b

Bombay Dyeing draws strategy to revive retail business

The reinvention started more than a decade ago, soon after the company decided to exit textile manufacturing.




b

Bombay Dyeing to infuse new life into retail arm

PwC, Microsoft, KPMG & EY to help business turn profitable by next fiscal.




b

Parryware to supply bathroom products for Patanjali projects

As part of this association, "Parryware sanitaryware and faucets will be used for all Patanjali's upcoming projects across India," the company said in a statement.




b

Lacasa store concept will grow our business 2 times by 2020: Manish Bhatia, HSIL

We will be investing approximately Rs 2-3 crore each in setting up 10 Lacasa stores covering around 40,000-50,000 sq. ft. area till 2020.




b

Jaquar aims to make lighting Rs 1,000 cr business in 2-3 yrs

The capex for FY'18 is about Rs 300 crore to expand lighting and bathroom fitting plants




b

HSIL eyes Rs 700 crore sales from consumer biz in 4-5 years

The company is present in built-in kitchen appliances and claims to be the number three brand in the country.




b

Jaquar aims $1 bn turnover by 2022, to open 15 stores globally

The company, which aspires to be a global brand in the segment, is in the process of opening 15 exclusive brand showroom 'Jaquar world' across the globe.




b

Kajaria Group ropes in Anushka Sharma to promote Kerovit brand

The Group has launched a marketing campaign including digital, outdoor, television and cinema to promote the brand, the company said in a statement.




b

Ricoh India case: Sebi bans seven from mkt; orders forensic audit

Sebi shall also appoint an independent audit firm for conducting a detailed forensic audit of the books of accounts of Ricoh for the financial year 2012-13 onwards till date, the cost of which shall be borne by Ricoh.




b

Eyeing Rs 2k cr in revenue, Kurl-on says partnership with IKEA will prove beneficial

"Some part of Kurl-on's business did get cannibalized with the opening of IKEA's first store in Hyderabad, but it is not a cause of worry," Sudhakar Pai, Chairman and MD, Kurl-on says.




b

Sanjay Kalra appointed as President of HSIL's Bath Products Business

Kalra was earlier associated with HSIL as Senior Vice President – Sales. Prior to joining HSIL, Kalra has held leadership positions at Sintex Industries, Somany Ceramics, and Pidlite Industries.




b

Bed Bath and Beyond sinks as doubts around turnaround linger

Bed Bath and Beyond has been struggling to boost sales in the face of changing consumer preferences towards online furniture retailers such as Wayfair Inc.




b

Bed Bath & Beyond shakes up board amid investor pressure, co-founders step down

Shares of the New Jersey-based home furnishing retailer fell about 3 percent in mid-day trade.




b

Price hike by Chinese suppliers hits Indian companies

India imports 45% of completely built units of consumer durables from China and it also imports nearly 70% of the components for television, and other consumer durable products. The price increase by suppliers at a time when demand is drastically down has hit the sector hard, said the presentation by Ficci to the government.




b

Durables, electronic items to feature high on shoppers' list post lockdown: Croma

Products such as laptops, smartphones and printers have become crucial for those working from home, while household appliances like washing machines, ACs, TVs and vacuum cleaners are now more important than ever for households.




b

Millions of mobile phones, thousands of appliances pile up for repairing amidst lockdown: Industry

There are another more than 30,000 microwave ovens, AC and washing machines which needs repair at a time when Indians are locked indoors and doing household chores themselves due to the lockdown.




b

Covid-19 fear: Electronics brands Samsung, Apple let offline stores sell online

Samsung has created an ecommerce platform in partnership with Benow.in along with mobile phone retailers across the country that will allow them to sell and deliver smartphones. Offline stores are also being used to fulfil orders placed on Samsung’s e-store for television and appliances.




b

Top smartphone and electronic brands postpone production plans till lockdown ends

Several brands took the decision since both offline and online market is closed leading to piling up of inventory in their warehouses, and several of their plants falling in red zones or in states where permission has not yet been given. Some states like Tamil Nadu, Telangana and Karnataka have also decided to not provide any relaxation to industries till the lockdown ends.




b

Consumer durables Q4 earnings preview: Profits may fall up to 40% on erratic sales

Most consumer durables companies in India rely on imported components. Poor input supplies since January and later closure of factories, malls, shops and offices due to the lockdown hit consumer demand badly.




b

Samsung, LG bet on pre-booking offers to woo customers amid extended lockdown

Both LG and Samsung have opened bookings for various products on their websites for limited periods and are offering gifts of up to Rs 10,000 on pre-bookings made during the lockdown period. LG has opened pre-bookings till May 15 and Samsung by May 8.




b

Durables cos helplines, videos come to rescue

Brands including Godrej, Panasonic, Samsung are now extending video consultations and helplines to serve a fraction of the complaints that can be solved over guided videos or calls. The brands are reaching out to customers through social media or through remote assist helplines.




b

Stationery business on rise in Koramangala

The business of fine writing instruments is growing in tandem with other luxury segments in Koramangala and its surroundings.




b

Cardboard box makers shut shop due to lack of regulation, input cost hike

About a fourth of the corrugated box makers in the country are in danger of shutting down over the next few months as they are unable to pass on cost pressures to their clients.




b

Tolexo collaborates with Google to boost sales and bring down customer acquisition cost

With about a million products available on its website, Tolexo is among the largest B2B ecommerce sites in the country, serving 2.5 lakh businesses.




b

Ballarpur Industries in talks to sell Malaysian arm to China's Nine Dragons

India’s largest maker of writing & printing paper has been in talks with Nine Dragons for some time now. Discussions are likely to lead to a binding agreement soon, sources said.




