Russia’s Concept Group opens second store in India
Russian fashion retailer Concept Group has expanded its presence in India by opening its second Acoola children’s apparel store in…
All articles by Umesh Ellichipuram
Umesh Ellichipuram
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Carrefour China signs deal with Tencent and Yonghui for potential investment
French multinational retailer Carrefour has signed a term sheet with Tencent and Yonghui for a potential investment in its China…
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Indian grocery delivery platform Milkbasket secures $3m investment
India-based grocery delivery platform Milkbasket has secured a $3m investment through a pre-Series A round. This round saw the participation…
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Tesco’s operational changes to affect 1,700 employees
UK-based retailer Tesco is planning to simplify its operational structures and enhance efficiency to provide its line managers with a…
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Rite Aid transfers 625 stores to WBA in US
US-based drugstore chain Rite Aid has released an update on its plans to sell its stores to Walgreens Boots Alliance…
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UK’s Ocado partners with Sobeys in Canada
UK-based online supermarket company Ocado has signed an agreement with Canadian food retailer Sobeys, under which the latter will be…
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Richemont to acquire entire stake in Yoox Net-a-Porter
Swiss luxury goods holding company Compagnie Financière Richemont (Richemont) has expressed its intent to acquire all the ordinary shares of…
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VF to open new distribution centre in Jonestown, Pennsylvania
US-based apparel and footwear firm VF Corporation (VF) is planning to open a new distribution centre in Jonestown, Pennsylvania, by…
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Steinhoff secures €200m loan in South Africa
South Africa’s retail holding company Steinhoff is said to have gained financial stability after it obtained monetary assistance from lenders…
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Premium acquires Walmart merchandising firm Premier Concepts
US-based retail strategy solutions provider Premium Retail Services (Premium) has acquired Walmart merchandising company Premier Concepts (Premier) for an undisclosed…