The supermarket chain’s focus on brick-and-mortar stores (at the cost of expanding its online presence) is akin to it living under a rock. But, there’s no indication of a change of heart anytime soon.
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Three board members have exited the beauty company, amid a severe cash crunch and an unraveling content-to-commerce narrative. New conversations suggest this billion-dollar story may have been all hype.
It is tough but not impossible to put a respectable end to a failed business. As creditors fight for their dues, Dunzo’s investors and management have a lot to answer for.
The firm that played a pivotal role in introducing the French hypermarket to the Arab world is having to course-correct in response to geopolitical concerns in the region.