Bernard Arnault, Chairman and CEO of LVMH, has reshuffled top management at his luxury goods empire. Strengthening his family’s grip with the appointment of his daughter Delphine to lead Christian Dior and naming a new Louis Vuitton boss. Pietro Beccari, Dior’s CEO since 2018, will take over for long-time Louis Vuitton CEO Michael Burke. Both […]
BigBasket’s move into offline retail is intended to bridge the gap between offline and online experiences, as well as support its ambitious expansion plans amid rising competition in grocery retail, according to data and analytics firm GlobalData. The move comes at a time when consumers in India continue to prefer offline grocery stores. According to […]
Monte Carlo Fashions saw sales climb by approximately 12 per cent in the third quarter of FY23 and approximately 19 per cent in the nine months of FY23, according to the company’s regulatory filing on Wednesday. The company’s quarterly sales have been the strongest ever because of strong brand equity with customers, the newest fashion […]
Vaxfab Enterprises, a BSE listed Company, Agriculture & Textile Trading Company in India, reported Net sales of Rs. 202.88 Lakhs for the Third Quarter (Q3) ended in December, 2022, which is 7.5 times more than Net sales of Rs. 26.20 Lakhs for the Second Quarter (Q2) ended in September, 2022, according to the official statement. […]
Hindustan Unilever announced on Wednesday that it had completed the acquisition of a 51 per cent stake in Zywie Ventures for Rs 264.28 crore. Zywie Ventures, a wellness company, has been acquired by Hindustan Unilever. “Hindustan Unilever has completed the acquisition of 51 per cent of Zywie for a total consideration of Rs 264.28 crore […]
Adani Wilmar, said on Tuesday that sales would increase in the high single digits in the third quarter, owing to strong demand during the festive season and increased out-of-home consumption. According to a regulatory filing, the company’s standalone sales volume will grow in the high teens. The company said that price volatility in its mainstay […]
Flipkart reported a 33 per cent increase in demand for heating appliances in the October-December 2022 period compared to the same period a year ago. According to Flipkart, the demand for heating appliances has increased across the country, including in tier-2, 3 and beyond cities such as Arrah, Darbhanga, Delhi, Gaya, Ghaziabad, Lucknow, Muzaffarpur, and […]
Stellar Value Chain Solutions, a provider of consumer supply-chain solutions, announced on Tuesday that it will invest approximately Rs 200 crore to establish D2C (Direct-to-Consumer) fulfilment centres in six cities across the country by 2026. Stellar Value Chain Solutions said in a statement that these facilities will be located in key strategic locations across the […]
The Bombay High Court on Wednesday quashed and set aside the Maharashtra Food and Drug Administration (FDA) order that barred Johnson & Johnson from producing and selling its baby powder. A division bench of Justice Patel and Justice SG Dhige allowed the product’s sale, noting that there were 11-12 results in total. The FDA’s order […]
Bed Bath & Beyond’s fiscal third-quarter sales dropped 33 per cent as the home goods retailer strives to strike the right balance with its customers. Sales fell to USD 1.26 billion in the three months ended November 26 from USD 1.88 billion the previous year. Sales at stores that have been open at least a […]
