Business Of Brands

Sony, Apollo express interest in buying Paramount in $26 bn deal

Sony Pictures Entertainment and Apollo Global Management have shown formal interest in acquiring Paramount for around $26 billion. This development adds complexity to Paramount's ongoing negotiations with Skydance and Redbird Capital Partners. Paramount has been in talks with Skydance, led by David Ellison, for a possible merger and investment deal. The new joint expression of interest from Sony and Apollo proposes Sony as a significant majority shareholder and Apollo as a minority shareholder.

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Citroen Bets on ‘Basalt’ to Boost India Play

The Basalt will be produced in India and will also be exported to South American markets. Citroen’s sales in India fell to 8,367 units in FY24 from 9,062 units in the previous year.
Adani Wilmar food business should double for next 3-5 years: Angshu Mallick

Adani Wilmar expects improved margins in FY25 with a focus on oil meal products and distribution efficiency. Angshu Mallick foresees doubling the food business volume to two million tonnes in the next four years.
Shark Tank makeup brand faces the heat for launching jet black foundation

Youthforia faced social media backlash for limited foundation shades, particularly shade 600 criticized for being excessively dark. Critics emphasized the need for nuanced undertones and inclusivity in representing diverse skin tones.
Yoga pants inventor Lululemon Athletica plans to enter India

Lululemon Athletica plans to enter India independently, focusing on locations in Mumbai, Delhi, and Bangalore. The company, known for yoga pants, aims to tap into the country's growing demand for fitness and athleisure wear.
Estee Lauder tempers sales view despite US, China recovery

Estee also beat third-quarter results expectations, hinting at a recovery in demand for beauty and cosmetic products in the U.S. after a long bout of inflation had pressured sales of luxury items in the world's biggest economy. A pick-up in China and Asia travel retail demand after several quarters of weakness underscored customer willingness to splurge on "affordable luxuries" such as fragrances and make-up products.
CCI approves Airtel's buyout of Warburg Pincus affiliate's stake in DTH arm

In October 2023, the telecom company sought the competition watchdog’s approval for the transaction that also involved Lion Meadow Investment, an affiliate of Warburg Pincus, acquiring a stake in Bharti Airtel, one of the persons cited above said. The CCI approved the transaction recently, the person added.
Dabur Q4 Results: Net profit jumps 16% YoY to Rs 350 crore; revenue rises 5%

Dabur Q4 Results: The Board has recommended final dividend of Rs 2.75 per equity share for the financial year 2023-24.
Airbnb launches new global marketing strategy geared around experiences

The company's television ads were over 200% more effective in driving consumer engagement before the pandemic in 2019, according to the television data and analytics company EDO. Now, Airbnb is getting creative in how it plans to drive new customers to its platform as it focuses on re-branding.
Mars Cosmetics eyes doubling its revenue this fiscal

The brand is also planning to open 20 new kiosks in states like Rajasthan, UP, Gujarat, and West Bengal.
Infinix to go aggressive in 5G smartphones pureplay this year

India stands out as one of the most pivotal markets, driving significant investment for us. It (Indian mobile market) represents a new narrative today and being one of the largest smartphone markets globally, the market is crucial in our overall strategy, he said.
Dabur explains why rural demand for its brands is growing at a faster clip than urban

FMCG giant Dabur has revealed that it has been investing in expanding its rural footprint which has driven the demand for its brands better by nearly 400 bps than in urban areas, the company said in a media release on Thursday.