Category: India Retail News
Hasbro looks to Entertainment One to turn it into a media contender
Game maker Hasbro. Justin Sullivan | Getty Images Roughly three months after Hasbro closed its $3.8 billion acquisition of Entertainment One, the pandemic struck, upending the entertaintment industry. Covid shut down production and restricted in-person contact between the Rhode Island-based toy company and the Toronto-based studio known for “Peppa Pig” and “PJ Masks.” Although Hasbro …
Hasbro looks to Entertainment One to turn it into a media contenderRead More
Thousands of Asda jobs at risk in online shopping push | Asda
Approximately 5,000 jobs are at risk at Asda, which is shutting two warehouses and eliminating thousands of back-office jobs as part of an online grocery push. The Leeds-based company confirmed a formal consultation with staff had begun as it sought to close two so-called dark stores in Dartford and Heston and switch to picking grocery …
Thousands of Asda jobs at risk in online shopping push | AsdaRead More
Papa John’s (PZZA) Q4 2020 earnings miss
Signage outside a Papa John’s International pizza restaurant in Louisville, Kentucky, on Monday, Feb. 22, 2021. Luke Sharrett | Bloomberg | Getty Images Papa John’s quarterly earnings missed estimates as higher food costs, a new corporate office and employee bonuses weighed on profits, even as demand for its pizza remains high. The company’s stock fell more than …
Primark sales plunge by £1.5bn but chain ‘expects to break even’ | Primark
Primark sales dropped by £1.5bn year-on-year during the last six months while the fast fashion retailer’s stores were closed by pandemic restrictions. The retailer estimated it would sell £2.2bn of goods in the 24 weeks to 27 February, £1.5bn lower than the equivalent period in the year before, its owner, the conglomerate Associated British Foods, …
Primark sales plunge by £1.5bn but chain ‘expects to break even’ | PrimarkRead More
B2B ecommerce- Unlocking the potential of thousands of MSMEs in India, Retail News, ET Retail
By Peter George Bengaluru based Vishwanathan Ramakrishnan, along with his childhood friend Karthik Lakshaman, wanted to make learning experience for children fun by creating unique products in the education technology space. That is how start-up Magic Crate was conceived but building a suite of creative products for children with limited funds meant several amenities had …
UK economy at the crossroads before lockdown ends | Business
Covid cases fall during lockdown The number of daily new confirmed coronavirus infections has fallen in the past month but remains higher than in the first wave of the pandemic. As the government plots a course to relaxing Covid restrictions in four stages this spring, the seven-day average for the number of deaths within 28 …
UK economy at the crossroads before lockdown ends | BusinessRead More
100% electric mobility by 2030: Flipkart drives towards sustainability with EV100
“As a homegrown company, we always pride ourselves in making e-commerce more inclusive, progressive and impactful for all our stakeholders, which also includes communities and the planet,” said Flipkart Group CEO Kalyan Krishnamurthy. “Our commitment to the Climate Group’s EV100 initiative ties in with this larger vision of environmental sustainability and allows us to learn …
100% electric mobility by 2030: Flipkart drives towards sustainability with EV100Read More
CEO Special: Easybuy to strengthen digital presence, omni-journey & reach 100 stores in FY21 – Anand Aiyer
It is said that leadership is an influence. One doesn’t lead by pointing at a place and asking people to go there. One leads by going to that place and making a case. Similarly, leaders from different brands had to lead from the front in this fight for survival. The last one year was time …
Flipkart readies gamma shield against future changes in India’s FDI policy for e-commerce, Retail News, ET Retail
New Delhi: Flipkart plans to introduce a third layer of sellers—codenamed gamma sellers—on its platform to scale down the dominance of preferred retailers that account for a substantial percentage of sales on the e-commerce marketplace. It intends to limit the share of each large seller’s sales on its platform to 5%, three people aware of …
Everstone Capital sells Modern Foods to Mexico’s largest bakery firm: Report
Home grown private equity fund Everstone Capital has sold its iconic bread brand Modern Foods to Mexico’s largest food and bakery company, Grupo Bimbo, according to a report by the Economic Times. Everstone’s bread and bakery platform Everfoods Asia, predominantly consists of Modern Bread brand that Everstone had acquired from Hindustan Unilever in 2016. It also includes other brands such as Cookie Man. As …
Everstone Capital sells Modern Foods to Mexico’s largest bakery firm: ReportRead More
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