India’s consumer goods industry is losing steam as spending in the country’s rural heartland cools and small manufacturers lose competitive advantages in a slowing economy, market research firm Nielsen said on Thursday.
Personal care Nivea India Pvt Ltd, an affiliate of German Beiersdorf AG, is looking to tweak its strategy in the Indian market for growth and will be launching customised products to boost sales going forward.
Burberry’s Q1 Trading update was closely watched on Tuesday and it seemed to deliver, with rising sales and a positive consumer response to its Riccardo Tisci-designed collections, both at retail and in wholesale.
Bajaj Consumer Care witnessed a 9 percent rise in its net profit at Rs 57 crore ($8.3 million) for the first quarter ended June 30, 2019, as against a net profit of Rs 52 crore it had reported in the year-ago period.
Stella McCartney has signed a deal to partner with LVMH, the designer retaining majority ownership of her label but also about to enter a new era as part of the increasingly-sustainability-focused luxury group.
The singer and actress, who unveiled her brand-new Haus Laboratories cosmetics line earlier this week, has offered fans a sneak peek at what they can expect when the products officially go on sale in September.
The French luxury house has launched its fragrance and beauty offering on Chinese e-commerce platform Tmall, the first time that consumers in the country can purchase Chanel products online outside of its official site.
The multi-talented performer has revealed that she will be releasing her Haus Laboratories cosmetics line later this year, having signed an exclusive deal for its launch with global e-commerce giant Amazon.
The government’s Skills Development Minister Mahendra Nath Pandey sees India’s beauty and wellness industry as a large potential employment generator and believes it could reach a value of Rs 80,000 crore ($12 billion).