Brands
Shobitam acquires IsadoraLife
Mumbai: Shobitam has acquired IsadoraLife, a ready-to-wear saree brand. This move aims to make sarees more accessible globally and appeal to Gen Z. The partnership will address the challenges of draping sarees and broaden their appeal, positioning the saree as an essential item for wardrobes in India and internationally.
The acquisition combines Shobitam’s co-founder Aparna Thyagarajan, and IsadoraLife’s founder Neha Tandon Sharma. This collaboration will drive significant investments in the ready-to-wear saree market over the next two to three years. Shobitam will use its global network to boost demand for IsadoraLife’s products.
IsadoraLife’s workforce is entirely women, including over 45 artisans in Raipur, India, reflecting their commitment to diversity. The partnership aims to expand into new markets, enhance customer satisfaction by leveraging this expertise, and introduce easy-to-drape saree designs for Gen Z consumers.
Shobitam co-founder & chief product officer Aparna Thyagarajan said, “It’s gratifying to see sarees pickup momentum but we often hear about the challenge of draping. And, while it may seem trivial, this simple concern was making women back out from possessing this beautiful piece of attire. Our acquisition of IsadoraLife is aimed at bridging this gap and seeing more and more women globally embrace the elegant saree, showcase our timeless culture effortlessly and take pride in being part of the Saree Revolution. Together, Shobitam and IsadoraLife are poised to further strengthen ethnic fashion globally and pave the way for an upward growth trajectory in the fashion startup ecosystem in India.”
IsadoraLife founder & CEO Neha Tandon Sharma said, “I am excited about this new partnership with Shobitam and looking forward to seeing the growth and acceptance of Sarees like never before, both in the Indian market as well as the Global diaspora. Our partnership with Shobitam has come at the most opportune time when Indian fashion is going through an interesting transition phase with Sarees being seen as both traditional and contemporary wear. It is the epitome of clothing for Indian women and as seen at the Paris Olympics too by the Indian women contingent. Exciting times indeed!”
Brands
Dunkin’ Donuts to exit India as Jubilant FoodWorks ends 15-year franchise deal
The quick service restaurant giant is ending a 15-year franchise partnership with the American doughnut chain, even as it renews its Domino’s agreement for another 15 years
NOIDA: Dunkin’ is done in India. Jubilant FoodWorks Ltd, the country’s leading quick service restaurant operator, has decided not to renew its franchise agreement with the American coffee and doughnut chain, and will wind down its Indian stores in a phased manner before December 31, 2026, bringing a 15-year partnership to a quiet, loss-laden close.
The decision, approved by JFL’s board on March 30, 2026, ends a relationship that began with a Multiple Unit Development Franchise Agreement signed on February 24, 2011. JFL will now evaluate and undertake what it described in a regulatory filing as the “rationalisation and/or cessation of certain operations and/or sale, transfer or disposal of assets and/or assignment or transfer of franchise rights,” all in consultation with Dunkin’s brand owners and strictly within the terms of the original agreement.
The numbers tell the story bluntly. In the financial year 2024-25, Dunkin’ India posted a revenue of Rs 37 crore against a loss of Rs 19 crore — a haemorrhage that was always going to test the patience of a parent company recording revenues of Rs 6,104 crore and a profit of Rs 194 crore in the same period. Doughnuts, it turns out, were never going to move the needle.
The contrast with JFL’s handling of its other marquee franchise could hardly be sharper. Even as it walks away from Dunkin’, the company has just doubled down on Domino’s, signing a fresh Master Franchise Agreement on March 31, 2026, granting it exclusive rights to develop and operate Domino’s Pizza stores in India for 15 years, with an option to renew for a further 10.
JFL, incorporated in 1995 and promoted by the Bharatia family, operates a network of more than 3,500 stores across six markets — India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Its portfolio includes Domino’s and Popeyes on the global side, and two home-grown brands: Hong’s Kitchen and COFFY, a café brand in Turkey.
For Dunkin’, India was always a stretch. The brand never quite cracked the cultural code in a market where filter coffee and chai command fierce loyalty and where the doughnut remains, at best, an occasional indulgence rather than a daily habit. Fifteen years, mounting losses and a parent with better things to spend its capital on was always going to be a difficult equation to solve.
The doughnut has had its last day. The pizza, however, is staying.
