Sector: Brands
VSS buying sizeable chunk from Antfin. Don’t jump.
Paytm has informed that it’s Founder MD & CEO, Vijay Shekhar Sharma (VSS) is acquiring 10.30% stake from Antfin. Stake is being acquired through a 100% foreign entity owned by VSS – Resilient Asset Management B.V. In lieu of the acquisition, Resilient is issuing Optionally Convertible Debentures (OCDs) to Antfin Post transaction – VSS’s shareholding … Read more
Barbie Doll Sales Are Booming Online, Shopify Says
“Barbie” the movie is on track to top $1 billion in box-office sales. The “Barbie effect” is also boosting Mattel’s direct-to-consumer sales of dolls, per Shopify. Shoppers are “voting with their wallets” for their favorite brands, even as they cut spending elsewhere, one exec said. The “Barbie effect” is in full swing. Two weeks after … Read more
Sheela Foam announces two strategic investments
1. 94.66% acquisition of established competitor mattress company ‘Kurlon‘ Cash consideration of Rs 2,035 cr implying a valuation of Rs 2,150 cr Transaction to be completed by November 30, 2023 Kurlon’s revenues: FY 2019-20: Rs 995.56 cr FY 2020-21: Rs 767.25 cr FY 2021-22: Rs 808.80 cr FY 2022-23: awaited EBITDA margins have declined from … Read more