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Burberry and Highgrove unveil creative partnership to "welcome British springtime

May 13, 2025Latest NewsAdmin

Springtime may be nearly two months in (and with recent sunny weather, Britons may already be thinking of summer) but Burberry has linked up with the King and Queen’s private residence, Highgrove to “welcome springtime” via a capsule collection.

It celebrates the label’s “relationship with Highgrove Gardens, which surround the private residence of King Charles III and Queen Camilla. Honouring our British heritage as a proud Royal Warrant holder, the Highgrove x Burberry collection promotes the work of The King’s Foundation, which acts as custodian of Highgrove Gardens, and reflects King Charles III’s long-standing interest in environmental conservation”.

The company said the 28-piece capsule is “full of British charm, [it] celebrates the vibrant designs of artist Helen Bullock. Taking her cues from the natural world, Bullock has created four artworks inspired by the Kitchen Garden at Highgrove – a walled oasis where nature’s design meets careful cultivation”.

She’s drawn inspiration from its trees, arbours and cascading flowers – alongside its honeybees and fountain for menswear, womenswear and accessories and said she “fell for the tangled sway of wildflowers and that special combination of dancing poppies and cosmos”.

As well as the natural inspiration from Highrove the collection also speaks of “Burberry’s deep-rooted relationship with the outdoors” and the main material of each piece is made from either certified wool, organic cotton or organic silk.

It’s the fourth joint collection from the label in conjunction with the charity and Scott Simpson, retail director for The King’s Foundation, hailed the “strong relationship between Burberry and Highgrove”.

The supporting campaign showcases the Highgrove x Burberry collection alongside a selection of core pieces, in a series of family moments amid “the beauty of a British country house and garden”.

Actors Elizabeth McGovern, Laura Carmichael and Sope Dirisu wear a selection of pieces in a portfolio of portraits, shot by photographer Camille Summers-Valli. The use of McGovern and Carmichael is likely to add to the appeal as they’re known for their roles in the acclaimed TV series Downton Abbey (much loved by British heritage fans globally), while Dìrísù recently played the title character in period drama film Mr Malcolm’s List.

In-store selected locations will feature window displays with “a standout display in Qingdao, China, inspired by the work of Helen Bullock”. Bespoke installations can also be seen in Miami, Sanlitun in Beijing, and Regent Street, London, which will also feature, adorned with florals and benches reminiscent of a British country garden.

Author Credits- Sandra Halliday, FASHION NETWORK

Spinneys reports highest-ever Q1 revenue, up 11.3% to AED 906mln

May 13, 2025Latest NewsAdmin

Bottom line growing 14% as three new stores open in first quarter

Q1 2025 revenue hit record high of AED 906 million, driven by like-for-like sales growth, new store openings, increase in Online sales and higher penetration of Fresh and Private Label sales
Adjusted EBITDA of AED 182 million, up 20.6%, at an industry-leading margin of 20.1%
Profit before tax grew 23.2% to AED 102 million, with profit for the period up 14% to AED 85 million
10 new stores opened across the UAE and Saudi Arabia over the last 12 months, with 10-12 new stores planned for the UAE and Saudi Arabia through 2025, strengthening Spinneys’ presence in core markets

Dubai, UAE: Spinneys (“Spinneys” or the “Company”), the region’s leading premium fresh food retailer, has announced its financial results for the three-month period ended 31 March 2025. First quarter revenue hit a record high of AED 906 million, increasing 11.3% vs. Q1 2024, driven by three new store openings during the quarter, increased Fresh and Private Label sales, strong like-for-like growth, and higher Online penetration. Profit before tax grew by 23.2% to AED 102 million, with profit for the period increasing by a healthy 14% to AED 85 million, after absorbing the impact of 6% additional tax on applicability of Pillar Two Rules which provides for a minimum tax of 15%, thus, reflecting Spinneys’ industry-leading efficiency and margin profile.

Sunil Kumar, Chief Executive Officer at Spinneys, commented:

“We have carried the momentum we built in 2024 into 2025, and this is evident in our Q1 results. The continued execution of our growth strategy has again resulted in exceptionally strong financial performance. We have achieved robust growth in revenue driven by increased like-for-like sales coupled with the expansion of our store network in the UAE and Saudi Arabia. Three new store openings in Dubai in the first quarter demonstrate that there is still a significant white space opportunity available to us, even where our footprint is strongest.

