Sector: Consumers
V-Mart acquires Limeroad in distress sale. A worthy experiment.
Value merchandise retailer, V-Mart has announced acquisition of once fancied ecommerce start-up Limeroad on a slump sale basis. Total consideration is Rs 67 crore Rs 31 crore cash payout Rs 36 crore liabilities takeover Limeroad will operate as a separate business unit under V-Mart and will continue to be run by the existing key team … Read more
Voltas slips 8%, hits lowest level since January 2021 on demand concerns
Shares of Voltas hit a 52-week low of Rs 883.20 on the BSE as they slipped 8 per cent in Friday’s intra-day trade amid concerns that te July-September quarter (Q2FY23) may see subdued sales numbers due to low seasonal demand. With today’s intra-day decline, the stock has corrected 35 per cent from its 52-week high … Read more
Tatas are rumoured to target stake in Bisleri
As per newspaper reports, Tata group has offered to acquire stake in Bisleri. There is no information on the quantum of stake that Tatas have offered to acquire currently. However, as per the said report, Tatas are very keen on this business and eventually they want to scale their stake up. Given that Bisleri is … Read more
Kellogg’s Introduces ‘Just Add Water’ Portable Cereal
Kellogg’s said the product was inspired by demand for more portable options. Instabowls come in four varieties: Frosted Flakes, Froot Loops, Apple Jacks, and Raisin Bran Crunch. The products are available at select Walmart stores and retail for $1.98. Something is loading. Craving a bowl of Frosted Flakes but out of milk? Kellogg’s is here … Read more
Investor advisory firm recommends voting against key Paytm resolutions
One 97 Communications, the parent Company of Paytm is scheduled to hold it’s AGM on August 19, 2022. Ahead of the meeting, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has advised shareholders of One 97 to vote against some key proposed resolutions. Reappointment of Vijay Shekhar Sharma (VSS) as the MD – … Read more
Starbucks Is Changing Rewards: Web3 Updates
Starbucks CEO Howard Schultz said a new web3 initiative for rewards is coming. The changes will be revealed at Starbucks Investor Day in September. Other chains like McDonald’s, Wendy’s, and Chipotle have ventured into web3 via the metaverse. Something is loading. Starbucks is planning some changes to its iconic rewards program, the coffee chain announced … Read more
Raymond makes an important hiring
As was promised in November 2021, Raymond has taken an important step towards professionalising the management. It has appointed Atul Singh, former head of Coca-Cola India, as the Executive Vice Chairman. Atul worked with Coca-Cola for about two decades at several leadership positions and was last with them as Chairman, Asia Pacific. Prior to joining Coca-Cola, … Read more