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Fast Moving Consumer Goods News
Fast Moving Consumer Goods
Rural push to boost FMCG companies' topline next year: Report
Thu, Dec 28, 2017
Blaming the challenges in rural markets, low wage growth and a deficient monsoon in FY15 and FY16 for the poor revenue growth, the report said the sector was further bruised with unprecedented events like demonetisation and GST in FY17.
Alibaba goes offline with $2.9 billion stake in China's top grocer
Mon, Nov 20, 2017
Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China`s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.
Johnson & Johnson hit with $247 million verdict in hip implant trial
Fri, Nov 17, 2017
A federal jury in Dallas on Thursday ordered Johnson & Johnson and its DePuy Orthopaedics unit to pay $247 million to six patients who said they were injured by defective Pinnacle hip implants.
IKEA buys 10-acre HUDA plot in Gurugram for Rs 842 crore
Wed, Nov 01, 2017
The Haryana Urban Development Authority (HUDA) today said it sold approximately 10-acre plot to Swiss furniture maker IKEA for around Rs 842 crore in its single largest property auction till date.
Railways accept Amul's proposition to transport butter across India
Mon, Oct 23, 2017
Dairy giant Amul today reached out to the Indian Railways on its official Twitter handle with a business proposition to use its refrigerated parcel vans to transport Amul Butter across India.
Fashion trumps FMCG in Q1 FY18 as shoppers flocked to season end, pre-GST sales
Tue, Sep 05, 2017
Fashion witnessed slight increase in volume in Q1 FY18 while FMCG remained flat.
Plans to include new Domino’s Pizzas makes Jubilant FoodWorks' shares rise over 3% on BSE Sensex
Tue, Aug 08, 2017
Jubilant FoodWorks shares jump on announcement of new pizza.
'Fast fashion' segment revenues of Aditya Birla Fashion and Retail triples in Q1 with Forever 21
Thu, Jul 27, 2017
Aditya Birla Fashion and Retail has been trying to become India's largest fashion retailer for some time now. The company said acquisition of Forever 21 India's rights made a difference this quarter.
RAI writes to FM Jaitley on retailer woes, consumer confusion over GST
Thu, Jul 20, 2017
With the confusions around the newly implemented GST retailers have raised concern over billing and other problems.
Cigarette makers drop as GST Council hikes cess; ITC biggest loser
Tue, Jul 18, 2017
The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.
GST impact: FMCG PAT, revenues to slow down over 2% in Q1FY18
Tue, Jul 11, 2017
Result preview of fast moving consumer goods (FMCG) in the first quarter of FY18 will be impacted by the after effects of GST rollout.
Coca-Cola to launch Indian flavours to compete with local brands
Mon, Jul 10, 2017
MNC, Coca-Cola will soon launch new variant of aerated drinks in local Indian flavours to compete with smaller brands.
43 McDonald's outlets ran without valid licence since April
Fri, Jul 07, 2017
US fast food chain McDonald's 43 outlets in the national capital operated without valid 'health licences' for nearly three months from April 1, its estranged India partner Vikram Bakshi has alleged.
Reflect price revision post GST via stickers till September 30: Govt
Wed, Jul 05, 2017
The difference between the retail sale price originally printed on the package and the revised price "shall not, in any case, be higher than the extent of increase in tax" or in the case of imposition of fresh tax on account of the implementation of the GST, it said
Big Bazaar sells Rs 10 crore worth products in two-hour GST Muhurat sale
Tue, Jul 04, 2017
Big Bazaar managed to sell Rs 10 crore worth products in a final GST sale that lasted two hours in all of Future Group's outlets.
GST: Retailers Association of India demand tax free packaged foodgrains, simpler invoice formats
Wed, Jun 28, 2017
Retailers Association of India wrote letters to the government asking them to revise the rates on packaged foodgrains downward to be completely tax free. The retailers body has also asked for simplified invoicing formats and revision of delivery charges under GST.
Nestle plans $20.8 billion share buyback amid Third Point pressure
Wed, Jun 28, 2017
Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.
Store rentals a major factor in pushing retailers towards e-commerce
Tue, Jun 27, 2017
'E-tail' is expected to pick up in India as the cost of renting places in Tier-I cities are expected to shoot up. It has become more economical for retailers to focus on e-tail rather than brick and mortar stores.
Whole Foods shares keep rising in bidding war speculation
Tue, Jun 20, 2017
Whole Foods Market Inc shares added to their gains on Monday after Amazon.com Inc announced plans last week to buy the upscale grocer, with investors betting that rivals could step in to create a bidding war.
Over 50 global retailers to enter India in six months
Mon, Jun 19, 2017
Over 50 new retail brands that have tied up with Franchise India may enter India in the next six months investing a total of $300-500 million.