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Oct 23, 2024 | 
insideretail.asia | Sean Cao |Aron Lewin |Varun Vyas |Anil Prabha
Tupperware has entered into an agreement with its lenders to turn around the business after filing for bankruptcy last month. The company intends to structure the transaction as a private sale of all intellectual property related to its brand and products, as well as operating assets in the US and other foreign subsidiaries. According to president and CEO Laurie Ann Goldman, Tupperware has created a “digital-first, technology-led and asset-light” strategy over the past year.
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Oct 22, 2024 | 
insideretail.us | Robert Stockdill |Celene Ignacio |Aron Lewin |Varun Vyas
As US consumer shopping patterns change – dramatically in some categories – retailers need to be more nimble to recognise the trends and react to them. If they don’t, warns one expert analyst, they risk losing sales to rivals. RJ Hottovy, head of analytical research at Placer.AI, talked through some of the evolution in retail in the post-pandemic era with Inside Retail’s Amie Larter in an episode of the podcast Retail Untangled, recorded on the sidelines of Shoptalk Fall in Chicago.
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Apr 5, 2024 | 
insideretail.asia | Sean Cao |Varun Vyas |Robert Stockdill |Rakshnna Pattabiraman
Singapore retail sales, excluding motor vehicles, swung to a 9.4 per cent year-on-year increase in February following a 1.8 per cent drop in January. The Department of Statistics said the improvement was mainly due to the Chinese New Year being celebrated in February this year, as opposed to January last year. For the two-month period, retail sales grew 4.7 per cent in 2024 compared to 2023.
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Apr 4, 2024 | 
insideretail.asia | Tong Van |Heather McIlvaine |Michael Baker |Varun Vyas
Thailand’s retail giant Tanachira Group is planning to establish a subsidiary with Chinese partners to expand the business and distribution of the Harnn brand in China, Hong Kong, Macau and Taiwan. The Greater China expansion is part of the company’s effort to increase the foreign revenue share to 25 per cent in the next three years, with China as its key market.
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Mar 15, 2024 | 
flipboard.com | Varun Vyas
Woman discovers husband's 'disturbing' second phone; plots EPIC revenge against him. AITA? MAJOR UPDATES. When this woman finds her husband's secret phone and plans to get back at him, she asks Reddit:I found a second phone that my husband has. I know …
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Mar 15, 2024 | 
theprint.in | Varun Vyas
Instead, Zee believes Star India breached the agreement and has sought 685.4 million rupees ($8.3 million), it said when reporting its quarterly results on Feb. 13. Now, Star India is seeking “specific performance” of the agreement or the payment of damages, Zee said in a statement, without providing details. Zee said Star India’s application does not specify a claim amount and that the alleged damages and costs are yet to be determined.
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Feb 22, 2024 | 
today.westlaw.com | Varun Vyas |Tasim Zahid
BENGALURU (Reuters) - Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender...
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Feb 18, 2024 | 
gurutrade.com | Varun Vyas |Varun H K
BENGALURU, Feb 19 (Reuters) - Tata Group-owned carrier Air India and plane parts-maker Tata Advanced Systems will invest 23 billion rupees ($277.2 million) in the Indian state of Karnataka, the state government said on Monday.
Air India will conduct maintenance, repairs, and overhaul of planes at the Bengaluru airport, while Tata Advanced Systems will set up manufacturing and research & development facilities in the state, the government said.
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Feb 13, 2024 | 
gurutrade.com | Nandan Mandayam |Varun Vyas |Sonia Cheema
BENGALURU, Feb 14 (Reuters) - Indian automaker Mahindra and Mahindra posted a smaller-than-expected rise in third-quarter profit on Wednesday as weak demand for its profit-boosting tractors offset sport utility vehicle (SUV) sales.
The 'Scorpio' SUV-maker's standalone profit after tax rose 60.6% to 24.54 billion rupees ($295 million) in the three months to Dec. 31, missing analysts' estimate of 25.12 billion rupees, per LSEG data.
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Feb 12, 2024 | 
gurutrade.com | Manvi Pant |Varun Vyas |Rashmi Aich |Savio D'Souza
BENGALURU, Feb 13 (Reuters) - Aditya Birla Group-owned Hindalco Industries reported a smaller-than-expected third-quarter profit on Tuesday, hurt by weak aluminium sales at its U.S. unit, Novelis.
Hindalco's stock price tumbled 12.5% but that was mostly due to a disappointing forecast and higher spending plans from Novelis, the world's largest aluminium recycler that accounts for three-fifths of Hindalco's revenue.
