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Deloitte India unveiled a comprehensive thought leadership publication titled, Retail FDI in India highlighting the growing relevance of foreign direct investment (FDI) and the government’s openness on FDI in retail trade in the country. According to the publication, the increasing FDI and entry of multinational retailers in India is expected to increase the share of
A customer enters a Pizza Hut restaurant in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Pizza Hut’s largest U.S. franchisee is weighing restructuring options, including bankrutpcy, Bloomberg reported Wednesday. NPC International, which has about $1 billion in debt, operates nearly 400 Wendy’s restaurants and more than 1,200 Pizza Huts. People familiar with the
Les Wexner, the billionaire retailer who made Victoria Secret one of the most famous brands on the planet, has sold control of the troubled lingerie company as it deals with declining sales and the fallout of a scandal involving Wexner’s ties to convicted sex offender Jeffrey Epstein. Wexler, 82, announced on Thursday that he would
Food ordering and delivery platform Swiggy on Wednesday said it has raised US$ 113 million (over Rs 805 crore) in the latest funding round led by existing investor Prosus NV. Meituan Dianping and Wellington Management Company also participated in the funding round. Having grown beyond food delivery, the company aims to use the funds to
Victoria’s Secret, which once dominated the lingerie category with its sexy image, will go private in a deal that shows how far the brand as fallen out of favor. Private equity firm Sycamore Partners will acquire a 55% share in Victoria’s Secret from its owner L Brands for $525 million, the companies announced Thursday. Upon the
Tills are ringing merrily in the high streets and it is all down to Boris Johnson. Thanks to the prime minister the dark clouds of uncertainty are now scudding away and a grateful nation feels free to start spending again. Really? Sure, there was a chunky rise in retail sales in January but in the