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Lenskart’s FY23 revenue soars to INR 3,788 Crore; losses narrow to INR 64 Crore
Lenskart, the omnichannel eyewear retailer, saw its consolidated operating revenue more than double to INR 3,788 crore in FY23 from INR 1,502 crore a...
Tata’s Trent set to outshine competitors as low-priced apparel draws in young buyers
Despite sluggish demand and restrained consumer spending, Tata's Trent is expected to have outperformed other Indian apparel chains last quarter by rapidly opening more...
Decathlon India names Sankar Chatterjee as new CEO
Decathlon, the sports retailer, has named Sankar Chatterjee as its new Chief Executive Officer for India.Chatterjee took up the position of CEO for the...
Patanjali Foods mulls acquisition of Patanjali Ayurved’s non-food business to boost product portfolio
Patanjali Foods Ltd, which is mainly into edible oils, said that it will evaluate a proposal to acquire the non-food business of promoter group...
Nestle shareholders reject proposal to reduce sales of ‘unhealthy’ products
In a recent Nestle shareholders' meeting, attention was drawn to the sugar content in infant milk sold in less affluent areas. This discussion, prompted...
India’s alcoholic beverage market surges to record highs, premiumization and home consumption drive growth
India's appetite for alcoholic beverages is rising at an unprecedented rate, fueled by a burgeoning middle-class demographic and its enduring love for whiskey. Over...
Third Wave Coffee’s FY23 losses soar, nearly quadruple to INR 55 Cr despite surge in sales
Third Wave Coffee Roasters, a Bengaluru-based QSR coffee chain, saw its losses nearly quadruple in the financial year ended on March 31, 2023. The...
Nestle ramps up pet food production with $195 Million US plant expansion
Nestle is investing $195 million to enhance its Purina pet-food processing facility in Wisconsin, USA.The facility in Jefferson will undergo an expansion with an...
Snack manufacturer Wilde Brands raises $20 Million in funding to accelerate growth and innovation
Wilde Brands, the snack manufacturer, has secured $20 million in funding to accelerate its growth and foster innovation.KarpReilly spearheaded the funding round with additional...
Hong’s Kitchen expands its presence with new outlet launch in Delhi’s Rohini
Jubilant Foodworks Ltd (JFL) has unveiled a new outlet of the Chinese food chain Hong’s Kitchen in Delhi, as disclosed by a company executive...
Meena Bazaar sets up fifth store in Bengaluru, expanding its reach in the city
Meena Bazaar, a Delhi-based ethnic wear retailer, has inaugurated its fifth retail store in Bengaluru, as disclosed by a company official on social media....
THSC to host IndiaSkills 2024 Hospitality Competitions in Delhi, spotlighting emerging talent
The Tourism & Hospitality Skill Council (THSC) will be organizing the IndiaSkills 2024 Hospitality Competitions, a three-day event scheduled from April 27 to April...