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Retail news Round Up_April 28,206

Retail news :

Jabong parent, GFG, raises EUR 300 million in fresh funding
Alibabas Jack Ma overtakes Wandas Wang Jianlin as Asias richest man
KFC going to use robot to serve customers in Shanghai
B2B ecomm platform Industrybuying introduces EMI features through Innoviti
Nestle agrees on ice cream joint venture with UK’s R&R
Inox Leisure swings to profit, reports Q4 net of Rs 16 crore
Skechers, Kiko get nod for single brand retail
Govts plan to ban all tobacco FDI to hit GPI
Snapdeal Diversifies Further: Users Can Now Book Bus, Flight Tickets, Order Food!
BlackBerry Launches BBM Money Transfer Service in India
LeEco Eyes Make In India With In-House R&D and Manufacturing Units
Vodafone India completes acquisition of YOU Broadband
Yatra to aggregate cabs from aggregators & car companies
Ant Financial raises $4.5B to invest in infrastructure
Hello Curry acquires meal-box delivery startup The First Meal
ClearTax secures $1.3M from individual investors
Arré raises funding from Enam Holdings; Ronnie Screwvala exits

“Success is never final,failure is never fatal its courage that counts”

-John wooden

“Go confidently in the direction of your dreams and live the life you have imagined.”

-Henry David Thoreau

Retail News :

Flipkart invests Rs 666 crore to push logistics cart in next growth drive
Even as losses pile up at home, Myntra plans entry into US
KFC fined Rs 5 lakh for sub-standard food items
B-schools see strong placements; 12% rise in average offer size
Walmart, Target, and Aldi are addressing a huge weakness – and it’s turning into Whole Foods’ worst nightmare
Myntra is working on optimizing cost
Chinese retailing giant JD.com tests drone in rural areas
The Beer Cafe is looking to raise nearly $40 mn from PE funds
With muted biscuit growth, Parle targets bigger bite in snacks
Healthy’ corn moves beyond snack to full meals
Blue Star enters air cooler segment, eyes Rs 150 crore sales
Wonderchef targets USD 20 million sales; to make in India in 3 years
FDA holds campaign against tobacco

“None can destroy iron, but its own rust can! Likewise none can destroy a person, but its own mindset can!”

-Ratan Tata

Retail News :

KFC to open its first restaurant in Tibet
Asian Paints consolidates investments in overseas units
Government sets up mechanism to support startup businesses
HyperCat IoT accelerator and incubator launched in Hyderabad
Jigsaw Academy raises $3M from Manipal Global Education services
Parsel acquires BillBoxGo and the Developments in e-logistics this year
Yumist raises $2M from Unilazer Ventures, Orios VP & Steven Lurie
PayUBiz Launches True ‘One Tap’ Payments,Entry of CVV, OTP Not Needed For Payments

Today’s Wealth Mantra !

” Successful investing means knowing when to buy, when to sell and when to rent”

-Warren Buffett.