Twenty Four Seven

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 ...

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 ...

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 ...

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 ...