“While the UAE remains the core of our operations, we continue to explore growth opportunities throughout the GCC and look forward to more store openings in Saudi Arabia. These will include our first store in Jeddah in the second half of the year, which comes on the back of exceptionally strong consumer demand for us to expand beyond Riyadh, where we opened our first two Saudi stores in 2024.”

Financial Highlights

AED (m)	Q1 2025	Q1 2024	YoY (%)	Like-for-Like Growth (%)
Revenue	906	815	11.3%	6.7%
Gross Profit	375	336	11.7%	–
Adj. EBITDA[1]	182	151	20.6%	–
Profit Before Tax	102	83	23.2%	–
Profit for the Period	85	75	14%	–

Record Top-Line Growth with Best-in-Class Profitability

Revenue: Increased by 11.3% year-on-year, reaching AED 906 million in the first quarter. Top-line growth was driven by like-for-like sales growth of 6.7% and the opening of ten new stores across the UAE and Saudi Arabia since April 2024, and particularly strong performance in Fresh and Private Label sales, with penetration growing by 1% and 1.2%, respectively. Online sales penetration grew to 15.6% during the year, as compared to 13.7% in Q1 2024.

Profitability: Gross profit increased by 11.7% year-on-year to AED 375 million, with a stable gross profit margin of 41.3% compared to 41.2% in 2024, achieved through efficient sourcing and supply chain management and Spinneys’ highly successful Private Label strategy, which emphasizes high-margin products.

Adjusted EBITDA totaled AED 182 million in the first quarter, up 20.6% year-on-year, with an adjusted EBITDA margin of 20.1%, compared to 18.5% in 2024.

Quarterly profit before tax grew by 23.2% to AED 102 million at an 11.2% profit before tax margin (up from 10.2% in Q1 2024), while profit for the period increased by 14% to AED 85 million at a 9.4% profit margin (up from 9.2% in Q1 2024).

Transaction growth: Transaction volume grew by 7.8% year-on-year to 9.9 million in the first quarter, reflecting growing customer demand on the back of supportive macroeconomic dynamics, while the average basket size increased to AED 92 as compared to AED 89 in Q1 2024, up 2.9%.

Continued Strategic Execution

Store network expansion: Spinneys continued to successfully execute its growth strategy through the expansion of its store footprint. From 1 April 2024 to 31 March 2025 the Company opened 8 new stores in the UAE and 2 in Saudi Arabia, resulting in a significant increase in gross selling area. In a post period event in April 2025, Spinneys opened one further store in Dubai’s Nad Al Sheba Mall.

Digital transformation: In line with its digital transformation programme, Spinneys has widened coverage of the Spinneys Swift delivery option within its upgraded customer app, enhancing ordering convenience. Additionally, the Company has ensured that The Kitchen by Spinneys’ range of high-quality, convenience-focused ‘on-the-go’ products is available on select online platforms.

Grocerant concept: Spinneys continued to evolve its ‘grocerant’ concept with the successful launch of The Kitchen by Spinneys at Dubai Mall in Q2, named by IGD as one of the ’35 Global Must-See Stores in 2025,’ followed by a second opening at Dubai’s Creek Beach in Q4. The latest location combines The Kitchen by Spinneys and a small grocery section, elevating customer experience and are planning to open 2 locations during 2025.

Business Outlook

Management maintains a positive outlook for 2025, expecting to open 10-12 new stores across the UAE and Saudi Arabia by year-end. Annual revenue growth is expected to be between 9-11%, driven by new store openings coupled with like-for-like sales growth of 4-6%. The Company expects to maintain its industry-leading adjusted EBITDA margin of 19-20%.

About Spinneys

Spinneys’ story started in 1961 when the first grocery opened in Al Nasr Square, Dubai. It has since grown to become the leading premium fresh food retailer in the region, with 81 stores (70 owned and 11 operated, including Waitrose) across the UAE, Oman and Saudi Arabia. Much loved by expats and locals in the region, Spinneys enjoys a well-deserved reputation for forward thinking, keeping pace with changes in cooking trends and the emergence of new products worldwide. Today, Spinneys has built a name for supplying top-quality produce and offering an elevated level of customer service. Food quality, safety and freshness have always been at the forefront of the Company’s ethos – just one reason the Spinneys brand is defined as ‘The fresher experience’. www.spinneys.com

News Credits- ZAWYA BY LSEG

More Retail plans ₹2,000-crore IPO in 2026 to aid expansion, reduce debt

May 13, 2025Latest NewsAdmin

The retail chain, which is expanding aggressively, is set to cross 1,100 stores soon and aims to become EBITDA-positive with ₹60 crore profit in FY’26

Amazon and Samara Capital-backed supermarket chain More Retail is planning to raise around ₹2,000 crore through an initial public offer (IPO), which is expected to hit the market in the calendar year 2026, a top company official said on Monday.

