BigBasket aims to scale up its private label business from its current percentage of overall revenue at 34 percent to 40 percent in the timeframe of a year. The business will have a focus on beauty as part of this.
The Global Ayurveda Summit is currently taking place in Kochi from November 21 to 23. The summit aims to help Ayurveda based brands and start-ups to overcome obstacles in the industry and foster growth.
Flipkart is working to regain stability following the departure of its co-founder and Flipkart Group CEO Binny Bansal. CEO Kalyan Krishnamurthy is reportedly negotiating a number of senior hires for the company.
A study conducted by the Confederation of Indian Industry (CII) has predicted that the Ayurvedic industry in India will reach a gross market size of $4.4 billion (Rs 29,272 crore) by the end of the calendar year.
The National Anti-profiteering Authority (NAA) has cleared the ethnic wear and lifestyle brand Fabindia of charges against Fabindia Overseas of not passing on Goods and Services Tax reduction benefits to customers.
French cosmetics firm L'Oréal on Monday said Chief Financial Officer Christian Mulliez was set to leave the firm next year for personal reasons and would be replaced by Christophe Babule, another company veteran.
RSH Global, a personal care company, has signed Bollywood actor Mouni Roy as its brand ambassador. The actor will endorse the 'Joy' brand and will soon be seen in their new marketing campaign ‘Beautiful by Nature’.
Delhi-based Mattlook Cosmetics has forayed into the Indian beauty and cosmetics industry with the launch of its new brand and is looking to tap the market by expanding aggressively across India in the next 12 months.
Acqua di Parma, which feted a new Christmas capsule this weekend, is expecting double digit growth this year. And next year too, as Italy’s most famous niche perfume brand continues its healthy global expansion.
Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.