LG Electronics India Initiates Leadership Reorganisation for Post-IPO Growth
The company is streamlining its leadership hierarchy to foster more agile and strategic decision-making
Companies
Electronics
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From Balcony To Global Brand: Anita Dongre On Building Business & Pushing Boundaries
- by Neha Kalra
- March 27, 2024
For a venture that began from a balcony, Anita Dongre has made significant strides over the years. Her journey is marked not only by her share of failures and learnings but also by several milestones. Today, despite her chairwoman role, where she faces different kinds of challenges, the joy of chasing dreams remains the same […]
Brands
Companies
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People
Unilever’s Nitin Paranjpe To Retire In Mid-2024, Remains HUL Chair
- by BW Retail World Bureau
- February 10, 2024
Unilever said on Thursday that Nitin Paranjpe, its chief people and transformation officer, will retire in mid-2024, about 37 years after joining the consumer giant as a management trainee. “I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever […]
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Jockey International Appoints Christopher Carroll Smith As Director
- by BW Retail World Bureau
- February 9, 2024
Jockey International has appointed Christopher Carroll Smith as director of the firm effective 8 February 2024, as a representative of Jockey International Inc, USA, subject to shareholder approval via postal ballot, according to a regulatory filing. Smith has been appointed as an additional director following Mark Fedyk’s resignation from the company’s board on 8 February 2024. Smith, […]
Food & Beverage.
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National
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We Appeal For Restoration Of Input Tax Credit For GST In Restaurant Industry: Zorawar Kalra, Massive Restaurants
- by Poonam Singh
- January 20, 2024
In an interview with BW Businessworld, Zorawar Kalra of Massive Restaurants speaks about how his father, Jiggs Kalra, inspired him throughout his journey and requests the government to restore input tax credit for GST in the restaurant industry What are your expectations from this budget, considering it’s an interim budget with elections around the corner? […]
Brands
Companies
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People
Hershey Appoints Luigi Mirri As General Manager India
- by BW Retail World Bureau
- January 4, 2024
The Hershey Company appointed Luigi Mirri as general manager of India on January 1, 2024. Mirri served as the general manager of APAC, and now will expand his responsibilities to include India, the company said in a statement issued on Tuesday. He has spearheaded the expansion of the brand footprint in critical markets, such as […]
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E-commerce & Marketplaces
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Meesho’s Revenue Rises 77% To Rs 5,735 Cr In FY 2023
- by BW Retail World Bureau
- December 30, 2023
Meesho’s operating revenue grew by 77 per cent to Rs 5,735 crore for FY 2023 against Rs 3,232 crore in FY 2022, while incurring a loss of Rs 3,247 crore, according to a media report on Friday. The company highlighted that its loss for FY 2023, narrowed by 48 per cent to Rs 1,675 crore. […]
Companies
News
tech
About 85% Indian Businesses Use Cloud Providers for Analytics: Report
- by BW Retail World Bureau
- December 16, 2023
A report on Friday revealed that 85 per cent of Indian businesses use external cloud providers for analytics, marking the nation’s lead in cloud, artificial intelligence (AI) and machine learning (ML) adoption that outpaced other countries like Germany (66 per cent), New Zealand (70 per cent), and Spain (58 per cent). Solidifying its excellence India […]
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Pepperfry Registers 10% Revenue Increase, Cuts Losses
- by BW Retail World Bureau
- December 12, 2023
Furniture brand Pepperfry reported a revenue of Rs 272.3 crore in the fiscal year ending March 2023, reflecting a modest 10 per cent growth, signalling success in its omnichannel expansion strategy. Despite a marginal increase in total expenses to Rs 474 crore, the Mumbai-based firm narrowed its losses to Rs 187.6 crore from Rs 194 […]
Brands
Companies
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People
Manoj Kohli, Bharat Anand Joins Bira 91 As Independent Directors
- by BW Retail World Bureau
- November 30, 2023
Beer brand Bira 91 has appointed Manoj Kohli and Bharat Anand as independent directors, according to a press release on Wednesday. Bringing in a wealth of experience spanning over four decades, Kohli, the former MD and CEO of Bharti Airtel and Country Head for Softbank India, now serves as a senior advisor at Deloitte India. […]