The proposed fund-raise plan will be mostly through fresh capital infusion, with no significant offer-for-sale component, as promoters, Samara Capital and Amazon, who hold 51% and 48% stake respectively, are unlikely to offload their shares, he said, adding that the remaining stake is held by family offices.

“We are looking at an IPO in 12–18 months, depending on valuation and market conditions. We hope to raise ₹2,000 crore, and the current promoter dilution could be about 10%,” More Retail Managing Director Vinod Nambiar said.

He said the funds will be used primarily to expand the store count to 3,000 by 2030 and to make the company nearly debt-free.

The current debt stands at about ₹500 crore, consisting of loans and non-convertible debentures (NCDs), the company official said.

Both promoters have a long-term commitment to the business and pumped in ₹900 crore over the past five years in addition to the acquisition cost of ₹4,300 crore.

“More Retail raised ₹150 crore in the last 120 days from family offices to benchmark valuation,” Nambiar said.

The retail chain, which is expanding aggressively, is set to cross 1,100 stores soon and aims to become EBITDA-positive with ₹60 crore profit in FY’26, he said.

The company reported a ₹65 crore EBITDA loss in FY’24, as per Ind AS accounting standards.

“It will take two years to achieve PAT-level profitability,” he added.

The retailer is also deepening its partnership with Amazon Fresh. Currently, 270 of its stores serve Amazon Fresh, and this number is expected to rise to 370 by July, and further to 500–600 stores by the end of the current fiscal year, Nambiar said.

The company’s offline and hybrid store count is projected to exceed 1,100 by FY’26, while the number of ‘dark’ outlets will also grow from the existing 40 to 100 by then.

‘Dark’ stores only cater to online orders.

Most of the expansion will take place in smaller towns, and during the current fiscal, Jharkhand and Odisha will be added to its footprint, Nambiar said.

More Retail currently has a strong presence in South India, West Bengal, Punjab, Haryana, and the NCR, having exited from Delhi city and Mumbai.

Meanwhile, Nambair said West Bengal is a key market and the company is the largest in West Bengal in terms of the number of stores.

The company has 109 stores in Bengal and will add 90 outlets in the next two years.

News Credits- THE HINDU

From Factory to Front Door: How Smart Supply Chains Power Business Success

May 12, 2025Featured, TechnologyAdmin

Seamless Supply chain is the backbone of the retail and ecommerce sectors. It is an interconnected system that links all the processes, entities, and resources involved in turning raw materials into finished goods and getting them into the hands of customers. This includes every phase—from sourcing and production to warehousing, logistics, and final delivery.

To ensure this complex system runs efficiently and effectively, businesses rely on efficient supply chain management [SCM], strategies, the process of overseeing the movement of goods, information and services involved in a product or service from the procurement of raw materials to delivering the final product to the customer.

For the supply chain process to run efficiently, the 4 P’s of supply chain- Planning, Procurement, Production and distribution are crucial.

Planning– This includes predicting demand, establishing production goals, and creating strategies for sourcing, manufacturing, and distribution.
Procurement– Obtaining raw materials, components, and other essential inputs from suppliers is a key part of the process.
Production- converting raw materials into finished goods constitutes a core aspect of manufacturing.
Distribution- Transportation and delivery of finished products to customers or retail partners are part of the distribution process.

A strong supply chain management strategy is vital in the retail and e-commerce sector, as it helps retailers enhance customer satisfaction while optimizing efficiency and reducing costs. A strong supply chain also benefits your company in several key ways, including Lower operational costs, enhanced customer satisfaction, stronger quality assurance, streamlined inventory processes, quicker delivery turnaround, and more effective internal communication.

The supply chain process differs for retail and e-commerce sectors, across geographies. The difference lies in how products are procured, handled and distributed to consumers. The retail sector relies on physical storefronts as the final point of sale, whereas e-commerce operates through online platforms and often emphasizes direct-to consumer or dropshipping models, which demand streamlined logistics and efficient order fulfilment.

