Originally founded by Henkel in the 1970s, Creme 21 was acquired by a German businesswoman Antje J Willems Stickel in 2003, and then by Emami in January 2019. Key points to note – Emami had acquired Creme 21 for about Rs 100 crore. This is peanuts compared with what newer beauty brands are getting valued … Read more
The move was widely anticipated after Facebook had invested $6 bn into Jio’s platform unit early last year. Key points to note – Ordering is through “tap and chat” option. Delivery is free and there’s no minimum order value. Payment can be made either via JioMart or cash on delivery. Aim is to utilise the … 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
Harsh Mariwala founded Marico in 1987, turned it into an ₹8,000-crore FMCG company, and now, he says, he’s realised his dream of transforming it from a founder owned and led organisation to a professionally-managed one. His son, Rishabh who was part of operations very briefly earlier, will now be the trustee of the family-owned majority … Read more
Britannia has been an average performer over the last three years. As against a high of Rs 3,270 in August 2018, share is currently trading at Rs 3,686 i.e., a return of just 12.7% in more than 3 years. During the same period, FMCG index increased by 18% and nifty by 56%. Reason for Britannia’s … Read more
As per news reports, Britannia is in the process of creating a new position of CEO who will report to the MD, Varun Berry. Mandate is already supposed to have been given to the head hunters to look for a suitable candidate. The step definitely seems to be targeted towards smoother succession of Varun Berry … Read more
Global chief executive Alan Jope said the Indian business is emerging stronger from the pandemic but mobility and consumer sentiments remain below pre-pandemic levels. “We are emerging stronger from the pandemic with over 75% of the business winning market share and household penetration continuing to grow well. Mobility and consumer sentiments still remain below 2019 … Read more