MAM
Skill India partners with Coca-Cola India to launch the retailer skill development program
Mumbai: To empower the retailer community in the states of Odisha and Uttar
Pradesh, the National Skill Development Corporation (NSDC), working under the aegis of the Ministry of Skill Development & Entrepreneurship (MSDE) announced a partnership with Coca-Cola India today to launch the Super Power Retailer Program under the Skill India Mission. The program is being piloted in the state of Odisha.
The partnership was formally announced in the esteemed presence of the Union Minister for Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan; Ved Mani Tiwari, COO, NSDC; and Sanket Ray, president, Coca-Cola India & Southwest Asia.
The program facilitates the empowerment and progress of the retailers, marking a significant milestone in Skill India’s efforts to support the workforce. The initiative focuses on enabling retailers by focusing on building their capacity and capability in today’s modern retailing sector. It focuses on providing training to small and micro retailers, equipping them with the knowledge and skills needed to better understand consumer behaviours and their preferences. It aims to provide retailers with skills, tools and techniques that are required to succeed in the constantly changing retailer ecosystem and to spread knowledge of best practices, equipping traditional retailers with the right skill set necessary to make their business more profitable, as well as build their business skills.
The Super Power Retailer Program will offer industry-specific skills such as customer management, inventory and stock management, financial management etc. that are tailored to the professional needs of retailers, making the retailers proficient and enhancing their knowledge. As part of the program, the participants will undergo a 14-hour training which will comprise of two hours of classroom session and 12 hours of digital training. The training will include physical classroom sessions along with an app-based Learning Management System (LMS) that is accessible on mobile and handheld devices for online modules. The modules will be hosted on Skill India Digital’s platform (SID) and the training will be executed through a multimedia approach with a blend of videos, and texts, by experienced trainers facilitating learning. The participants will receive a certificate upon completion of classroom, online training, and assessment modules.
Under the partnership, NSDC will support Coca-Cola India in expanding the program’s outreach on SID. This involves creating and refining training content that aligns with industry-specific skill requirements. Additionally, NSDC will facilitate the recruitment of trainers for program implementation and ensure a seamless learning experience by providing the requisite training infrastructure.
Shri Dharmendra Pradhan, Hon’ble Union Minister for Education and Skill Development & Entrepreneurship, said, “As the auspicious celebrations of Durga Puja begin today, we launch the Super Power Retailer program in partnership with Coca-Cola India to empower our retailers and provide training to them on expanding their businesses and enhancing consumer experiences. I am confident that the initiative will play a pivotal role in strengthening India’s economy by skilling, reskilling, and upskilling the retailers by paving the way for their growth. I congratulate all the successful self-reliant retailers who have been awarded today.”
“Aligned with the Hon’ble Prime Minister, Shri Narendra Modi’s vision of making our workforce the biggest beneficiary of developed India, the program aims to provide 14 hours of quality retail training through the Skill India Digital Portal. The retailers will be trained on how to plan and implement business strategies and utilise the vast opportunities extended by digital platforms. The training modules will be available in multiple languages which will enable small shopkeepers as well as big businessmen across the country. We acknowledge this effort to enable a retail ecosystem that will exceed customer expectations, embrace the Future of Work, and provide exponential growth to the industry.” He added.
Reflecting on this milestone, Ved Mani Tiwari, COO, NSDC said, “A transformative revolution is underway within India’s skill development ecosystem, driven by an unwavering commitment to empower the country’s youth and its ambitious workforce through skill acquisition, enhancement, and adaptation. With Coca-Cola India aligning its efforts with Skill India Digital, I believe that both our aspiring and established retailers will receive top-notch training to strengthen their capacity and capability. Guided by the Hon’ble Minister’s leadership, the introduction of the Academic Bank of Credit, a digital repository of prior learning experience will further empower our nation’s youth. I encourage corporations to collaborate with Skill India Digital to position India as the global Skill Hub.”
Coca-Cola India & Southwest Asia, president Sanket Ray said, “At Coca-Cola India, we strive to create value for the retailer ecosystem which is an integral part of the business value chain. In the evolving consumer landscape, equipping retailers with key entrepreneurial and digital skills enhances their relevance for today’s consumers and enables them to be future-ready. We applaud the efforts of the Skill India Mission that fosters innovation and provides industry-specific skills which are accessible to all.”
By collaborating and aligning efforts, the Government of India and industry stakeholders can shape a skilling ecosystem that drives excellence and economic growth.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
