As the prices of Pop Mart toys have increased with the Beijing-based retailer’s global expansion, the Chinese customs authorities have repeatedly stopped suspected smugglers, reported China Daily. According to the report, the Chinese customs agents have intercepted and seized undeclared toys multiple times from passengers who reportedly seek to profit from resales. Also Read | … Read more
During it’s Q4 earnings call, the management has made aggressive business predictions. ABFRL will target a three-time revenue increase and a two-times margin expansion over the next five years. ABFRL includes brands like Pantaloons and Style Up; an ethnic wear portfolio comprising Jaypore, Tasva and TCNS brands, along with designer brands Shantnu & Nikhil, Tarun … Read more
The parent of Nestle India, Nestle SA has acquired a minority stake in Indian pet food brand ‘Drools‘. Founded in 2010, Drools distributes its products across over 40,000 retail outlets and exports to 22 countries. It operates six manufacturing units and has a warehousing footprint of 1.6 million sq. ft. Drools had raised $60 mn … Read more
Related to the group’s restructuring (ending family feud) in March, is the acquisition of Vadilal Brand from a promoter entity for Rs 1,000 cr. (The ‘Vadilal’ brand is a strategic element of the group’s restructuring plan that was arrived at after the fourth generation of the promoter family reached a truce in March. Three promoter … Read more
Tim Cook had said that Apple plans to source most US-market iPhones from India during the June quarter. (AI image) US President Donald Trump doesn’t want Apple to expand manufacturing in India, but will the Tim-Cook led tech giant listen? Apple reportedly remains committed to its investment strategy in India. Apple has plans to establish … Read more
Devyani has acquired 80.72% stake in Sky Gate Hospitality (SGH). Founded in 2015, SGH is the owner of popular brands including Biryani by Kilo, Goila Butter Chicken and The Bhojan Its two other brands – Get-A-Way and Krazy Kebab Co – will get disinvested over the next nine months. SGH operates 100 outlets in 40 … Read more