The International Operated Markets segment decreased 2.1%, International Developmental Licensed Markets segment decreased 3.5%. However, the consolidated revenues increased 3% (2% in constant currencies).
Companies such as LG Electronics, Panasonic, Sony, Godrej Appliances and Haier started festive sales with a good kick start from the Onam festival and expect to continue the momentum till the remaining week of the nearly 45-day festive period.
In an effort to expand its retail reach and strengthen India’s refurbished electronics market, Taiwanese tech company ASUS India has launched a new Select Store in Chennai.
Burgertory, Australia’s premium burger chain, is all set to make a grand entry into the Indian market in partnership with Franchise India through its international business arm, FranGlobal
The company, which follows the calendar year as its financial year, had posted a net profit of Rs 514.05 crore during the July-September period a year ago, according to a regulatory filing from VBL.
Neville, a 32-year-old former student at Bayes Business School, is the half-brother of Ratan Tata, the chairman emeritus of Tata Sons, and the son of Noel Tata, chairman of Trent Ltd.
French sporting goods retailer Decathlon is planning to invest 100 million Euros (around Rs 933 crore) in India in the next five years. The sports company is also planning to expand its footprint in the country to include more cities as well as stores.
Hilton has strengthened its presence in North India with the signing of DoubleTree by Hilton Chandigarh Kakrali, its first property in the Greater Chandigarh region.
According to the block deal data available on the National Stock Exchange (NSE), Yum Restaurants India offloaded 5,30,83,330 shares, amounting to its 4.4 per cent stake in Devyani International.
Ikea’s next destination is Delhi-NCR, where it will first start online sales in the first quarter of 2025 and then open its first physical store at its first ‘Lykli’ centre, which would come up in Gurugram in 2026.