• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Monday, February 6, 2023
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Business

Ravi Jaipuria to exit loss-making grocery retail business

Donna Gilbert by Donna Gilbert
August 30, 2022
in Business
0
Ravi Jaipuria to exit loss-making grocery retail business

“We are exiting the J-Mart stores venture as the business model wasn’t working for us,” said Jaipuria, president of the $1.6-billion revenue group.
New Delhi: Three years after Ravi Jaipuria entered the grocery retail business, PepsiCo’s largest South Asia bottler is exiting the loss-making venture by closing around 100 of J-Mart convenience stores.

Ravi Jaipuria to exit loss-making grocery retail business 1

Article Summary show
READ ALSO
Pandora Bracelets: What You Need to Know About Them
Cloud Computing Services Are Taking Over The World

READ ALSO

Pandora Bracelets: What You Need to Know About Them

Cloud Computing Services Are Taking Over The World

 

“We are exiting the J-Mart stores venture as the business model wasn’t working for us,” said Jaipuria, president of the $1.6-billion revenue group that has businesses spanning from beverages to running franchisees of global brands, including Pizza Hut KFC and Costa Coffee.

Jaipuria entered the lucrative yet challenging grocery retail business in 2016 in a bid to leverage its PepsiCo bottling supply chain as well as its manufacturing capabilities of various products, including juices, chips, ice-cream, and bread.

However, the chain, that generally opened 300-500 sq ft convenience outlets in neighborhoods, failed to make a mark in a market that has larger existing players including the Future Group, Reliance Retail, Spencer’s Retail among others as well as a new breed of online grocery firms such as BigBasket.com and Grofers.com.

Losses at Alisha Retail, the unit that operated J-Mart chain, nearly doubled to `42 crore for the fiscal year ended March 2018 on total revenue of about `73 crore that year, according to Registrar of Companies figures sourced by research firm Veratech Intelligence. Alisha Retail reported a loss of `22 crore in the previous fiscal year.

“The J-Mart venture was too small, and we may consider reentering in the future. There are no immediate plans,” Jaipuria said.

Jaipuria’s RJ Corp has made a fortune and has grown to be the largest bottler in South Asia and one of the top three bottlers for PepsiCo worldwide. Last month, RJ Corp’s NSE-listed flagship entity Varun Beverages (VBL) had acquired PepsiCo’s bottling, sales and distribution franchise rights in the west and south India for Rs 1,850 crore, involving the transfer of 1,900 employees.

Related Posts

Pandora Bracelets: What You Need to Know About Them
Gold

Pandora Bracelets: What You Need to Know About Them

February 2, 2023
Cloud Computing Services Are Taking Over The World
Market

Cloud Computing Services Are Taking Over The World

January 31, 2023
Intz Stock: What Is It
Stock

Intz Stock: What Is It

January 28, 2023
What is Meant by Pure Endowment?
Money

What is Meant by Pure Endowment?

January 23, 2023
South Korean Culture Business – Why You Should Start One
Business

South Korean Culture Business – Why You Should Start One

January 23, 2023
Can You Make Money From Day Trading?
Money

Can You Make Money From Day Trading?

January 7, 2023
Next Post
Prabhat Dairy gets shareholder nod for sale of its business to Lactalis

Prabhat Dairy gets shareholder nod for sale of its business to Lactalis

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • Pandora Bracelets: What You Need to Know About Them
  • Natural Remedies to Get Rid of Armpit Pimples
  • Cloud Computing Services Are Taking Over The World
  • Intz Stock: What Is It
  • What is Meant by Pure Endowment?
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In