Amazon and Mumbai-based private equity firm Samara Capital acquired Aditya Birla Retail Limited’s food and grocery retail chain More at an enterprise value of over $600 million. More is the fourth-largest supermarket chain in the country after Future Group's Big Bazaar, Reliance Retail and D-Mart. Samara Capital will acquire 51...
Amazon India May Launch In-House Beauty Products
Amazon India has increased focus on the high margin cosmetics category and might be in talks with local manufacturers to launch Amazon branded personal care products in India, according to a report in the Economic Times, which has been widely re-circulated by others. India's online beauty and personal care market...
Shopper's Stop retail sales jump 20 percent
The operator of Crossword, Mothercare, M.A.C. and HyperCity stores said that its sales for the last quarter rose to $101 million, an increase of 20 percent. Same-store sales, a measure of growth based on sales in stores that have been open for at least a year, were up 22 percent according...