Company News
Government Permits 100% FDI In Single Brand Retailedit
Later in August, Urban ladder reportedly received a single brand retail trade (SBRT) licence from the Department of Industrial Policy and Promotion (DIPP).
Publication: Inc 42
Date: January 10, 2018
Stripe Poweredit
This swing chair with a stand is hassle-free and comfortable, just what you need on a tiring day
Publication: Deccan Herald (Clip Attached)
Date: January 11, 2018
Etailers Hope for Rise in FDI Investment, Healthy Competitionedit
But it also anticipates more competition from overseas entering the domestic market. There are a lot of singlebrand retailers who have wanted to foray into the Indian market,†said Urban Ladder chief executive Ashish Goel. This move will make it easier for them and invoke healthy competition in the market.
Publication: The Economic Times (Clip Attached)
Date: January 11, 2018
Etailers hope for rise in FDI investment, healthy competitionedit
Online furniture retailer Urban Ladder, which was recently granted a singlebrand licence, expects to now be able to expand more smoothly into categories beyond furniture using foreign capital without having to seek the government’s approval. But it also anticipates more competition from overseas entering the domestic market.
Publication: The Economic Times
Date: January 11, 2018
Competition and Industry News
Ikea Is Asking Women to Pee on This Ad, and We’ve Got Questionsedit
There are probably some odd things that people would do for a good discount, but this is a new one. In Sweden, furniture maker and meatball purveyor Ikea has released its first magazine advertisement of 2018, and the company has included some, let’s say interesting, technology in the ad.
Publication: The Economic Times
Date: January 10, 2018
Cabinet approves major changes in FDI policyedit
In a move that will give a boost to foreign retailers like Ikea, the government approved 100% FDI under the automatic route for single brand retail trading.
Publication: The Afternoon Dispatch & Courier
Date: January 11, 2018