Aditya Birla Fashion & Retail Limited (ABFRL) has signed a long term licensing agreement with Authentic Brands Group (ABG), which grants ABFRL exclusive rights to distribute and sell Reebok products through wholesale, e-commerce and Reebok branded retail stores in India and other ASEAN countries. Key points to note – ABFRL has an existing relationship with … Read more
Consumer technologies brand boAt, owned by Imagine Marketing Pvt. Ltd, has carved a niche as a cool online wearable brand. The company has tied up with a clutch of celebrities, including Taapsee Pannu, Kiara Advani and Diljit Dosanjh, to promote its brand. “We talk to consumers in a language they understand. Millennials are very impatient, … Read more
A board decision has been taken to look for the best possibilities and parallely a wholly owned subsidiary to be created to provide a ready vehicle for restructuring. Key points to note – Bajaj Electrical (BE) is present in two segments Consumer Products (CP) – appliances, fans, consumer lighting Engineering Procurement and Construction (EPC) – … Read more
Nykaa, started as an online beauty retailing venture has plans to go aggressive on the offline ramp-up. It targets to reach 300 stores across 100 cities as against 84 stores across 40 cities currently. The Promoter CEO, Ms Falguni Nayar, however, declined to provide any specific timelines to achieve this target. It’s interesting that initially … Read more
It has been in the works for a while now and won’t come as a surprise but it looks like the Samsung Galaxy Note series of smartphones will soon fade into oblivion. Samsung didn’t launch a new Galaxy Note smartphone this year and officially confirmed it had no plans to do so and now a … Read more
It’s an important piece of news (Link to the original news article). As per the news article, JioMart has been increasing it’s distribution play to local retailers (also known as kirana, mom and pop stores) primarily based on the lower pricing. Given the bulk buying by Reliance, traditional distributors are unable to match the pricing … Read more
Whether you call it self realisation or market compulsions, Gautam Singhania (Chairman) announces what market wanted to hear – Raymond group will be reorganised in five core focus areas – textile, fmcg, real estate, education and engineering. All businesses will be managed by boards that will be made completely professional in the next 12 months. … Read more