The German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, wading into a debate in India that ecommerce companies like Amazon and Flipkart are hurting small businesses here.
It has hired Sumeet Yadav, former CEO of South African restaurant chain Nando’s in India, to head Hamleys, according to two people aware of the development.
H&M sent out an email to its Delhi office employees that they should work out of home on Monday and they can come late or leave early Tuesday onwards until November 15.
The two young Bollywood actors have signed up close to a dozen brands each over the past six months, probably matching the pace at which they have been winning over movie buffs across the country with their performances in films such as Uri: The Surgical Strike and Andhadhun.
Portal takes bank to HC for deducting charges from its account, says airline is liable for payment not MMT.
The phenomenon of mini-sized versions has been gaining ground in high-end cosmetic products in India. Cos say the trickle of selling beauty products in mini size is now becoming a flood and brands are cashing in on the millions of Indians.
On a weekday, just weeks before Diwali, Chanakya luxury mall in New Delhi’s diplomatic enclave illustrates the prevailing sentiment. Hardly any customer is seen carrying shopping bags that are common before the biggest festival.
Footfalls at prominent malls take a knock, very few walk-ins get converted to purchases.
Brick-and-mortar retailers and companies are hopeful that this weekend will see a jump in sales as the festive season kicks in. Retailers say the weeks of shopping spree ahead of the festival season has been trimmed down to one weekend.
Talks between Nexus malls and Prestige to merge the mall business in order to create the largest mall operator in the country is in its initial stage. If talks fructify, the combined entity could get enlisted as a real estate investment trust.
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