Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Bengaluru, India
News & Analysis
India's Top Trader Body Seeks Ban on Amazon, Flipkart Festive Sales
The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, when many Indian customers make big-ticket purchases such as cars and gold jewellery.
India's Top Trader Body Seeks Ban on Amazon, Flipkart Festive Sales
The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, when many Indian customers make big-ticket purchases such as cars and gold jewellery.
Global Markets
Amazon in Talks to Buy Stake in India's Reliance Retail
The e-commerce giant is in exploratory talks with India's biggest brick-and-mortar retailer to buy an up to 26 percent stake in India's biggest brick-and-mortar retailer.
Amazon in Talks to Buy Stake in India's Reliance Retail
The e-commerce giant is in exploratory talks with India's biggest brick-and-mortar retailer to buy an up to 26 percent stake in India's biggest brick-and-mortar retailer.
Retail
Flipkart Billionaire's Exit Puts Corporate India on Notice
Companies like Walmart, which bought a majority stake in Flipkart earlier this year, face increasing pressure to make decisions in light of #MeToo and its worldwide relevance.
Flipkart Billionaire's Exit Puts Corporate India on Notice
Companies like Walmart, which bought a majority stake in Flipkart earlier this year, face increasing pressure to make decisions in light of #MeToo and its worldwide relevance.
News & Analysis
Flipkart Confident of Festive Season Sales
The Indian online retailer, owned by Walmart, expects bumper sales during the annual festive season, as it boasts that US rival Amazon Inc is losing relevance in India.
Flipkart Confident of Festive Season Sales
The Indian online retailer, owned by Walmart, expects bumper sales during the annual festive season, as it boasts that US rival Amazon Inc is losing relevance in India.
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News & Analysis
Indian Regulator Clears Walmart's $16 Billion Acquisition of Flipkart
The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.
Indian Regulator Clears Walmart's $16 Billion Acquisition of Flipkart
The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.
Technology
Flipkart Reshuffle Signals Shift to Margins Over Volume
Launched by two former Amazon employees in 2007, Flipkart has grown to become India's most valuable startup worth $15 billion in 2015.
Flipkart Reshuffle Signals Shift to Margins Over Volume
Launched by two former Amazon employees in 2007, Flipkart has grown to become India's most valuable startup worth $15 billion in 2015.
Technology
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Technology
Flipkart's Fashion Unit Myntra Bets on Artificial Intelligence to Drive Growth
Enhancing the consumer experience through technology is key to driving long-term growth, Ambarish Kenghe, Myntra's head of product told Reuters on Thursday.
Flipkart's Fashion Unit Myntra Bets on Artificial Intelligence to Drive Growth
Enhancing the consumer experience through technology is key to driving long-term growth, Ambarish Kenghe, Myntra's head of product told Reuters on Thursday.
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Technology
The Dot-Com Deadpool is Back as India's Tech Boom Turns to Bust
In the past few years, India experienced its biggest-ever startup boom, with entrepreneurs founding thousands of companies. Now the country is getting its own version of a dot-com bust.
The Dot-Com Deadpool is Back as India's Tech Boom Turns to Bust
In the past few years, India experienced its biggest-ever startup boom, with entrepreneurs founding thousands of companies. Now the country is getting its own version of a dot-com bust.
News & Analysis
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
News & Analysis
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
Financial Markets
Amazon Targets India Growth With $3 Billion Investment Boost
Amazon.com Inc. will invest $3 billion more to build its business in India, stepping up its bet that the country will become a major online-shopping market that will fuel sales growth.
Amazon Targets India Growth With $3 Billion Investment Boost
Amazon.com Inc. will invest $3 billion more to build its business in India, stepping up its bet that the country will become a major online-shopping market that will fuel sales growth.
The News in Brief
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.