India news and analysis

14 January 2021
As Metro continues its evolution as a company, we round up developments in Spain, France and Romania as it looks to strengthen its operations globally and in the specific countries. Metro to promote digital transformation with Wipro Metro and Wipro have announced a strategic digital and IT partnership ‘ to drive forward the transformation of the Group's IT and to concentrate more strongly i...
12 January 2021
Amazon has discontinued its Pantry delivery service in the US and India, as it looks to offer a clearer, simpler grocery proposition to customers. Launched in 2014 Amazon Prime Pantry launched in the US in 2014, enabling Prime members to order products including non-perishable food, alcohol, personal care and household items for delivery. The aim of the service was to allow shoppers to stoc...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
08 January 2021
The Delhi high court recently upheld the proposed merger of Future Retail Limited (FRL) with Reliance Retail Ventures Limited (RNRL), following a challenge by Amazon.  It has also allowed Amazon to continue opposing the merger in appropriate legal forums. Delhi high court clears Future-Reliance deal According to the Delhi high court, the transaction between Future and Reliance did not viola...
17 November 2020
We review Walmart's third quarter performance and the outlook for the business as it prepares for the holiday trading period. Walmart's key numbers Walmart's total revenue in Q3 increased by 5.2% to $134.7bn Operating income increased 22.5% to $5.8bn Sales in its US stores increased by 6.2% to $88.4bn and by 8.3% to $15.8bn at Sam’s Club US comp store sales increased by 6.4%, wi...
17 November 2020
The divestment of 85% of its stake in Seiyu in Japan is the most recent of several retrenchments globally for Walmart. We look at how this move aligns with its international strategy and what it means for the business going forward. Last new market entry in 2011 With nine years having passed since Walmart’s last entry into a new market, its recent round of international divestments should c...
28 October 2020
As Metro Group expands in India and acquires a business in Portugal, we round up news from the cash and carry company. Metro acquires business in Portugal In Portugal, Metro has acquired the Aviludo Group, which it describes as the second largest food service distribution company in the country. Aviludo generated sales worth €152m in 2019 and services more than 13,500 HoReCa clients nationw...
02 October 2020
With Walmart confirming the sale of its UK-business, Asda, to the Issa Brothers and TDR Capital, we look at what the deal means for the retailer. 1. Opportunity to benefit from business improvement This transaction follows on from a similar move in Brazil in 2018, when the retailer divested an 80% majority stake of its operations in the country to private equity firm, Advent Internati...
02 September 2020
Reliance Retail Ventures, a subsidiary of Reliance Industries, will buy Future Group’s retail and wholesale business including its logistics and warehouses for US$3.4bn. Reliance strengthens leadership position Reliance Retail is India’s largest retail store operator including 621 Reliance Fresh (neighbourhood stores) and Reliance Smart (supermarkets), 52 Reliance Market (cash and carry), 7...
18 August 2020
We review Walmart's second quarter results and its outlook as the business adapts to the new trading environment. Walmart's key numbers Walmart's total revenue in Q2 increased by 5.6% to $137.7bn Operating income increased 8.5% to $6.1bn Sales in its US stores increased by 9.5% to $93.3bn and by 8.8% to $16.4bn at Sam’s Club US comp store sales increased by 9.3%, with average ti...