BUSINESS
D2C brand Plum to launch 50 exclusive brand outlets in next two years
The clean beauty brand, which had a digital focus in its initial years, of late has been building its offline presence and now is launching its own stores.
BUSINESS
Sugar Free saw double-digit growth in the wake of Covid-19: Zydus Wellness
The Complan, Nycil, Nutralite and Glucon-D maker plans to push adoption of its sugar substitute Sugar Free by riding on the growing health consciousness among consumers.
BUSINESS
Wipro Consumer ups its game in the competitive deodorant segment
The company is relaunching Yardley deodorants as it seeks to grab a larger share of the fiercely competitive market.
BUSINESS
Q2 preview: Discretionary spending to make a comeback, retail back on track
Analysts are predicting a strong recovery in discretionary and retail categories on the back of pent-up demand and improved public mobility as COVID-19 restrictions ease. Inflation, however, will continue to play spoilsport in essential categories, analysts say.
BUSINESS
Levi’s goes ‘fashion-forward’ to tap millennials, Gen Z
Sanjeev Mohanty, managing director, South Asia, Middle East & North Africa, Levi’s, in an exclusive interaction talks to Moneycontrol about the company’s plans to onboard more millennial women and achieve equal representation of men and women in its sales.
BUSINESS
Fuel price surge adds to inflationary pressure for companies, consumers
Price of diesel has gone up by 23% since January 1, 2021 while that of petrol has gone up by 22%
BUSINESS
Clothes to become costlier as apparel makers mull price hikes
Saddled with high input costs on account of rising cotton prices, apparel makers plan to hike prices.
BUSINESS
China power shortage to benefit textile exporters but high cotton prices a dampener
After the imposition of sanctions on China’s textile hub Xinjiang by the US, the UK and the European Union, experts now indicate that a power shortage in the neighbouring country will further benefit India’s textile exporters.
BUSINESS
The Good Glamm Group acquires The Moms Co in Rs 500-crore deal
The direct-to-consumer brand MyGlamm had introduced The Good Glamm Group last week and announced its plans to acquire six brands in the beauty and personal care space before March.
BUSINESS
Future Retail terminates franchise agreement with 7-Eleven
Debt-ridden Future Group, which operates several modern trade store chains including BigBazaar, Foodhall and Nilgiris, has been embroiled in legal battles with e-commerce behemoth, which has delayed its deal with Reliance Retail.
BUSINESS
Meesho gears up for bigger e-commerce play, takes on Flipkart, Amazon in festive sales
Social commerce company Meesho, which pivoted to an e-commerce marketplace, is trying to grab a share of festive sales. Its first branded flagship sale event takes place along with those by behemoths Flipkart and Amazon.
BUSINESS
China power shortage may aggravate supply-chain challenges for India Inc
Auto and appliance makers dependent on China for sourcing components may have a tough time getting supplies as a power shortage in the country forces most manufacturing units to operate only two or three days a week.
BUSINESS
Discretionary categories see revival as spending intent grows: Deloitte Survey
According to Deloitte’s Global State of Consumer Tracker, with the ebbing of the second wave consumers are actively spending on non-essential categories such as alcohol, apparel, footwear, furnishings, etc.
BUSINESS
Lifestyle retailer Chumbak rejigs strategy to focus on home décor, furnishing segment
The recent move brings the company in competition with home furnishing retailer IKEA and other brands such as Shoppers Stop’s HomeStop, Home Centre and even online furniture retailers such as Urban Ladder and Pepperfry.
BUSINESS
'Buy Ruchi Soya, sit in samadhi’: Baba Ramdev’s stock tip lands him in trouble
In a video that went viral recently, the yoga guru could be seen telling his followers that by investing in Ruchi Soya stocks, they can rake in crores. SEBI has sought an explanation from the merchant bankers. The company’s FPO is set to be launched soon.
BUSINESS
Memes apart, the breakfast cereals market in India is still growing
A recently viral meme said that Kellogg’s resorted to selling traditional Indian fare such as upma, unable to make a success of its mainstay corn flakes. However, there are plenty of takers for cereals in the country and the category has doubled its growth rate in the wake of the pandemic, say industry experts.
BUSINESS
MyGlamm is now The Good Glamm Group; earmarks Rs 750 crore for acquisitions in beauty, personal care segment
MyGlamm, which has raised an additional Rs 255 crore as part of its Series C round, is targeting revenue of over Rs 1,800 crore by the end of FY22. It also plans to launch an IPO by 2023.
BUSINESS
Marico launches Chyawanprash to take on Dabur
The FMCG major had last year entered the Chyawanprash segment with the launch of Saffola Arogyam Chyawan Amrut Awaleha. However, it had limited success with the product despite ruffling feathers of the likes of Dabur.
BUSINESS
Reliance Retail ventures into online cosmetics business ahead of Nykaa’s IPO
Reliance Retail plans to launch an online marketplace as well as a chain of offline stores to sell personal care and cosmetics products, according to report in a business daily. The venture has the potential to disrupt the personal care and cosmetics products market, experts say.
BUSINESS
Traditional staples ragi, jowar go mainstream as consumers resolve to eat healthier
Food companies are scrambling to meet the growing demand for traditional staples and are launching ‘tastier’ snacks and cereals.
BUSINESS
Logistics companies ramp up hiring, expand capacity in run-up to festival season
E-commerce shipments could surge to 2 crore shipments a day during sales, says Alvarez & Marsal. In anticipation, logistics firms such as Ecom Express, Xpressbees and Shyplite have hired gig workers and launched fulfilment centres.
BUSINESS
Approaching festivals fail to end pandemic blues for Maharashtra shopping malls
Shopping malls in Maharashtra are not very optimistic of seeing a recovery during festive sales given the government restrictions on allowing fully vaccinated consumers inside their premises.
BUSINESS
Value fashion retailers expect sales during festive season to surpass pre-COVID levels
The first quarter of the financial year 2022 was a washout for retailers, however, with the ebbing of the second wave, the footfalls are back in the stores, they say.
BUSINESS
Spectre of food inflation will continue to haunt India in 2022: Suresh Narayanan, CMD, Nestle India
Prices of key commodities such as milk and coffee will surge further in 2022 as demand recovers while supply continues to suffer, says Suresh Narayanan, Chairman, and Managing Director, Nestle India.
