In a surprise move on Friday, Anglo-Dutch consumer products giant Unilever said it has cancelled plans to move from its current dual-headquartered structure to a Dutch head office and Dutch main stock exchange listing.
Harrods is clearly not suffering from the cloud hanging over many of its sector peers further down the price chain and like luxury rivals Selfridges and Harvey Nichols, luxury and tourist spending has sent profits up.
Beauty and haircare brand Garnier has turned to Bollywood to drive sales of its brand Garnier Color Naturals and signed three actresses,Taapsee Pannu; Angira Dhar; and Neha Sharma, as the new brand ambassadors.
Grocery startups BigBasket and Grofers are reported to be subject to a possible merger as the businesses’ respective investors look to team up to combat the threat from the Walmart-owned e-commerce giant, Flipkart.
The fast moving consumer goods business Marico is banking on new acquisitions to lead to growth in the premium space as it forays into the fast growing male grooming market as its core business slows down.
The fast moving consumer goods (FMCG) business Marico is targeting between eight and ten percent growth this fiscal year, as it continues to invest in beauty and personal care brands, as well as e-commerce.