Gold started the new year on a cheery note, up ~6 per cent in January in dollar terms and ~4 per cent in rupee terms. Underpinning the rally was annual inflation in the US slowing for a sixth straight month to 6.5 per cent in December, raising hopes of smaller rate hikes from the Federal […]
Devendra Chawla, former Chief Executive Officer and Managing Director of Spencer’s Retail has joined Eversource Capital-promoted shared electric mobility player GreenCell Mobility as its new CEO. He will report to the company’s board. Chawla had joined the RP Sanjiv Goenka Group in 2019 for a three-year term; he recently stepped down from his role. Prior […]
After successfully carving a niche in the digital segment, D2C giant mCaffeine is all set to own the retail space. To help the brand achieve the milestone, Suman Kumar, the retail honcho who has headed the space for 20 years in brands like Pepsico, Marico, Coca Cola, Wipro, Godrej Consumer, and more, has come on […]
The Board of Aditya Birla Fashion and Retail, at its meeting held today, inducted Ananya Birla and Aryaman Vikram Birla as Directors. Ananya Birla and Aryaman Vikram Birla come with rich and varied experience straddling entrepreneurship and business building. The board believes that ABFRL will benefit from their new-age insights and business acumen. Commenting on […]
Philips said on Monday that it will cut down 6,000 jobs across the globe after the losses caused by a massive recall of faulty sleep respirators. The company announced a global recall 2021 of its appliances to help people suffering from sleep apnoea. And due to this recall, Philips revealed net losses of 105 million […]
Unilever appointed Hein Schumacher as its new Chief Executive Officer, the company said in a press release, adding, following an extensive, global search process. Hein will replace Alan Jope, who announced in September 2022 his intention to retire from Unilever. Hein is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became […]
Goodyear Tire and Rubber Company said it will cut about 500 jobs, which is about 5 per cent of its total workforce, in its aim for cost-cutting, the Wall Street Journal. The company had also warned on Friday that fourth-quarter results fell below expectations as the elevated inflationary environment decapitated demand, according to a statement […]
An ardent style and fashion connoisseur with innate business acumen, Veena Ashiya is a 3rd generation entrepreneur. Helming Monrow shoes and accessories as the Founder & Chief Energy Officer, a homegrown brand that pledges to deliver fashion and comfort. With a consumer-centric approach and a passion to revolutionize the customer experience, Veena launched the brand […]
Kishore Biyani, the creator of retail companies including Pantaloon Retail and Big Bazaar, has resigned as Executive Chairman and Director of debt-ridden Future Retail, the company announced in a regulatory statement on Wednesday. On 24 January, the resolution professional received Biyani’s resignation. This is to tell you that Kishore Biyani has offered a letter of […]
Dhruv Bogra, born in Shimla in 1968, is a veteran in the retail industry with 30 years of rich, multi-dimensional expertise in the Indian and global retail multiverse. His father was an officer in the Kumaon Regiment of the Indian Army and he grew up amidst the structured life of the cantonment. The turning point […]
