Malls are asking for share in revenue on any sales emanating from the digital kiosk that retailer put in the outlets even if the real sales is happening online and store is not even involved in the delivery.
Analysts say food and beverage is the focus area for developers and they are offering space to established chains in their malls through such arrangements.
Sharma quit Walmart in August and joined Siam Makro of Thailand, which is investing Rs 1,000 crore to establish a chain of cash-and-carry outlets in India.
DRI and the customs department seized more than 50 tonnes of red sanders logs along with documents and a passport belonging to a Patanjali representative, said people aware of the matter.
“Amazon is now a vendor on Amazon.in and is currently operating in Pune,” said a person familiar with the development. The products are sold by Amazon Retail India Pvt. Ltd.
The annual revenue generated by the plaintiff from the sale of its products under the mark Patanjali in the financial year 2016-17 was Rs 9,000 crore.
The Yoga guru, whose company now makes and retails food and consumer items, expressed his ambition to outsell global consumer giants Unilever and P&G.
Mothercare is the latest brand after Mango, Forever 21 and Sephora, among other global labels, to change hands from DLF Brands.
It’s difficult to make most of those products in India due to various reasons including economies of scale, non-availability of the required technology or raw materials, they said.
Higher customs rates to make imported phones, LED panels, beauty care products and other items costlier. Setback for firms already facing poor demand as consumers hold back discretionary spending.
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