In an exclusive interview Patrick Lasfargues, international partnership executive director, Carrefour and Nilesh Ved, owner of Apparel Group spoke about French retail major's plans for the Indian mkt
The company, which started in the US in the early 1940s and later set foot in India almost 30 years ago, has seen its sales slowly dwindle, and in FY23, its bottom line was in the red
On the PGHH call, Mrinalini Srinivasan, CFO, said that positive trends are finally emerging in the Indian fast-moving consumer goods (FMCG) industry, both in urban and rural areas
It currently has a network of nine own dairy plants and four Safal plants
The partnership intends to establish an apparel innovation platform dedicated to meeting the demands of Indian consumers
Carrefour first entered India in 2010 with cash-and-carry outlets but exited in 2014 due to restrictions on foreign direct investment in multi-brand retail
Mobilise production, inventory to ride seasonal wave
West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver
In its stock exchange filing, the company said that the board also accorded its approval to explore potential structures and alternatives for the same
This rising sporting interest is translating into business interest as well. For instance, the pickleball championship was sponsored by Vedanta Foundation
Although this segment currently makes up just one per cent of the overall market, it is growing faster than other categories
Firm's grocery business is one of the fastest-growing, says Isha Ambani
Singhania says he has laid the groundwork for a promising future
This has also caused India to replace China as the second-largest market in the world for natural diamond jewellery
FMCG association writes to govt seeking redressal
Both companies' new businesses have emphasis on segments within the consumer space, with Aditya Birla Group recently announcing its entry into the jewellery retail space
Experts say Mars stands to gain with Kellogg's rural reach and also have a larger portfolio to offer in modern trade, e-commerce
Fresh merchandise flew off shelves for retailers during the long weekend
In the April-June quarter, Blue Star's revenue from electro-mechanical projects, commercial air conditioning systems, services and international business grew by 9.5 per cent
Apparel and lifestyle retailers' sales have been under pressure since the festive season last year