Written By Aditya Kalra & Abhirup Roy MUMBAI, June 30 (Reuters) - Reliance Industries (RELI.NS) said on Thursday it would open outlets of Pret A Manger in India under a franchise deal with the British sandwich and coffee chain, a first foray by the Indian firm in the country's growing food and beverage industry. Reliance Brands Ltd (RBL), a unit of the conglomerate that also runs India's biggest retail chain, would start by opening branches of Pret, as the brand is known in Britain, in big Indian cities, both companies said. RBL Chief Executive Darshan Mehta said in joint statement…
June 28, 2022 Edited by Surabhi Shaurya, India.com The blanket ban on single-use plastic items from next month poses a challenge to cool beverages such as Frooti, Real, Tropicana and Maaza. Earlier, beverage company Parle Agro, which owns Frooti and Appy had also urged the government to extend the deadline to implement the ban on plastic straws by six months. For the unversed, the government’s ban on single-use plastics, including plastic straw, is going to be effective from July 1, 2022. Calling the government’s decision a ‘hasty ban’, Parle Agro had said it will ‘negatively impact’ overall businesses of the…
Written By Arnika Thakur The transition happened almost overnight — how people took to ‘10-minute delivery’, despite reservation. Today the digital equivalent of getting someone to run to the nearest convenient store for a carton of milk or a bag of groceries, thanks to quick commerce or roughly 10-45 minute delivery apps like Dunzo, Zepto, Blinkit and others, is not only attracting lakhs of consumers across major cities, but has also caught the fancy of investors alike. The trend was, of course, fuelled by the pandemic when the fear of being out of stock during shelter at home restrictions led…
Written By Christina Moniz Prashanth Aluru, a former Facebook and Bain hand, will be behind the steering wheel for this venture The Aditya Birla Group has just announced the launch of its ‘house of brands’ business entity, TMRW, to support digital fashion and lifestyle brands. TMRW, which will operate as a wholly owned subsidiary of Aditya Birla Fashion & Retail (ABFRL), aims to build and buy over 30 brands in the next three years, the company said in a statement. With this move, the company expects to make its entry into the D2C market, which is expected to be reach…
Written By Mukherjee, ET Bureau Top listed retail chains such as Aditya Birla Fashion & Retail, Avenue Supermarts and Tata-owned Trent are going to lead store additions through the next financial year, as they double down on expansion after the pandemic, company executives and analysts said. As per a recent report by ICICI Securities, 16.7 million square feet of retail space would be added by eight large, listed retail chains between FY21 and FY24 as compared to 8 million square feet added in the preceding four years of FY18-21. These companies also include Titan, Bata, V-Mart, TCNS and Shoppers Stop.…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
