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Time of India
2 hours ago
- Time of India
Analysts pin HUL's revival hopes on CEO Priya Nair
Mumbai: Analysts expect Priya Nair , the first woman MD & CEO in Hindustan Unilever 's (HUL) history, to build her revival strategy around growth at India's biggest consumer goods maker, with the news of her appointment from next month boosting the stock by about 5% in D-Street's evident vote of trust in the incoming leadership. London-based Nair takes charge at a time when the FMCG major is facing slowing growth and intense competition from fast moving D2C brands and new-age players. Under the watch of the exiting leadership, sales barely climbed 2% while the stock slid around 10%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Semua yang Perlu Anda Ketahui Tentang Limfoma Limfoma Pelajari Undo The leadership transition, which would see the 92-year-old HUL get its first woman boss, comes as incumbent leader Rohit Jawa, who was appointed in June 2023, steps down after the shortest CEO tenure in the company's history - well before the expiry of his five-year term. Analysts are counting on Nair's track record of reviving beleaguered businesses at HUL. As Executive Director of Home Care from 2014 to 2020, she helped boost the segment's profit margins from 13.1% to 18.8%, which also pushed HUL's overall margins up from 15% to 22.3%. Sunny Agrawal, head of fundamental research at SBI Securities, believes that HUL's leadership change comes at a crucial time, as the company grapples with sluggish growth and rising competition. Live Events "When Varun Berry took over the reins from the earlier management at Britannia, that change brought fresh thinking and a new strategy, which drove the company into an extraordinary growth trajectory. Street is expecting a similar kind of acceleration in growth for HUL, post management change." The appointment of the 53-year-old industry veteran who has nearly three-decades of experience within HUL, comes at an important time as the company struggles with slow growth. "She has turned around the beauty and skincare segment, and I believe she will bring a lot of best practices, product innovation, and new products into this space, which is a high-margin area," said Siddarth Bhamre, head-institutional research, Asit C Mehta . Agencies Nair has nearly three decades of experience at HUL, with a strong track record across key categories and deep understanding of the Indian market. She previously served as Executive Director of Home Care (2014-2020) and Beauty & Wellbeing (2020-2022) at HUL, before moving into her current role as Unilever Group President of Beauty & Wellbeing. As ED of Beauty and Wellbeing from 2020 to 2022, Nair led a strategic shift toward premium segments, increasing HUL's portfolio focus on premium demand spaces to 26%, up from around 20% in 2020. This push for premiumization has become increasingly important as Indian consumers opt for higher-value products. Global brokerage houses are also seeing the change in leadership as a catalyst for HUL. The Japanese brokerage firm, Nomura believes that this leadership change will give HUL the necessary edge over its competitors, helping it tackle market challenges , speed up its digital transformation , and tap into the growing and long-term opportunities in India's consumer market.
Hypebeast
3 hours ago
- Hypebeast
Tropical Futures Institute & Eastern Margins Dive Into Asia's Digital Diaspora
Tropical Futures Institute(TFI), Chris Fussner's tropics-inspired label, has linked withEastern Marginsto produce a special capsule inspired by their overlapping focus on Asian underground culture and diasporic identity. Together, TFI and the London-based collective described as the 'home of Alternative Asian culture' propose a new aesthetic that draws from the realms of digital culture, Drain Gang, and tropical themes. The collaborators describe the collection as 'built for heat, 'born from the tropics,' and 'styled for the margins.' Comprising a pink baby tee, a cobranded bike jersey, a graphic t-shirt, an embroidered trucker cap, and a sarong, each piece encapsulates the visual language of DIY aesthetics and rave art throughout East and Southeast Asia. The sarong is a highlight, borrowing a common garb traditional to various tropical Asian cultures and using it as the canvas for the 'tropical drainer' design by Bea Cruz. Elsewhere, the bike jersey features an airbrushed retro floral illustration on the backside and bold typography on the front. TFI was founded by Chris Fussner in 2017 in response to what he saw as a lack of investigation surrounding contemporary culture in the tropics, particularly in the Philippines and wider Southeast Asia. In a recent statement, Fussner shared that TFI aims to represent diverse expressions across the tropics, 'bridging art, design, and research.' Some may be familiar with TFI's work withDenim Tears, which popularized the now ubiquitous 'LATE CAPITALISM' graphic emblazoned on caps and tees. First released at Dover Street Market Singapore, the collaboration is now available at theTFI web store. See the gallery above for a look at the campaign shot by Khristiandt Lerona.
