 |
Brexit minister signs order to end all EU law in Britain |
| |
Source: China.org.cn, Aug 19, 2019 |
| |
Brexit Secretary Stephen Barclay has signed an order that will end all European Union (EU) Law applying in Britain from Oct. 31, 2019. Barclay has signed into law legislation to repeal the Act of Parliament which set in stone Britain's EU (then EEC) membership in 1972. The order will repeal the 1972 Act, and bring the European Union Withdrawal Act into force. The repeal of the 1972 Act will take effect when Britain formally leaves the EU on Oct. 31. |
| |
Our Case Studies: |
| |
In a referendum held on June 23, 2016, Britain decided to exit the EU and snap relations with the 28-member nations club. Ever since the UK joined the EU, there had been heated debates on the value of its membership in the bloc that had prompted the emergence of a group of euroskeptics in Britain who led the movement for Britain’s exit, or Brexit, from the EU. To know about Brexit, read our cases: |
| |
“BREXIT: The Debate, the Decision, and the Aftermath” |
| |
“Britain after Brexit: an Uncertain Future Ahead” |
|
Grofers claims it is on track to hit INR550 crore gross merchandise value in August |
| |
Source: The Economic Times, August 13, 2019 |
| |
E-grocery retailer Grofers claimed it was on track to hit Rs 550 crore in monthly gross merchandise value (GMV) on the back of its semi-annual sale, which has been running for the past two days. The company beats its closest rival BigBasket when it comes to gross sales per month. |
| |
Our Case: |
| |
Grofers was started in 2013 as a B2B company to act as an intermediary between mandis, shops and customers. It ventured into B2C business connecting customers with their local neighborhood merchants such as grocery shops, fruit and vegetable vendors, bakeries or pharmaceuticals, toy shops, via apps on Android and iOS. Initially it started operating in New Delhi and slowly expanded to other major cities in India. Though Grofers expanded rapidly, it faced several complications in its operations. To know more, read our case: |
| |
“Grofers: Will the Hyper Local B2C Model Survive?” |
|
Tata Starbucks enters Gujarat with 5 new stores in Ahmedabad and Surat |
| |
Source: FnBNews.com, August 8, 2019 |
| |
Tata Starbucks Pvt. Ltd. has entered Gujarat with the opening of five new stores across Ahmedabad and Surat. India continues to be one of Starbucks’ fastest-growing markets, and with the expansion into the two cities, Starbucks as of today has presence in 10 cities across the country. Ahmedabad and Surat will be home to the new Starbucks stores and will be open to customers from August 8, 2019 onwards. |
| |
Our Case: |
| |
Starbucks was established in the year 1971 in Seattle, US. It entered India in 2012 through a joint venture with India-based Tata Global Beverages. During the early days of its opening in October 2012, customers lined up to take a sip of the branded hot beverage. To know more, read our cases: |
| |
“Starbucks' Foray into Tea-Drinking India” |
| |
“Starbucks in India: Serving the Indian Brew” |
| |
“Supply Chain Transformation at Starbucks (A)” |
| |
“Supply Chain Transformation at Starbucks (B)” |
|
Zomato Lays off about 100 Employees in Cost-cutting Drive |
| |
Source: Moneycontrol.com, Aug 08, 2019 |
| |
Food delivery and restaurant discovery platform Zomato has laid-off around 70-100 employees in its customer support team at its office in Gurgaon, India, as the company looks to cut costs and reduce redundancies across its food delivery business. Zomato currently spends anywhere Rs 4- Rs 5 per order on customer support and after-sales services on each food order. |
| |
Our Case: |
| |
Zomato was launched in 2008 by Deepinder Goyal (Goyal). It was able to raise funds from various investors and in no time expanded pan India and by 2012 reached its first oversees location. By 2015, it was operating in 23 countries. With rapid expansion and increased competition, the revenue of the company kept growing. However, EBITDA was negative and was continuing to fall. To know more, read our case: |
| |
“Zomato: Downsizing to Remain Competitive” |
+91- 9640901313