Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Fast-moving consumer goods giant Emami has increased its product prices by 4% on average this fiscal year in a move designed to retain its profit margin and has launched rural expansion project ‘Khoj’ in Uttar Pradesh.
Natura & Co, the Brazil-based owner of The Body Shop, Avon and Aesop, said it saw another quarter of double-digit revenue growth in Q1, easily beating the wider global Cosmetics, Fragrance, and Toiletries market.
Godrej Consumer Products plans to increase its distribution footprint from 1.2 million to 1.5 million direct coverage outlets and expand indirect coverage from 6 million to 7 million in the coming two to three years.
From June 15 to 16, the International Beauty Salon Trade Show ‘Beasa’ will showcase a range of beauty products and forecast trends at the Gujarat University Convention and Exhibition Centre in Ahmedabad.