Ace Turtle, India’s leading omnichannel retail platform company, has reached a definitive agreement with Kontoor Brands to become its licensee for India. The partnership will enable Kontoor Brands’ portfolio, including Lee® and Wrangler®, to be sold through a digitally connected network of online retailers and branded brick and mortar stores. Commenting
Office Depot has rejected another takeover attempt by office supply rival Staples, according to a Wall Street Journal report. The parent company of Office Depot, ODP, however, has indicated it’s open to selling its retail and consumer-facing e-commerce operations to Staples or agreeing to a joint venture, according to the
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. The government discussions coincide with a growing number of complaints from India’s brick-and-mortar retailers, which
Deliveroo has drafted in the Next boss, Simon Wolfson, as a non-executive director in a major coup before the takeaway delivery company’s stock exchange listing. It is the first non-executive role that Wolfson, the FTSE 100’s longest-serving chief executive, has taken. It follows this weekend’s confirmation of Deliveroo’s flotation plans
Hyperlocal delivery startup Dunzo has raised $40 million in Series E funding from new and existing investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria among others. The company said it plans to focus on sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and
(Representative image) New Delhi: E-commerce marketplace Snapdeal has partnered with dealers and manufacturers of energy-efficient products and appliances, as users are looking to manage rising electricity bills due to greater time being spent at home. According to the company, people are now opting for electrical appliances with higher star ratings
Tesco announced record sales over Christmas, reporting that in 2020, the sales of vegan Christmas alternatives surged, with the retailer’s largest-ever plant-based festive ranges showing significant increases in interest. This is in line with GlobalData’s research which shows that over *1one in five (22%) consumers are buying less meat, while