For instance, Amazon and Reliance Retail Limited follow different supply chain strategies. Amazon operates on a global scale, managing a vast and diverse product range with a supply chain built for speed, reliability, and efficiency. It heavily leverages automation, robotics and advanced technologies across its logistics network to streamline operations and minimise costs. With a worldwide network of fulfilment centres and distribution hubs, Amazon ensures rapid delivery and high inventory availability across International markets. On the other hand, Reliance Retail Limited’s supply chain strategy, which is regionally focussed, prioritizes direct sourcing from local vendors. The company utilizes an extensive network of collection and processing centres to ensure the efficient distribution of goods to its retail outlets. By establishing a seamless end-to-end value chain for fresh produce, Reliance Retail leverages advanced technology to optimize inventory management and logistics. Furthermore, it strengthens its product offerings through strategic partnerships with both local and international suppliers.

We’ve gained insight into how the supply chain process differs between the retail and e-commerce sectors. Now let’s take a look at how it varies across different industries.

The supply chain processes in the manufacturing and pharmaceutical industries differ significantly due to the nature of the products and regulatory requirements. In manufacturing, the supply chain typically involves the sourcing of raw materials and components, followed by the production of finished goods through either discrete or process manufacturing. These products are then distributed to retailers, distributors, or end consumers, with systems in place to manage returns and recycling. On the other hand, the pharmaceutical supply chain is more complex and highly regulated. It begins with the procurement of raw materials such as active pharmaceutical ingredients [APIs] and excipients, followed by drug and vaccine production under strict Good Manufacturing Practice [GMP] standards. A critical component is the storage and warehousing stage, which often requires stringent environmental controls, including cold chain logistics for temperature – sensitive products. Distribution must ensure speed and traceability, delivering products to pharmacies, hospitals and healthcare providers. The pharmaceutical sector also emphasizes real-time product availability, efficient returns management, and redirection of supplies based on demand fluctuations. Unlike general manufacturing, the pharmaceutical supply chain is burdened with extensive regulatory compliance, including adherence to GDP and GCP standards, and requires robust quality control throughout to ensure patient safety. The need for specialized logistics and unwavering focus on quality and efficacy sets the pharmaceutical supply chain apart from standard manufacturing operations.

Inventory management is an essential part of the supply chain process. It involves planning, stocking, and managing inventory to maintain optimal stock levels, reduce costs, and effectively fulfill customer demand. Effective inventory management contributes to cost reduction, enhanced productivity, improved customer experience, increased profit margins, and greater resilience in the face of supply chain disruptions. Common inventory management strategies include Just-In-Time (JIT), Economic Order Quantity (EOQ), Materials Requirement Planning (MRP), and Days Sales of Inventory (DSI).

Fulfillment is the final step in the supply chain process. It involves receiving customer orders, processing them, and delivering the product or service. This is the stage where the product moves from the business to the customer. When the fulfilment process is executed well, it positively impacts the customer experience, reduces costs, increases efficiency, and serves as a key differentiator in a competitive market.

In Conclusion, a well-optimized supply chain is the backbone of both retail and e-commerce sectors, ensuring efficiency, customer satisfaction, and cost-effectiveness. Whether it’s Amazon’s global logistics network or Reliance Retail’s regionally-focused model, each business tailors its strategy to meet specific needs and demands. The importance of the 4 P’s—Planning, Procurement, Production, and Distribution—cannot be overstated, as they form the foundation of a seamless supply chain. As industries evolve, embracing advanced technology and adaptive strategies will be key in driving growth, maintaining quality, and responding to changing market dynamics with agility and precision.

Quick commerce, e-commerce firms steady the ship as India-Pakistan tensions ease

May 12, 2025Latest NewsAdmin

As the ceasefire stabilizes, e-commerce platforms have been navigating logistical challenges and a brief dip in demand, with operations returning to normal in several key regions.

Quick commerce and e-commerce platforms are reporting a return to normalcy after a brief but tense stand-off between India and Pakistan earlier this week, with operations stabilising across key regions and consumer demand beginning to recover, several industry stakeholders told Moneycontrol.

The three-day disruption, which began on May 7 following India’s strike on terror targets in Pakistan and Pakistan-occupied Kashmir, had prompted precautionary supply-chain adjustments and temporary caps on order quantities. However, with the ceasefire now in effect and holding, industry players say the impact, while real, remained short of being seriously disruptive.

“There was definitely a dip – about 20 percent over the last few days – as people shifted focus away from shopping. But it wasn’t long enough to cause serious disruption. Once news of the ceasefire came in, we saw demand start to normalise,” said a founder of a direct-to-consumer (D2C) brand who requested anonymity.

