Founder and former CEO of the coffee chain Starbucks posted a two-page letter on LinkedIn on Thursday that company is at inflection point. In April 2022, Schultz, 70, returned as interim CEO until March 2023 after serving as CEO from 1987 to 2000, then from 2008 to 2017. As part of a planned transition, he
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, announced on Friday that a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) will invest Rs ₹4,966.80 crore into Reliance Retail. RRVL’s pre-money equity value is Rs 8.381 lakh crore, placing it among India’s top four companies. On a fully-diluted basis, ADIA’s investment will
With opportunity comes responsibility, Winston Churchill once famously said, and India’s online sellers are getting ready with a similar mindset at the start of the festive season. Despite muted sales in 2023, the small online retailers are opening up their wallets to spend on marketing in order to boost their stagnant fortunes and do better
For a long time, small towns in India have lagged behind big cities, but this has changed as a result of technology, rising income levels, and policies. The demand for premium products is on the rise as small town consumers become more affluent. The biggest generational change is that few people dream of living in
After talks to address a matter that is hurting the ruling Liberals, Canada five major grocery chains have agreed to help the government stabilize soaring prices, a senior minister said on Monday. After two hours of difficult discussions with the chains, Innovation Minister Francois-Philippe Champagne announced the decision. According to Champagne, if the Canada grocery
Along with Nestle’s two-minute Maggi, the category leader, many stores now offer ‘1 To 3 Noodles’ in Karnataka. Besides its stellar penetration of 35% in the state, this local brands caters to local tastes with a desi twist to instant noodles that comes with more masala. Similarly, North India-based Vasant Masala caters to the specific
Inflation at 4.8% is higher than our forecast of 4.5% and clearly the path ahead looks grim given the progress of monsoon and the spread across key areas in the Deccan Plateau region. The food basket is beginning to bite with inflation of 4.8% here 9 states had inflation above the average while 6 had
Since its breakup with Kanye West, Adidas has struggled to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes, forcing it into a significant loss at the end of last year. Bjorn Gulden, Adidas’ CEO, said selling the popular shoe line would mean paying Ye royalties. Ye was dropped five months ago after
According to Reliance Jio on Friday, its March-quarter net profit increased 1.7% sequentially to 4,716 crore from 4,638 crore in the December quarter. On an annual basis, its profit grew by 13%. On a yearly basis, revenue increased 12% to 23,394 crore, up from 22,998 crore in the previous quarter. On a sequential basis, revenue
Mumbai, March 9, 2023: For 2023, GfK forecasts a stabilization of the global market and takes a closer look on the Indian Telecom market. “According to GfK Market Intelligence for Offline Retail Sales Tracking, while the global Telecom market closed 2022 with a 9.7 percent decline in revenue compared to the previous year, India was
