India Latest News - Inside Retail Asia
Walmart India lays off executives
Walmart India will let go around a third of its top executives at its Gurugram headquarters, according to the Economic Times.
Indian tea chain Chai Kings set for expansion after funding round
Indian tea retailer Chai Kings has secured US$1 million in funding from a group of angel investors, including The Chennai Angels, Hyderabad Angels and TiE India Angels.
Sluggish sales dampen India retail leasing activity
Indian retail leasing activity in major cities slumped 35 per cent last year as the country’s economy continued on a sluggish course.
Amazon India partners with Future Retail
Amazon India has partnered with the nation’s second-largest retail chain to expand its sales in there.
Reliance Industries to take on Amazon in India
Indian conglomerate Reliance Industries is moving to take on Amazon in India by founding a new digital retail platform.
Mumuso eyes rapid expansion in India
Discount Chinese merchandise chain Mumuso is set to expand in India and is currently seeking potential franchise partners
India’s Lenskart wins US$275 million in Softbank funding
Indian omni-channel eyewear retailer Lenskart has raised an investment of US$275 million from SoftBank Vision Fund.
Hamleys brand set for shakeup under new owner
New Hamleys toy store owner Reliance Industries plans to revamp the brand, according to a report in The Guardian.
Cantabil plans 100 new outlets within a year
Indian clothing label Cantabil is making plans to extend its reach across the country by opening more than 100 new outlets within one year.
Chinese giants dominate Asia’s online grocery market
China’s two e-commerce giants are driving the most growth in Asia’s online grocery market according to a new report from international researcher IGD.
Kiko Milano to expand in India
Italian cosmetic brand, Kiko Milano, is to expand its retail network in India next year, including two new stores in the national capital Delhi.
7-Eleven India plans 1000+ stores in Mumbai
7-Eleven India is poised to launch in Mumbai, marking the first major international convenience-store chain to take on local players.
