Reliance Industries in talks to bring British fashion retailer Primark to India

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February 29, 2024

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…

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Sequoia struggles to sell Prataap Snacks

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February 29, 2024

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…

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Realty race in Maximum City as Tata Group, Reliance Industries keep on shopping

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February 23, 2024

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…

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Package Deal

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February 21, 2024

Sharleen D'Souza, Business Standard Mumbai, 20 February 2024 Over the past year, Amul has undergone a transformative journey, evolving from a dairy-centric entity to a comprehensive foods company. Since 2022, PepsiCo India, too, has embarked on extensive launches in the food category. Not to be left behind, ITC, which has been introducing an average of 100 fastmoving consumer goods (FMCG) products across categories every year, has also launched a number of packaged food items. The shelves in stores are packed. The options on e-commerce platforms are dizzyingly aplenty. The consumer is spoilt for choice. Which flavour of oats to go…

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Desi versus videshi retail: Global brands are making more space for themselves

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January 29, 2024

Economic Times, 29 January 2024 High aspirational value, rising disposable incomes in non-metro markets, premiumisation, and social media boosting brand awareness have led to international retail brands growing at a fast pace while desi brands go easy on expansion. Global brands such as Zara, H&M, Bugatti Fashion, La Vie en Rose, Adidas, Nike, West Elm, Starbucks, Uniqlo and Marks & Spencer are fast finding favour with Indian buyers. A significant propeller of their growth is small towns where buyers, willing to spend more, are getting more brand conscious. According to CBRE, about two dozen international brands entered India in 2023…

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