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Day: October 13, 2019

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET Retail

New Delhi: Global retail major Walmart Inc is planning to demerge PhonePe, the payment system and digital wallet company of Flipkart, so that its ownership will be vested directly with the US retail giant, two people familiar with the transaction told ET. The proposed move will pave the way for Walmart to get into India’s …

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET RetailRead More

The Lost Alhambra, Leicester Square, London

The Lost Alhambra, the latest addition to the Adventure Bar Group portfolio, has now opened in central London. The site at 28a Leicester Square was secured by specialist UK leisure property agency, Shelley Sandzer. The new concept has been inspired by The Alhambra Theatre of Variety – a popular music hall open from 1854 to …

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This woman-owned kombucha business booms after ‘Shark Tank’

With the popularity of specialty teas on the rise, it’s no wonder Kombucha has made a name for itself in the beverage sphere. Kombucha, a fermented probiotic tea, earns gold stars for a number of benefits, including promoting a healthy digestive system. But here’s the downside: The fizzy tea is a little pricey – typically …

This woman-owned kombucha business booms after ‘Shark Tank’Read More

‘Tesco could have gone under’: how Dave Lewis saved the firm from disaster | Business

When Dave Lewis took the helm of Tesco five years ago he whisked his 15 most senior managers off to a remote holiday cottage in Norfolk. There, the assembled executives were forced to step out of the executive bubble and get back to basics: shopping for food and cooking for themselves. It was the autumn …

‘Tesco could have gone under’: how Dave Lewis saved the firm from disaster | BusinessRead More

DPIIT holds meeting with Amazon, Flipkart following CAIT complaint, Retail News, ET Retail

New Delhi, Senior officials of the Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday held meeting with representatives of e-commerce firms Amazon and Flipkart following a complaint by traders’ body CAIT. Confederation of All India Traders (CAIT) Secretary-General Praveen Khandelwal has alleged that e-commerce companies are following unethical business model and are …

DPIIT holds meeting with Amazon, Flipkart following CAIT complaint, Retail News, ET RetailRead More