Bajaj Electricals Likely To Bid Adieu To Nirlep Cookware Division: Reports
The reports note that the company is looking at various options for the division, which also includes a possible sale
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Companies
FMCG
Puma To Slash 900 Jobs In Bid To Revive Business
- by BW Retail World Bureau
- October 30, 2025
Puma to cut 900 global jobs after weak sales; a day earlier, Amazon reported plans to lay off up to 1,000 staff in India amid AI focus.
Companies
Starbucks’ $1 Bn Restructuring Plan To See Lay Offs, Store Closures
- by BW Retail World Bureau
- September 26, 2025
Starbucks will incur approximately USD 1 billion related to the store closures, support organisation transformation, and other restructuring activities
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People
The Good Glamm Group Lays Off 150 Employees In Restructuring Push For Profitability
- by BW Retail World Bureau
- April 19, 2024
The Good Glamm Group recently underwent significant organisational changes, including the optimization of its workforce through layoffs affecting 150 employees, constituting 15 per cent of its total staff. This move was explained as part of a broader restructuring effort aimed at streamlining operations and eliminating redundancies following the integration of various acquired companies over the […]
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People
Unilever Splits Ice Cream Unit, Cuts 7,500 Jobs In Cost-Saving Move
- by BW Retail World Bureau
- March 20, 2024
Unilever has unveiled plans to separate its ice cream unit, which includes popular brands like Magnum and Ben & Jerry’s, into an independent entity, alongside announcing a new cost-saving initiative impacting 7,500 jobs. The company aims to complete the spin-off by the end of next year, as reported by Reuters. With the implementation of the […]
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International
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The Body Shop UK Seeks Restructuring Through Administration
- by BW Retail World Bureau
- February 14, 2024
The Body Shop appointed administrators to accelerate the restructuring of the UK business, as per the media statements. “Today, the directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley and Alastair Massey of business advisory firm FRP as joint administrators of the company, which operates The Body Shop’s UK business,” said an […]
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E-commerce & Marketplaces
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Amazon Seller Services Receives Funding Of Rs 830 Cr In Indian Marketplace
- by BW Retail World Bureau
- February 12, 2024
Amazon Seller Services, which handles the Amazon marketplace in India, said its US parent invested Rs 830 crore in the firm. Amazon Seller Services said it allocated 830 million equity shares to Amazon Corporate Holdings Ltd and Amazon.com.inc as part of the financial injection. On 19 January, Amazon invested Rs 350 crore in Pay (India), the […]
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FSN E-Commerce Restructuring: Streamlining Operations & Consolidating Brands
- by BW Retail World Bureau
- February 7, 2024
The board of directors of FSN E-commerce Ventures announced in a regulatory filing that it has deliberated on implementing restructuring initiatives for its group businesses during a board meeting on Tuesday. The primary aim of these measures is to achieve strategic objectives by creating operational synergies through the rationalisation of business operations and assigning them […]
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International
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Alibaba May Sale Consumer Assets Including Freshippo, RT-Mart
- by BW Retail World Bureau
- February 5, 2024
Alibaba Group is reportedly exploring the sale of various consumer sector assets, including its grocery business Freshippo and retailer RT-Mart, as part of a strategy shift towards its core ecommerce business, Reuters reported. The move aligns with the company’s focus on divesting non-core, unprofitable units, it said. Talks with potential investors, both strategic and financial, […]
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Retail
H&M To Close 25% Of Spanish Stores, Lay off 588 Workers
- by BW Retail World Bureau
- January 27, 2024
H&M on Friday said that it plans to close down more than a quarter of its stores and lay off as many as 588 workers in Spain, Reuters reported. The company will lay off employees for undisclosed organisational, productive, and economic reasons, according to a joint statement from unions CCOO and UGT. H&M operates 91 […]