Business

Raymond plans to sell ColorPlus and Park Avenue

Raymond is looking to sell its apparel retailing brands of ColorPlus and Park Avenue businesses, two persons familiar with the development said.Raymond has held talks with Denmark-based retail group Bestseller to sell the ColorPlus business, but the talks failed without a deal, they said.One of the persons quoted earlier said Raymond was seeking a valuation…

Published

3 years ago

March 31, 2022

Shrishti

Raymond plans to sell ColorPlus and Park Avenue

Raymond is having a gaze to sell its apparel retailing producers of ColorPlus and Park Avenue businesses, two participants acquainted with the vogue acknowledged.Raymond has held talks with Denmark-essentially essentially based retail community Bestseller to sell the ColorPlus enterprise, however the talks failed with out a deal, they acknowledged.Thought to be one of the participants quoted earlier acknowledged Raymond became in quest of a valuation of about ₹500 crore for ColorPlus and Bestseller became no longer sharp to shell out that considerable money for the enterprise that owns about 90 standalone retail outlets…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

2 years ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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