Reliance Industries changed its Reliance Retail share swap for RIL shares from mandatory to optional for retail investors at an extraordinary general meeting on January 23 following push-back from minority shareholders.
Asos said it delivered an “encouraging” start to its financial year when it issued a trading update on Thursday, with the four months to December 31 seeing both total group revenue and total group sales up 20%.
Burberry’s Q3 update offered further signs of the strength of the firm’s growth strategy. It had “a good quarter” and “continued to shift consumer perceptions of our brand and align the network to our new vision”.
Reliance Retail will launch thousands of “Reliance Smart Points” across India to act as last mile delivery points for fast moving consumer goods as the business aims to expand its omni-channel approach to retail.
The Confederation for All India Traders announced that it has completed a pilot programme in Madhya Pradesh to create separate e-commerce stores for traders in the region and will roll it out across India.
From April 6 to 7, cosmetics trade show Professional Beauty India will hold an edition in Kolkata at the Big Lawn Nicco Park to facilitate networking between beauty brands and Indian and international buyers.
The Confederation of All India Traders announced that it will demand the Union Finance Minister to investigate US businesses Amazon and Walmart-owned Flipkart for alleged goods and services tax avoidance.
Future Group’s Future Retail bonds received total offers at six times higher than its debt on offer as the business raised $500 million in its first overseas bond issue which will help to expand its retail footprint.