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Bata issued a ‘clarification’ saying that the company is “continuing to explore opportunities for strategic alliance / collaborations / tie-up for the Indian market” and would disclose this information as and when it happens.
Bata India clarifies strategic alliances amid rumors of a partnership with Adidas for the Indian market.
Retail sector decline deepens in Q1FY24, companies hopeful for demand revival during festive period, according to Nuvama Institutional Equities. Top recommendations: Trent, Sapphire Foods, Titan; cautious on DMart, Page Industries, Bata India.
The report further mentioned that the talks are likely at an advanced stage and the deal contours are in the works
India Business News: NEW DELHI: Fashion retailers to quick service restaurant (QSR) firms are coping with tepid demand as consumers continue to keep a check on discretiona.