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Dubai-Based Doner & Gyros To Set Up 200 Outlets Across India Doner & Gyros, a Dubai-based quick service restaurant chain has announced to open about 200 stores in the country making a surprising entry into the Indian Market in the next 5-7 years. The company has earmarked an investment of Rs 200 crore in India which will start with the opening of its first store by August this year. Doner & Gyros has already market share in 21 countries including London, UAE, Saudi Arabia and Lebanon. Doner & Gyros CEO Nabi Naseeb said, "One store will cost somewhere around Rs 1.5 crore and we plan to open 150 to 200 stores in the next 5-7 years that makes it around Rs 200 crore." Naseeb said, "Our products will be customised as per Indian market," adding that the company will take advantage to capitalise on products from Berlin and Chicago in Indian market. The QSR has contracted with FranGlobal, the overseas arm of franchise solutions company Franchi...

Amway India targets Rs.125 Cr Revenues by 2020 With New Range Direct selling FMCG company Amway India is aiming to generate Rs. 125 cr revenue from the recently launched 'Nutrilite Traditional Herbs Range', which has substantially expanded its nutrition and wellness product portfolio. Chandra Chakraborty, Regional Manager, Eastern Region, Amway India said, "Our nutrition and wellness product portfolio has been enlarged with the launch of 'Nutrilite Traditional Herbs Range', backed by the best of nature and the best of science. The new range is targeted to yield revenue of Rs.125 crore by 2020.” Chakraborty said the Vitamins and Dietary Supplements (VDS) market size is Rs.8,400 crore and is poised to grow at 10% in the next 5 years. Ajay Khanna, Category Head - Nutrition and Wellness, Amway India, said the new wellness product range from Nutrilite is based on Indian traditional wisdom that addresses the day-to-day physiological challenges and contribut...

Amazon Launches First Debit Card In Mexico To Boost E-commerce In a bid to encourage shoppers with bank accounts to buy online, Amazon.com Inc. has launched its first-ever debit card in Mexico. Internet retailers and brick-and-mortar chains in Mexico are investing heavily in e-commerce as the sector gains in popularity, although it is still a small fraction of total retail sales. Part of the challenge is attracting consumers who are wary of online fraud and do not have access to credit and debit cards. Less than a third of adults in Mexico have credit cards, according to a 2017 government report. Amazon said that Mexico was the first country where it has offered a debit card, called Amazon Rechargeable, aiming to give customers a new method to shop on its website. Fernando Ramirez, Amazon's product manager in Mexico, in a statement said, "Clients that don't have a credit or debit card will find Amazon Rechargeable an easy and practical way to conver...

Beauty Palace Enters Eastern Market With Its Maiden Store In Kolkata In the efforts of taking advantage of the largely unorganised beauty and cosmetic market in Kolkata and the eastern region, Beauty Palace a Bhamla group venture, opened its first outlet in Kolkata out of Mumbai. The new set up will be targeted to meet both the needs of B2B and B2C segments under one roof. Opening of Kolkata store is part of the company strategy to launch 30 offline stores in India by 2025. Rayed Merchant, Director Marketing, Bhamla Group said, “Upon our survey we realised Kolkata has a big market for cosmetic and beauty products, but it is largely unorganised. We realised, if we offer a complete solution under one roof, it will be a win-win situation for the buyers and for us as a seller.” The Merchant said, “After Kolkata, we want to spread our wings to various cities in eastern parts of India. The buyers from the eastern region would no longer need to travel to Mumbai or Delhi, as they...

Azim Premji, Prudential Join To Earn Stake In Star Health US Insurer Prudential in partnership with the private investment arm of Wipro chairman Azim Premji, and ICICI Lombard have joined hands against WestBridge Capital Partners to control stakes in Star Health and Allied Insurance. Star Health is India’s largest independent health insurance company, which could be valued at around $1 billion. Rahul Garg, partner, PremjiInvest, confirming the development said, “We have formed a consortium with Prudential and are involved in the process. However, it is too early to comment on a deal as a lot of other bidders are also there.” Prudential is said to have been scouting for an Indian partner to bid for the health insurer. People familiar with the deal expect ICICI Lombard’s cash-cum-stock to be the highest offered, but the WestBridge consortium, and the Prudential and Premji combine, have made compelling all-cash offers. The investors of the Chennai-headquartered Star Health ha...