The early start of end-of-season sales and events like Valentine's Day drove heightened sales volumes, while high-income urban consumers favoured luxury makeup and fragrances for social and professional engagements, further boosting top-line growth.
While Carlsberg grew its market share in China and increased volumes by 5%, the overall beer market in the country was flat as consumer spending remained subdued, Carlsberg CEO Jacob Aarup-Andersen said.
Mercedes-Benz CEO Källenius rejects Apple's CarPlay for a holistic experience, opting to work with Google for navigation. The company prioritizes in-house control and offers Apple CarPlay and Android Auto for customer choice.
A spokesperson for Google told the news portal that to prepare for opportunities ahead, the tech giant has made changes to its teams through the second half of 2023 and into 2024 to be more efficient. "We’re simplifying our structures to give employees more opportunity to work on our most innovative and important advances and our biggest company priorities, while reducing bureaucracy and layers," the person is quoted as saying.
Known for cheap own-brand clothing and accessories, Shein is moving into other categories and has given brands and retailers access to its platform in nine European countries so far, having done so in the United States, Brazil, and Mexico last year.
Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it
Nestle India is also looking to increase its total touchpoints to 60 lakh across the country in the next 4-5 years, up from 51 lakh at present, Narayanan said while speaking to reporters here. "The future of consumer goods companies will rest on their capability to penetrate more households, with more products for more occasions and usage," he said, while stressing on the need to shore up volume.
HMD Global, known for Nokia phones, to launch first HMD branded smartphone in India. Recently released HMD Pulse series globally, teasing India launch. Features include Unisoc T606 chipset, 50MP camera, and 20W fast charging.
The brand has partnered with multi-brand retailers like Ogaan, Aza Fashions, and The White Crow to launch the brand in India and the products of the brand will also be available to its consumers through its website.
The world's biggest maker of memory chips and TVs said operating profit rose to 6.6 trillion won ($4.8 billion) in January-March, up from 640 billion won a year earlier. That was in line with Samsung's own estimate of 6.6 trillion won flagged earlier this month, its highest operating profit since the third quarter of 2022.
Malaysia, a majority-Muslim country, is a staunch supporter of the Palestinians, and some Western fast-food brands in the country, as in some other Muslim nations, have been targeted by boycott campaigns over Israel's military offensive in Gaza.
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