b

Printing solutions co Printo buys rival Print Bazaar's parent firm

While the financial terms of the acquisition, which was completed last month, were not shared, sources privy to the developments said the deal valued Print Bazaar at Rs 8-10 crore.




b

Meet Ryan: A 7-year old boy who is the highest-paid YouTube star of 2018

The boy topped Forbes' list of "Highest-Paid YouTube Stars 2018" with an impressive earning of USD 22 million.




b

Reliance acquires British toy-maker Hamleys for undisclosed sum

Reliance Retail’s marquee label operator Reliance Brands is the India master franchisee for Hamleys, which reputedly has its origins in the world’s oldest toy store in London that was opened in 1881.




b

The man with all the toys: Why Mukesh Ambani bought Hamleys

With 167 stores across 18 countries, Hamleys gives Reliance Retail a much-needed global footprint.




b

Can Mukesh Ambani turn Hamleys into a titan or it'll just be a trophy buy?

Even with Reliance's considerable experience, turning a trophy into a titan isn’t a given.




b

Reliance Brands completes acquisition of Hamleys

Reliance Brands has completed acquisition of 100 per cent stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in United Kingdom for cash consideration of GBP 67.96 million, Reliance Industries said in a BSE filing Thursday.




b

AR educational toymaker PlayShifu lands $7M funding led by Chiratae, Inventus & Bharat Innovation Fund

The startup plans to use the funds raised to focus on building unique phygital interactions, new product developments and expand its retail presence from 15 countries to more than 30 countries




b

Reliance Brands to take Hamleys to US, Canada

Reliance Brands will take Hamleys toy stores to the US and Canada to capitalise on the vacuum created by liquidation of one the world’s largest toy store chain Toys R Us.




b

Toys 'R' Us makes comeback after teaming up with Target

More than two years after filing for bankruptcy, Toys 'R' Us has managed to make a comeback with the support of a competitor, just in time for the holiday season. The iconic toy brand has relaunched its website, shortly after US retail chain Target announced a partnership with the defunct brand's parent company Tru Kids Brands.




b

Hanung Toys promoter detained at airport following LOC issued by PNB

Hanung Toys and Textile Ltd owes Rs 2,300 crore from a consortium of 15 lenders led by state-owned PNB, which alone has exposure of Rs 599 crore.




b

Reliance Brands picks Sumeet Yadav to head Hamleys global

It has hired Sumeet Yadav, former CEO of South African restaurant chain Nando’s in India, to head Hamleys, according to two people aware of the development.




b

Karnataka Bank reports Rs 40.39cr fraud by Hanung Toys and Textiles

​​H​​anung Toys and Textiles Ltd (borrowing account) dealing with the bank since 2008 had availed various credit facilities under consortium arrangement wherein, Karnataka Bank was one of the member banks, it said in a regulatory filing.




b

200% import duty hike to hit toy business in India: Importers

The Centre, in the Union budget presented by Finance Minister Nirmala Sitharaman, has proposed raising the import duty on toys from 20 per cent to 60 per cent from the next fiscal, saying that the step would support the MSMEs and promote local manufacturing.




b

Toys association seeks rollback of customs duty hike

Imports account for almost 85 per cent of the total toys' demand in the country and only the remaining 15 per cent of the sale is met by the domestic manufacturers, according to the industry.




b

Myntra & Jabong partner Hamleys, Funskool and others

Myntra has launched toys from the stables of Hot wheels, Funskool, Lego, Barbie and Simba on its platform.




b

Fendi unveils world's first fragrance-infused handbags

'Leathery and musky' is how the brand describes it and claims that the scent will stay for as long as four years. Each bag comes with a complimentary miniature bottle of FendiFrenesia, which can be used to refresh the bag's scent and can be worn as a traditional perfume.




b

Bharti Realty talks to French chain Lafayette for 1st store

The company has also held discussions with Cupertino based tech giant Apple for what could be the iPhone maker’s second flagship store in the country to be located at Aerocity near IGI Airport, sources said.




b

Raf Simons joining Prada in full creative collaboration

Prada, who has been the creative force behind one of luxury's most successful brands for 30 years, said the new partnership did not signal an eventual succession.




b

Prada picks Bengaluru-based BigThinx for its fashion tech accelerator programme

BigThinx’s neural networks create a personalised 3D virtual avatar from 2D images for fashion brands and their customers.




b

JLo handbags will now be available online in India

Ace Turtle’s ecommerce platform, which facilitates crossborder payments, supply chain, returns and customer support will help Jennifer Lopez reach out to millions of internet shoppers in these markets.




b

Safilo sees negligible impact from coronavirus outbreak for now

China accounts for just around 1% of the group's total revenue and Italy for 5%, the CEO said. Safilo's factory in China reopened on Feb. 10 and it is now running at 85% of its capacity, and no big problems occurred at plants in Italy.




b

LVMH to make sanitising gel instead of perfumes, make-up at 3 factories in France, distribute it for free to hospitals

Twelve tons of the gel will be produced as soon as this week.




b

Top French fashion brands start making free masks

Dior, which is also owned by LVMH, the world's biggest luxury goods group, has been making masks since the end of last month for hospital staff.




b

Gucci sales hit hard by start of virus outbreak in China

At its star Gucci label, which powers most of its profits, like-for-like sales were down 23.2% in the period, contrasting with a less pronounced 13.8% drop-off at Kering's Saint Laurent brand.




b

Burberry to maintain employee pay through coronavirus crisis

While many UK companies have utilised the government's furlough scheme, which sees employees paid 80% of their salary, Burberry said it would not rely on government support for jobs in the UK where more than a third of its workers are based.