Reliance Retail Signs India Franchise For Saks Fifth Avenue
Reliance Industries, in its earning statement on Thursday, stated that its premium brands business has entered into India franchise arrangement for Saks Fifth Avenue
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Bombay Shirt Company Raises Rs 54 Cr Series B Funding Led By Singularity Ventures
- by BW Retail World Bureau
- February 13, 2024
Homegrown garment business Bombay Shirt Company has secured Rs 54 crore in a Series B fundraising round led by Singularity, which includes contributions from Caratlane founder and Singularity general partner Mithun Sacheti, according to a news press release on Monday. As part of the deal, new investors enter the capital structure through a secondary buyout of […]
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Food & Beverage.
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Westlife Foodworld Misses Estimates, Q3 Profit Falls On Weak Demand
- by BW Retail World Bureau
- February 2, 2024
Westlife Foodworld, the operator of McDonald’s restaurants in west and south India, failed quarterly profit projections on Wednesday, citing sluggish demand. Consolidated profit after tax fell nearly 53 per cent to 172.4 million rupees (USD 2.08 million) in the three months ended 31 December, according to an exchange filing. Analysts, on average, had expected profit […]
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Food & Beverage.
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Retail
McDonald’s To Hike Royalty Fees To 5% For New Franchisees
- by BW Retail World Bureau
- September 25, 2023
McDonald’s (MCD.N) is increasing royalty fees for new franchise restaurants in the U.S. and Canada, marking the first such adjustment in nearly thirty years. This adjustment will align the fees with what McDonald’s charges in other global markets. Effective from 1 January, the fees will be raised from 4 per cent to 5 per cent. […]
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Scuzo Ice ‘O’ Magic Opens First Outlet In Noida
- by BW Retail World Bureau
- August 3, 2023
Scuzo Ice ‘O’ Magic, a live popsicle concept and dessert café introduced its debut outlet in Noida. Situated at LGF 53A, Tower C, Spectrum Metro, Phase 1, Sector 75, Noida, Uttar Pradesh 201307. Beyond popsicles, the brand presents a variety of desserts. Relish the delicious options, including ice cream waffles, pancakes, milkshakes, Dessert cakes, and […]
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Food
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Scuzo Ice ‘O’ Magic Dessert Cafe Expands With New Outlet In Gurugram
- by BW Retail World Bureau
- July 8, 2023
Scuzo Ice ‘O’ Magic, a live popsicle concept and dessert café has opened its third outlet in Gurugram. The new outlet is located at Sapphire Mall, Sector-90, Shop no. G-53, Gurugram. According to the company, it offers a unique live popsicle concept, allowing customers to choose their favorite fruit from a wide selection and have […]