Sagar Malviya, Economic Times Mumbai, 15 April 2024 Spanish fashion company Inditex said it will launch youth clothing brand Bershka and Zara Home in India this year. "Bershka will open its first store in Mumbai Palladium, and Zara Home will open in Bangalore," it said in its latest annual report. Inditex had launched fast fashion brand Zara in 2010 and premium clothing brand Massimo Dutti eight years ago. Its new offering, Bershka, will pitch it directly against Reliance Retail's Yousta, which too targets the younger consumer segment. Being the world's second most-populous country, India is an attractive market for apparel…
Christina Moniz, Financial Express March 18, 2024 It is not difficult to understand why e-commerce firm Flipkart wants a bite of the Q-commerce pie. India’s quick commerce market has been growing year-on-year at 77% to reach $2.8 billion in GMV (gross merchandise value) in 2023, according to a Redseer report. In comparison, e-commerce has been growing at 14-15% year-on-year. No one would dispute that with instant deliveries of products and groceries in 10-20 minutes, quick commerce firms like the Zomato-owned Blinkit, Zepto and Swiggy Instamart have changed the face of e-commerce and retail over the past few years. While quick…
Sagar Malviya & Faizan Haidar, Economic Times New Delhi, 28 February 2024 Reliance is in exploratory talks with British fashion retailer Primark to bring the label to India, a move that will pit it against Tata's Zudio, Landmark Group-owned Max and Shoppers Stop's new value format InTune. The 55-year-old brand, popular for its moderately priced clothing and shoes, has been evaluating the Indian market for the past few years and may partner Reliance through the joint venture or licensing route, said two people aware of the development. Most of their stores will be on the high street due to its…
29 February 2024, Mumbai Prince M. Thomas, TheMorningContext Prataap Snacks should have been an easy sell for Peak XV Partners. The venture capital firm, which till recently was known as Sequoia Capital India, is the largest shareholder in the snack maker with a 47.56% stake. It first invested in Indore-based Prataap Snacks in 2011 and has since seen the company become the sixth largest player in the industry. An exit now would give Peak XV returns that would match some of its best exits, like those from Zomato and Go Fashion. The reality is, finding a buyer for Prataap Snacks…
Kailash Babar & Sagar Malviya, Economic Times Mumbai, 23 February 2024 Tata Group and Reliance Industries, two of India's largest conglomerates, are vying for premium retail real estate in Mumbai as they extend their footprints, creating rivalry in a city starved of marquee properties. From Zara and Starbucks to Westside and Titan, the Tata Group occupies nearly 25 million square feet of retail space in India. That is still no match for Reliance Industries that control three times more at 73 million sq ft for more than 100 local and global brands. But in Mumbai, they are evenly matched, having…
