Retail industry news : Gymboree Corporation, an American children’s apparel retailer, has announced its decision to shut down business at about 350 of its stores to channelize its financial resources on potentially profitable locations. According to the latest apparel retail news, the stores closure from the American clothing retailer is in accordance of a court-supervised […]
Walmart has signed a deal to acquire online apparel company Bonobos for $310 million in an all-cash deal just a day after the retail acquisition news of Amazon acquisition of Whole Foods Market for $13.7 billion. While Amazon has been looking to make a presence on the physical front, Walmart on the other hand is […]
Baba Ramdev’s Patanjali Food Park in Assam is in trouble after the Assam Forest Department filed an FIR against its builder today for indirectly causing harm to wild elephants. The FIR was registered in the Sonitpur district where Patanjali’s Mega Herbal and Food Park is coming up at an investment of INR 1,300 crore. Salanibari […]
Prabhat Dairy will invest Rs 140 crore for a new production line for cheese in Maharashtra to tap into the growing demand for the dairy product in the country. The new production line will be commissioned at its dairy facility in Shrirampur in Ahmednagar district. Prabhat Dairy mainly produces three cheese varieties which include mozzarella, […]
Future Group has agreed to acquire the retail business of Heritage Foods by issuing 3.65% stake or freshly issued shares worth Rs 295 Crores to the latter. Heritage Foods is owned by the Andhra Pradesh Chief Minister N Chandra Babu Naidu family. Its retail unit includes the Heritage Fresh chain of supermarkets. The Kishore Biyani led Future […]
Health and beauty retailer Saje Natural Wellness is all set to foray into the US with new storefronts. Based in Vancouver, Saje has been making essential oil blends, body care, home and wellness products made from natural and plant-based ingredients for over 25 years across 45 stores in Canada. Saje Natural Wellness’ first ever store […]
Online retail giant Amazon has launched ‘Global Store’ in India through which customers can buy products sold on the Amazon US website and pay for them in INR. This move from Amazon is considered to be directed against its rival in India – Flipkart which has been leading the Indian e-commerce segment. With the Amazon […]
Super luxury sports car Aston Martin DB11 has been launched in India with exclusive road shows happening across different cities. Aston Martin DB11 price in India is INR 4.27 crore reportedly and the first deliveries of the super luxury car are slated to begin during the fourth quarter of this year. Globally, Aston Martin DB11 […]