bikaji Foods Retail Ltd (BFRL), a wholly owned subsidiary, will make a strategic investment of Rs 131.01 crore for an acquisition...

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