HUL announced on Friday the sale of its Annapurna and Captain Cook brands to Singapore-based Uma Global Foods for Rs 60.4 crore in order to leave the non-core atta and salt sector. It has reached an agreement to sell its atta and salt businesses, which operate under the trademarks ‘Annapurna’ and ‘Captain Cook,’ respectively, according […]
People’s attitudes around renting clothes are shifting, and the most crucial aspect is that the taboo of wearing a rental item is no longer there, said Anchal Saini, CEO- Flyrobe. “Over the last few years, a lot of little organisations or small players have come into small rental stores and launched new kinds of openings, […]
A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make India’s footwear and leather products export trade vulnerable, said Crisil Ratings. “Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them particularly vulnerable to a slowdown in these economies,” it said […]
Footwear major Bata India Limited on Tuesday announced results for the quarter ended 31 December 2022. The company posted Rs 83.19 crore in consolidated net profit in the Q3, up 14.86 per cent from Rs 72.32 crore in the same period last fiscal. Bata’s revenue from operations for the quarter stood at Rs 900.2 crore […]
Valentine’s Day is proving to be a growth driver for D2C companies with an increasing number of people flocking to D2C brands to buy gifts for their loved ones. On this note, Instamojo, the #D2CTech brand from India launched its #D2CTechLove Report to enable D2C brands to unravel and demystify the consumption potential around Valentine’s […]
Khadim India, a retail footwear brand, recorded a fall in consolidated net profit to Rs 4.82 crore in the third quarter ended December 31 this fiscal, compared to a profit of Rs 8.20 crore in the same period previous fiscal, according to a BSE filing. As per the regulatory filing, the company’s income from operations […]
A consumer can choose from a plethora of products in this age of consumerism. With e-commerce emerging as a strong option for shopping, prices offered by brands are competitive as well. Attracting a buyer is the key challenge and pricing is one of the weapons adopted to fight the competitive war. One might plan to […]
The fabrics from India’s northeastern region, which are known for their sustainability factor and are colourful and diverse in nature, are set to be showcased in the national capital yet again. The sixteenth edition of Celebrating North East, organized under the North East Institute of Fashion Technology (NEIFT) banner, will be held from February 17-19 […]
Bisleri International has been honoured across five categories at the CII Award for Food Safety 2022 to reward its commitment towards best-in-class food safety compliance at its plants. The four manufacturing units of Bisleri International have been awarded in five categories for the avant-grande infrastructure and best practices in food safety. The CII Award for […]
Akzo Nobel India reported a 16.22 per cent increase in consolidated net profit to Rs 97.4 crore in the third quarter ended December 2022, owing to margin management and operational savings. Akzo Nobel India reported a consolidated net profit of Rs 83.8 crore in the October-December quarter of the previous fiscal year in a regulatory […]