Earlier last week, Moneycontrol reported that e-commerce deliveries had been affected in parts of Jammu & Kashmir, Rajasthan, Gujarat, and nearby regions, as mobility restrictions and safety concerns led delivery partners to reassess operations. Companies like Delhivery issued formal statements confirming disruptions in select pin codes. However, the worst-case scenarios feared by some never came to pass.

For quick commerce platforms – operating on the promise of sub-20-minute delivery – the window of heightened tension was too brief to cause any major change in consumer behaviour.

“We thought there would be uptake as people could stock up. But three days were too small a window for us to see anything significant,” said a quick commerce executive.

Still, companies did implement temporary measures. Inventory caps were placed on essential items like flour and oil, limiting customers to one or two units per order in a bid to discourage panic buying.

Behind the scenes, dark store replenishment remained a challenge due to regional slowdowns. “We didn’t face major blockages, but vehicular movement was definitely slower in some areas, which meant replenishing inventory to dark stores took longer than usual,” said an e-commerce executive, who did not want to be named.

Smaller D2C brands – particularly those reliant on online sales and digital advertising – felt the tremors more acutely. Consumer attention drifted away from discretionary shopping during the escalation, impacting ad returns and complicating demand planning for inventory-heavy categories.

“The volatility made planning difficult. But it’s already looking better,” said a founder of a consumer goods startup.

While the episode caused some temporary turbulence, companies say it reinforced the need for flexible logistics planning and contingency protocols, especially for inventory-heavy categories and time-sensitive deliveries. Most players, however, view it as a brief operational blip rather than a full-blown crisis.

As the geopolitical situation settles, platforms are gradually lifting delivery restrictions and reinstating usual operations. With consumers resuming regular ordering patterns and supply chains stabilising, India’s digital commerce engine is humming once again – albeit with renewed appreciation for the value of operational resilience.

News Credits- Money Control

The Good Bug raises Rs 100 crore in funding round

May 12, 2025Latest NewsAdmin

Nutraceutical consumer startup The Good Bug has raised Rs 100 crore ($11.8 million) in new funding from Susquehanna Asia VC along with participation from existing investor Fireside Ventures.

The company will utilise the funds to expand its reach, hiring, research & development, and marketing.

Commenting on the funding, Keshav Biyani, co-founder of The Good Bug in a statement said, “This new capital infusion will be pivotal in accelerating our research and development efforts, driving groundbreaking innovations in gut health through rigorous R&D. Additionally, we will bolster our marketing and distribution strategies to enhance consumer awareness and expand our reach across India. Attracting top-tier talent across research, technology, science, and business will further strengthen our foundation.”

Bhavani Rana, investment advisor to Susquehanna Asia VC added, “What sets TGB apart is the strength of its leadership team and their exceptional ability to execute on their vision. With strong momentum and a clear strategy, the company is well positioned to capitalize on the macro tailwinds of India’s rapidly expanding nutraceuticals market.”

Founded in 2022 by Keshav Biyani and Prabhu Karthikeyan, The Good Bug offers wellness products across various categories.

Author Credits- Maverick Martins, FASHION NETWORK

JD Sports to debut in the Philippines via SSI Group

May 12, 2025Featured, Latest NewsAdmin

UK-based sports fashion retailer JD Sports is making its debut in the Philippines through a franchise agreement with retail operator SSI Group.

The brand’s first two stores will open in Metro Manila: SM Mall of Asia next month, followed by Glorietta in July.

Hilton Seskin, CEO of JD Sports Fashion Apac, said the move is part of the brand’s broader expansion strategy in Southeast Asia.

“This franchise agreement is a further milestone in our JD Brand First plan as we continue to bring JD’s distinctive offering to more customers globally,” said Seskin.

“We see a lot of energy in the marketplace and can’t wait to bring our best-in-class retail experience to the Philippine consumer.”

Founded in 1981, JD Sports operates across Europe, Asia, and other global markets. It is known for its curated footwear, apparel, and accessories selection from leading sportswear brands.

Established in the 1980s, SSI Group is one of the Philippines’ largest specialty retailer, with a portfolio of 94 brands and 593 stores across categories including luxury, fast fashion, beauty, and home.

Author Credits-Kaycee Enerva, Inside Retail

Skincare brand Aestura partners with Nykaa for India entry

May 12, 2025Featured, Latest NewsAdmin

Korean skincare brand Aestura has partnered with beauty retailer for its entry into the Indian market.

