Samar Srivastava, Forbes India Mumbai, 28 November 2014 When Forbes India first visited Burger King in July this year, its office in Mumbaiโs Lower Parel business district was a beehive of activity. Employees were busy scouting for locations, negotiating with suppliers, conducting blind tastings and fine-tuning the international hamburger chainโs India menu. At the time, the $1.1 billion (2013 revenues) global fast food giant was still a quarter away from launching in India, but the countdown had begun. A late entrant into the market, Burger King has seen many a competitor trip in its understanding of the Indian consumer. Which…
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Devjyot Ghoshal, Quartz India 27 November 2014 The founder of e-commerce giant Alibaba and China’s richest man, Jack Ma, is in India after apparently being swayed by the persuasive powers of prime minister Narendra Modi to come and do business in the subcontinent. And expectedly, his visit to New Delhi has got India’s fledgling e-commerce industry rather excited. Alibaba, after all, is one of the world’s largest internet companies and raised an astounding $25 billion in its initial public offering (IPO) this September. Yet, Ma and Alibaba need India just as much as India need the Chinese e-commerce behemoth. For…
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Raghavendra Kamath, Business Standard Mumbai, 24 November 2014 When quizzed on whether Nilgiris, the south India-based supermarket chain recently bought over by Future Consumer Enterprise, would be rebranded or not, Future Group chief executive and founder Kishore Biyani says, "Not at all, we bought it for the brand." There had been speculation, with the acquisition in the works from earlier this year, that the chain might be rebranded as KB's FairPrice, which is a small grocery chain. In a way, Biyani would relate to Nilgiris. If he was an apparel manufacturer who made it big in retail, the Nilgiris-founder, Muthuswami…
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Manu Kaushik and Arpita Mukherjee, Business Today New Delhi, 23 November 2014 Ahmedabad-based Anish Nagpal has been selling products online since December 2011. He sells clothing, footwear and home decor under his own brands, Cenizas and Macoro. In October, as festival buying peaked, Nagpal's company cashed in by selling over 80,000 items, much higher than the average of some 50,000 in other months. However, around 90 per cent of his sales, in terms of the number of items, were on Flipkart and Snapdeal, the two big e-commerce rivals which, fattened with funding, have unleashed high-decibel advertising campaigns. The others -…
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