Mahindra Retail news and archive

Mahindra to rename Mom & Me as Babyoye by Mahindra

Mahindra Retail, which acquired online portal Babyoye.com earlier this year to strengthen its online presence in the maternity and childcare segment, has now decided to rename its stores as 'Babyoye by Mahindra' instead of 'Mom & Me'. Its online as well as offline stores will now flaunt a new brand name. Mahindra Retail currently operates 115...

Business

Mahindra retail to close over 25 Mom & Me stores

Mahindra Retail, which runs the Mom & Me chain of kids’ wear stores and also recently acquired online platform Babyoye.com, plans to close around 25 stores by the end of the month while bringing young executives for growth. The company is also moving to cheaper office premises to bring down costs. Mahindra Retail operates 115 Mom & Me stores...

Business

Mahindra to merge online business of Mom & Me and Babyoye

While continuing with its retail expansion strategy for Mom & Me brand by opening more physical stores across the country, Mahindra Retail, which acquired Babyoye.com last month, plans to consolidate its e-commerce business into a single platform under Babyoye. In August last year, Mahindra brought in Prakash Wakankar from its private equity arm...

Business

Mahindra acquires BabyOye.com

Mahindra Group that already owns and operates baby products venture Mom & Me, has now acquired online baby products store BabyOye.com for an undisclosed amount. Experts view this as a move to strengthen its positioning in the baby-products segment, largely dominated by the unorganized sector. Babyoye, set up by Sanjay Nadkarni and his wife...

Business

Mahindra Partners may acquire BabyOye.com

Mahindra Partners, the business arm of the diversified conglomerate Mahindra Group, is said to be negotiating a deal to acquire online portal BabyOye. Group’s retail arm already has strong online and offline presence through Mom & Me. Mahindra Retail operates over 100 Mom & Me and Beanstalk stores, which earned revenues of Rs 206 crores and a...

Apparel

Mahindra Retail ropes in Prakash Wakankar as new CEO

Mahindra Retail has brought in Prakash Wakankar from its PE equity armMahindra Partners to replace K Venkataraman as the Chief Executive Officer of the company. Mahindra Retail runs the Mom and Me and Beanstalk chain of stores. Wakankar is the former CEO of the Indian business of confectionery maker Perfetti Van Melle and also headed Mahindra...

Apparel

Mom & Me eyes robust retail expansion

Mom & Me, part of Mahindra Retail has launched 75 stores in the last four years, across India. The brand offers a wide range of products for expecting mothers, infants and young children like maternity fashion, infant apparel and tradition toys. It plans to continue expanding the presence of Mom & Me and Beanstalk over the next few years. The...

Apparel

Mahindra cut shorts retail expansion plans for Mom & Me

Mahindra Retail, which owns the chain store Mom & Me, a one stop shop for all baby and maternity products like apparel, toys and wellness products, has put a full stop to its retail expansion plans owing to losses. Sources say the company would pull down shutters on more than 10 stores to cut costs. Another reason for going slow as of now is due...

Apparel

Mahindra Retail to focus on expanding Mom & Me

Mahindra Retail is all set to expand its presence by focusing on retail expansion of its speciality format Mom & Me and Beanstalk. In the last four years it has opened about 75 Mom & Me stores across India which offers products for expecting mothers, infants and young children. It sells Indian maternity fashion, infant apparel and tradition...

Apparel

Lisa Pinto quits Mahindra Retail

Lisa Pinto, Head Buying & Merchandising-Assistant Vice President, Apparel at Mahindra Retail has put in her papers after serving with the company for over four years. She started her career with Littlewoods International as kidswear buyer in 1995. She stayed with the company when Littlewoods was bought by Tata -Trent and rebranded as Westside....

Apparel

Mahindra Retail targets over Rs 200 cr turnover

Mahindra Retail, which entered the retail space through its Mom & Me stores, expects to have 150 stores by the end of the current fiscal and is eyeing over Rs 200 crores turnover this fiscal. While the investments in the retail stores have already crossed the Rs 100 crores mark, by the end of this month, the company would have launched over 100...

Apparel

Mahindra ties up with Destination Maternity

Despite the government allowing 100 per cent foreign direct investment in single brand retail, letting global labels set up stores on their own, Destination Maternity has chosen Mahindra Retail as its franchisee partner in India. Mahindra Retail, the retail wing of the $14.4 billion (over Rs 78000 crores) Mahindra Group, has announced its tie up...