With this partnership, Aestura’s Atobarrier 365 line that includes foaming cleanser, hydro essence face cream, face lotion, and hydro soothing cream will be exclusively available on Nykaa.

Commenting on the launch, a Nykaa Spokesperson said “As K-Beauty continues to gain momentum in India, we are proud to bring another leading name from Korea exclusively to our platform. With its strong dermatological heritage and innovative formulations, Aestura offers a skincare solution that is both gentle and powerful, perfectly aligned with the evolving needs of our customers.”

An Aestura spokesperson added, “We are excited to bring our trusted formulations to India in partnership with Nykaa. This launch marks a new chapter in our journey to make high-performance, science-led skincare more accessible—empowering consumers to make informed, confident choices for their skin health.”

Aestura’s Atobarrier 365 line will be available for purchase on the Nykaa app, website and retail stores across India.

Author Credits- Maverick Martins, FASHION NETWORK

Primark is finally coming to UAE: 3 Dubai stores confirmed, so get ready to shop like a queen on a budget

May 9, 2025Featured, Latest NewsDubai stores, Primark, UAEAdmin

Happy news for UAE shoppers who love to get a good steal and on a budget

The UAE’s fashion scene got a lot more exciting. Calling all shoppers, Primark is officially coming to Dubai.

The beloved Irish retailer, known for its wallet-friendly fashion and homeware, has reportedly partnered with retail giant Alshaya Group to open three stores across the city by early 2026.

Shoppers can look forward to browsing racks of affordable basics, trendy pieces, and home essentials at Dubai Mall, Mall of the Emirates, and City Centre Mirdif—the first Primark locations in the UAE.

The announcement was made by Alshaya Group CEO John Hadden on Virgin Radio Dubai’s Kris Fade Show, where he confirmed that Primark’s famously low prices will be maintained in the UAE. That means jeans starting at just Dh50 and basic t-shirts priced at Dh15.

Before its Dubai debut, Primark will open its first Middle East store in Kuwait’s The Avenues Mall later in 2025, marking the brand’s regional entry point.

Founded in Dublin over 50 years ago, Primark has expanded to over 450 stores across Europe and the U.S. Its move into the UAE is a significant step in the brand’s global growth—and a major win for budget-conscious shoppers in the region.

Get ready, Dubai—fast fashion just got a lot more exciting.

Author Credits- Manjusha Radhakrishnan, GULF NEWS

DHL Group and Temu sign Memorandum of understanding to support local businesses

May 9, 2025Featured, Latest NewsDHL, memorandum of understanding, support local business, TemuAdmin

DHL Group, the world’s leading logistics company, has signed a Memorandum of Understanding (MoU) with the e-commerce marketplace Temu to deepen their cooperation and to further expand their successful partnership.

The agreement aims to enhance collaboration to better support local small and medium-sized enterprises (SMEs) in established markets as well as in growth markets, such as Eastern Europe and the Middle East.

Both parties are committed to fostering compliant trade and sustainable practices.

DHL Group will support Temu through its logistics expertise, including multimodal transportation solutions, to provide more efficient and sustainable supply chain services. With its dense network and global presence, DHL Group is the ideal partner to support Temu’s growth in both established and new markets.

“Through our various DHL divisions, we are already providing a wide range of logistics services and solutions, including air freight and last-mile delivery. We are excited to elevate our partnership with Temu to the next level. By combining our logistics capabilities with Temu’s innovative platform, we can create more efficient, compliant and convenient solutions that benefit both consumers and local businesses in the markets we serve,” states Katja Busch, CCO and head of DHL customer solutions & innovation.

As part of the Memorandum of Understanding, DHL Group will utilise its logistics expertise to support Temu’s operations in Europe, including its local-to-local model, which enables local merchandise partners to sell on its platform and supports local fulfillment.

Temu expects up to 80% of its total sales in Europe to come from this local-to-local model. Additionally, the e-commerce platform will enable European-based sellers to reach global markets in the future. This allows, in particular, SMEs to scale and expand their businesses. DHL will also assist Temu in growing its presence in e-commerce markets, including the Europe, Middle East, and Africa (EMEA) regions.

“This letter of intent marks a significant step in our partnership with DHL Group. Its extensive network and logistics capabilities will help support our mission to increase consumer access to affordable products and help increase growth opportunities for sellers,” states Qin Sun, co-founder of Temu.

News Credits- CAPE Business News