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A struggling 261-year-old UK toy-store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who's looking to India where about a fifth of the world's babies are born to fuel its revival. Hamleys, a British retail icon that hasn't made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani's Reliance Brands Ltd. Besides the main growth market, the company is also adding stores from Europe to South Africa and China, ...

Mukesh Ambani bought Hamleys in 2019 to strengthen his retail footprint. (File photo) NEW DEELHI: A struggling 261-year-old UK toy-store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who’s looking to India where about a fifth of the world’s babies are born to fuel its revival. Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani’s Reliance Brands Ltd....

Lockdown blues SUBSCRIBE We'll soon meet in your inbox. / Morning Dispatch Harsh lockdowns have brought e-commerce to a halt in some states, which means that while overall demand for online shopping is still up, it isn’t close to matching last year’s growth. Also in today’s letter: India’s national Unicorn week State of the e-commerce nation Regional lockdowns have hampered e-commerce sales in some states and boosted them in others. And while overall demand has grown, it hasn’t surged in the way it did last year, e-commerce executives told ET. What’s happening: Lockdowns in som...

In season of gloom, IPL to accelerate off-take of in-house consumables ​ By IANS | Published on ​ Fri, Apr 9 2021 22:03 IST | ​ 7 Views   The all-new Tata SAFARI is the Official Partner for VIVO IPL 2021. Image Source: IANS News New Delhi, April 9 : The mega sporting event -- IPL 2021 -- is expected to give an added support to the in-house consumable, advertisement as well as e-commerce segment this season. The BCCI-backed IPL draws its financial muscle from millions of fans and followers along with franchises who invest handsomely on players and branding. It is counted as one of ...

NEW DELHI - India's vaccination drive is expected to speed up substantially after the federal government roped in the private sector. Some 20,000 private and 10,000 public hospitals will be administering the vaccine from March 1, according to the government. Previously the drive involved only 10,000 hospitals, mostly public. Unlike scores of other countries, India does not have a problem with access to vaccines. Instead, its issue is that the roll-out has been too slow. More than 13 million healthcare and front-line workers have been inoculated in a month with vaccine hesitancy and a glitchy ...