Gucci has sparked rumors that it is set to turn its attention to the beauty sector.The luxury Italian fashion house, which is part of the Kering conglomerate, has unveiled a new Instagram account, @guccibeauty.
Following an initial trial period, the Facebook-owned image-sharing network rolled out two new ways for users around the world to shop on the platform on Monday, introducing Shopping in Stories and Shopping in Explore.
Sephora has selected Hyderabad and Kolkata and several northern cities as the next locations it will open stores in as the beauty business aims to foster double digit growth with a focus on private labels.
Grocery startups BigBasket and Grofers are reported to be subject to a possible merger as the businesses’ respective investors look to team up to combat the threat from the Walmart-owned e-commerce giant, Flipkart.
Patanjali, a fast moving consumer goods (FMCG) company that previously eschewed discounting and enjoyed rapid growth, has now allowed some retailers such as Big Bazaar and Reliance Fresh to discount its products.