Britannia rumoured to be creating a new senior management position

As per news reports, Britannia is in the process of creating a new position of CEO who will report to the MD, Varun Berry. Mandate is already supposed to have been given to the head hunters to look for a suitable candidate. The step definitely seems to be targeted towards smoother succession of Varun Berry … Read more

Indian businesses emerging stronger from pandemic: Unilever

Global chief executive Alan Jope said the Indian business is emerging stronger from the pandemic but mobility and consumer sentiments remain below pre-pandemic levels. “We are emerging stronger from the pandemic with over 75% of the business winning market share and household penetration continuing to grow well. Mobility and consumer sentiments still remain below 2019 … Read more

Amazon moves Supreme Court against Future Group shareholders’ meet

American retail giant Amazon has moved the Supreme Court, appealing against a National Company Law Tribunal (NCLT) order that had allowed the Future Group’s listed companies to hold shareholders’ and creditors’ meetings to clear its proposed transaction with Reliance Retail Ventures. In its application, Amazon has urged the Supreme Court to pass an order to … Read more

Dmart CEO Ignatius Noronha becomes billionaire

Ignatius Navil Noronha, the chief executive officer of Avenue Supermarts Ltd, which runs DMart retail stores, has seen his wealth surge to more than a billion dollars as the shares of the retail firm jumped an astonishing 113% this year. The stock hit a fresh record high of ₹5,899 on BSE and gained as much … Read more

FMCG major Adani Wilmar rolls out ‘Fortune Mart’ stores

FMCG major Adani Wilmar on Monday said it has opened 12 physical stores under the brand name “Fortune Mart” across six states and plans to start outlets across the country. “Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products,” the company said … Read more