Colgate India: Global brands like Unilever, Colgate in India have mutiny at hand

From Plc to Colgate-Palmolive Co., consumer goods makers in India are facing distribution blues that have nothing to do with pandemic-induced shortages and bottlenecks. The trusted middlemen that brands have traditionally relied on to reach millions of small neighborhood stores in 8,000 towns and 660,000 villages are in revolt. It’s a mutiny that the multinationals … Read more

Delhi HC puts on hold arbitration proceedings between Amazon and Future

Delhi High Court on Wednesday halted Future Group’s ongoing arbitration with estranged partner Inc in light of an Indian antitrust agency’s suspension of a 2019 deal between the two sides. The US company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer’s attempt to sell retail … 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

Online shopping will thrive, but malls are here to stay: M.A. Yusuff Ali

Abu Dhabi-based Lulu Group International has opened a shopping mall in Bengaluru after the pandemic somewhat delayed its mall development pipeline in India. Global Malls, an 800,000 sq. ft property in Rajajinagar, opened on Monday and is spread across 14 acres. The mall has a 200,000 sq. ft Lulu Hypermarket and a 60,000 sq. ft … Read more

Reliance Retail to launch 7-Eleven Convenience stores in India starting October 9th

Immediately after Future Retail announced the termination of agreement with 7-eleven, Reliance Retail announced a similar Master Franchise Agreement to launch 7-Eleven Convenience stores in India. Further interesting is the fact, that the 1st store is getting opened within the next 2 days, i.e., October 9, 2021 in Andheri East, Mumbai. Sequence of events clearly … Read more

Future Retail mutually terminates agreement with 7-Eleven

Future Retail had signed the Master Franchise Agreement with 7-Eleven in February 2019 to develop and operate 7-Eleven stores within India. However, given Future group’s struggle over the last few years nothing material could be done and plans remained on paper. Future Group’s merger with Reliance Retail is also saddled with legal complications initiated by … Read more