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Showing posts with the label Bangalore

20 years in Retailing

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We were 42 of us who arrived at Spencers Plaza at Chennai, one of the only few malls in India in 2001.  Most of them had come outside of Chennai. We all had one common reason to come together, through all the diverse backgrounds that we had. We were the Retail Management Trainees to join RPG Group for a 3-week induction at the HQ located on the fourth floor of the same building. Imagine a career, where you have to work amongst shops selling grocery, beauty products, food and beverage and all within a full air-conditioned environment. Only that this luxury would be short lived until we moved back to our “regions” – our destinations to write our own destinies, all by ourselves. The day was 4 th   June 2001. One of the most memorable days in my professional career.  I had unofficially joined the retail industry way back in 1997 when I would scoop ice-cream part time at a Baskin Robbins parlour, the first one in Chennai and second in India. Though I was pursuing software languages in the m

Mall revival - Real or Imaginary?

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I have been visiting Malls in Chennai and Bangalore ever since they were open for public after continued lockdowns since Mar. ’20 due to the ongoing Corona pandemic. Mall owners, Multiplexes, Retailers, Restaurants and perhaps every consumer-serving business has been quite badly hit all these months and globally, we have seen many of them go bankrupt or shut down their businesses, while a few are somehow staying afloat amidst all the chaos. In the early years of my career with India’s first seamless mall chain way back in 2005, Bangalore Central I realised how Indians shop and consume – food, clothing and entertainment go together. We are a country that meticulously plans for a movie outing with a date, family members or friends and eventually dress up to visit a Cinema Hall. Therefore, Multiplexes, ranging from 3 screens to 7 or even 8 have been a regular feature at most of the Malls across India and is credited for one of the key reasons for a Centre’s success. With the first lockdow

The Future of Retail

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The writing was on the wall for a long time. Many old timers like me and thousands of retail enthusiasts in India and worldwide were eagerly waiting for the announcement. That the Reliance Group was a strong contender to buy out The Future Group lock, stock and barrel was a known fact. And that Amazon and Walmart were discussing the final nuances was also a known thing. And then, it happened finally. It Happened In India – on 29th August 2020, Reliance Retail and The Future Group formally announced in the media that the former had bought out the wholesale, retail and warehousing business of the latter in full. A red letter day for self made Entrepreneurs, groaned many on social media and in passive interactions. The man recovered his 30 year’s investment of time, quipped many others. A few former employees were seen sulking in public and private, some even wept at this outcome. At the end of the day, it’s a business that has changed hands, owners and course. Life moves on, so why fre

A lot happened to Coffee

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I was taking an 8.30am flight that morning when News channels at the Chennai Airport flashed that Mr. VG Siddhartha had gone missing the previous night at Mangalore. He had asked his driver to stop the car and walked along the now infamous bridge along Nethravathi River near Ullala town only to never return. His dead body was found two days later along the coast and was cremated the same day at his native town, Chikmagalur. Those unfortunate three days, I happened to be in Bangalore on work. I was restless right from the moment I heard the news, the two days of suspense and finally watching the last rites on a TV App on my mobile even as my Cab was passing by Coffee Day Square on Vittal Mallya Road. I was breathless for a few hours even after reaching my hotel room that night. Sometimes, I still get nightmares. Although I was never too close to “Chairman” as we called him, I had the rare opportunity to work closely with him between 2009 – 2011 when I was General Manager – B

My Retail Journey with the Coffee King

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I have sang praises for the coffee consistency across India. I have shared so many anecdotes about my most favourite Indian Retail brand. I have done case studies on what went well and what didn’t for my previous company. And I have also occasionally complained about a few things I haven’t liked, much to the chagrin of my former and present colleagues. But I never thought I would have to write such an obituary for my former boss, retail czar, coffee king of India and the most unassuming Late Shri. VG Sidhartha.     My first premium coffee was at Barista, KNK Road in Chennai in the late 90s. But I preferred CCD over Barista for two reasons – there were more youngsters at CCD; it was easy on the purse (I hadn’t graduated to a wallet those days!). When we finished our MBA and received Certificates at the Convocation event, we celebrated the day at CCD Ispahani Center, Chennai. A few years later, I took a Shatabdi to attend an interview at Bangalore for the role of an Area Manage

Rail Retail – The next big thing?

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Among the few exciting assignments that I have worked all my life, one of the most interesting ones was setting up commercial opportunities at the first greenfield private airport in India at Bangalore in 2006. I was among the first few to join BIAL, the company which was helmed by Zurich Airport along with L&T and Siemens as Private Partners and the Union Government of India & Government of Karnataka providing the necessary statutory support. I was solely responsible for conceptualising, designing, leasing and later managing the Retail areas at the Airport which included Duty Free Retailing in the International Departures & Arrivals, Domestic Retail in all other areas, F&B outlets including Cafes, Restaurants, Pubs and ForEx outlets keeping in mind the convenience of passengers as well as increasing the non-Aero revenues for the airport company. What was then (in 2006) – Travel Retail, a national industry of Rs. 300 Crores pa is now over Rs. 3,000 Crores, thanks to u

Sleep Matters

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It’s been an eternal debate if it makes sense to fly business class or first class while the seats in the Economy Class also take us to the same destination. The arguments in favour and against this topic have been featured in various magazines, articles and even International symposiums and Travel Seminars worldwide, some of which I have personally attended.  I have had so many memorable trips within India and outside. The first stamping on my passport was a Swiss Visa when I joined BIAL in 2006. I was sent for a study tour and orientation of Zurich Airport towards Travel Retail which was also one of the shareholders of BIAL, India’s first private airport built on a PPP model. Between 2006 – 2009, I travelled 10 countries including China, speaking about Indian Aviation at Conferences in Singapore & Malaysia. My most memorable trip has been the one on Singapore Airlines in 2007 on First Class, up and down for one of those Travel Retail Conferences where I was representing

Notes of a Frequent flyer

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The biggest technology revolution Indian’s have encountered in the past 5 decades is the advent of the internet for daily use. From ordering Vegetables & Grocery, booking Travel tickets for Air, Train, Bus and Taxi rides on Ola & Uber and not to mention the flirtatious relationship we enjoy with Amazon, Flipkart, Snapdeal and others – India is the only country in the world which has the highest percentage of “Cash on Delivery” model – a method we have invented where the delivery boy collects cash after delivering the parcel from an E-Commerce company… be it mobile phones or an acrylic accessory which hides the back (and sometimes even the front of the Rs. 50,000 (about $700) worthy iPhone XR) or a simple Pizza that is delivered from the neighbourhood Pizza Hut.  And this is where the first nightmare begins for the frequent Indian Traveler like me. Even as a harried (and hurried) passenger books his/her cab through a cab-hailing App such as the Wall St. funded Uber o