Reliance Brands is in talks to take over the India franchisee rights of luxury fashion label Versace, and the company is signing a deal to sell products of another Italian luxury brand Valentino in India.
Black Friday, or the Friday after the Thanksgiving Day in the US, is regarded as the beginning of Christmas shopping season there. Some marketers consider it a “business occasion” to acquire new customers while some others use the occasion to push fresh merchandise sales before winter sales kick in around December 20.
Mitsui looking to invest in firm that will supply fresh food to upcoming 7-Eleven stores, other players. The Japanese conglomerate are working on a similar business of fresh food supplies for 7-Eleven, FoodHall, Big Bazaar as well as other quick service restaurants. Mitsui could look at investing in Galaxy Cloud Kitchen or in a separate venture with Biyani.
Jeff Bezos, the Amazon chief is said to be worried about the changing eCommerce rules in India.
The eating out and entertainment industry has seen an 8-10% drop in revenue in the first fornight of November.
One in every five complaints filed on the helpline was against an e-commerce company.
Nike is more than tripling some of its store sizes to 3,000-5,000 square feet, as is Levi’s, which is expanding to 3,000 sq. ft. Market leader Zara is asking malls to double its space to 25,000-30,000 sq. ft. Benetton has identified 20 top locations in the metros to expand its outlets.
The German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, wading into a debate in India that ecommerce companies like Amazon and Flipkart are hurting small businesses here.
It has hired Sumeet Yadav, former CEO of South African restaurant chain Nando’s in India, to head Hamleys, according to two people aware of the development.
H&M sent out an email to its Delhi office employees that they should work out of home on Monday and they can come late or leave early Tuesday onwards until November 15.
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