NBC News
7 hours ago
- NBC News
Club World Cup tests U.S. readiness to host next year's mega-event
Two of the most famed soccer teams in the world will square off for the Club World Cup on Sunday, and it's happening in an unlikely location: New Jersey. The tournament final at MetLife Stadium between London-based Chelsea and Paris Saint-Germain sets the stage for the biggest sporting event in the world next summer. It's a high-stakes dress rehearsal that could mark the beginning of a watershed year for the sport in the United States. North America will host the FIFA World Cup next June and July for the first time since 1994 with the economic and logistical implications hard to overstate. A report from Pitch Marketing Group projects it to be the most lucrative sports tournament ever staged, with revenues for FIFA alone expected to top $10 billion. That's a bottom line boosted by an increased number of teams for the first time in the tournament's history from 32 to 48. For a big-ticket appetizer, enter this summer's Club World Cup — also hosted in major metro areas like New York, Miami and Los Angeles — which features top club teams like Manchester City and Real Madrid rather than national squads. The Club World Cup has quietly been around since 2000, but this year it expanded from seven to 32 teams in a major revamping that came with a jaw-dropping $1 billion in total prize money. Sunday's winner will take home up to $125 million. FIFA President Gianni Infantino says the 2025 Club World Cup is launching 'a new era of club [soccer],' one he hopes will supercharge a sport that, according to the latest Gallup poll, ranks fourth among Americans behind football, basketball and baseball. 'It was important to organize this new FIFA Club World Cup here in the U.S.' Infantino said Monday at Trump Tower in New York, where FIFA opened a new office. 'Our objective is to make soccer the No. 1 sport in America. And we'll put in whatever it takes to make that happen.' Fans at Tuesday's semifinal between Chelsea and Brazilian club Fluminense at MetLife Stadium in New Jersey expressed optimism in that vision. 'This is the first competitive club tournament in North America, and it brings atmosphere,' said Ben Doran, who grew up in England but now lives in New Jersey. His son Quinn sported a Chelsea jersey, while Dad wore the colors of his hometown team, Derby County. Others remarked on the energy the tournament has brought to the area. 'Today we were at Times Square seeing people cheering. It's amazing,' said Andre, a Fluminense fan who traveled with his family from Rio de Janeiro. But how much this tournament will reveal about the United States' readiness to host next year's main event, watched by billions, is the most important backstory of the competition. 'If you ask FIFA ... it's epic, it's incredible, and it's unprecedented,' said Adam Crafton, a soccer writer for The Athletic. 'I think the reality is probably more nuanced.' Crafton cited question marks over the attendance at Club World Cup group stage matches, the sustainability of broadcast contracts and a volatile weather pattern that parched players and spectators alike. He added, however, that 'most people would say it's been above expectations.' The average attendance of 35,000 for the group stage games, especially with many lower-profile clubs competing early in the tournament, was a strong sign. FIFA agreed, telling NBC News it has already totaled more than 2.3 million fans from 180 countries ahead of Sunday's final. 'It's definitely been a pleasant surprise to be at that number,' said Manolo Zubiria, chief tournament officer of the 2026 World Club. 'Those are the numbers we're projecting. So to have reached the 2 million mark I think only 10 days after we hit the 1 million mark ... it's been a really, really positive note for this tournament.' Attendance predictably rose as the tournament narrowed to the iconic global brands like PSG and Real Madrid. The two semifinals this week boasted 70,000 and 77,000 fans, respectively, nearly filling an NFL stadium to capacity. FIFA has also acknowledged the weather has proven a considerable obstacle at times in running the tournament. 'We knew the heat would be a factor for teams and for fans,' said Zubiria, who said FIFA was prepared with 'mitigation strategies.' He said players have cooling breaks during matches. Fans have had access to cooling stations and shaded areas. A father-and-son duo from Rio de Janeiro — who saw their beloved Fluminense play in Orlando, Florida; Charlotte, North Carolina; and New Jersey this summer — said the increased temperatures have been tough despite the added measures. Luis Lassance said his elderly father was hospitalized after he suffered heatstroke. 'It was too hot,' he said. 'I mean, it's hot the whole month, but Charlotte was especially hot for him.' Another issue that prompted conversation is the Trump administration's immigration policies and what impact, if any, they might have on a global tournament. Comments from the Department of Homeland Security before the Club World Cup raised concerns about how Immigration and Customs Enforcement officers would treat fans at games. Customs and Border Protection posted on social media that the organization 'will be suited and booted ready to provide security for the first round of games.' Thomas Kennedy of the Florida Immigrant Coalition told NBC South Florida that 'the messaging that CBP is using is a bit cryptic. It's sort of alluding that people should have their paperwork in order to attend the games. It creates an environment where people are less likely to come watch the games because of just sheer intimidation.' But this week a source at FIFA told NBC News that it has not been aware of any ICE activity at any of the matches. FIFA's new dynamic ticket pricing has been another divisive issue. Tickets for the semifinal between Chelsea and Fluminense were cut from $473.90 to $13.40 in the past week. 'Some people benefit,' Crafton said. 'Other people will probably feel very, very ripped off.' FIFA and the World Trade Organization collectively are forecasting a whopping $47 billion in impact on the U.S. economy from the two tournaments combined. The stage is also amplified by a surge in interest for the sport — an SBRnet survey last year shows American viewership of the top soccer leagues in the world has grown by 60% since 2018. Until now, those elite teams would come to America only to play noncompetitive exhibition matches. The privilege of seeing that level of competition was not lost on fifth grader Mohamed Berkouk, who moved to the United States from Algeria in 2019 and was excited to watch Tuesday's semifinal in New Jersey. 'In my country, you don't have big opportunities like this,' he said. 'It's just small teams that you just go and watch. But this is much bigger.' In midtown Manhattan, the managing partner of the Football Factory at Legends bar, Jack Keane, thought back on years of running soccer-focused bars and the outsized growth he has witnessed. He said American interest in soccer today is unrecognizable compared with the 1990s. 'In those days — and I don't exaggerate — 95 to 99% of people who watched would have been expats. ... Now it's such a mixture,' said Keane, who is from Ireland. 'I mean, every young American kid in his early 20s [today] has got a team.' Maybe some of that vibe will rub off on the youngest fans, too. 'In Rio de Janeiro, it's kind of in everybody's blood, because from a very small age you see all your parents and your uncles watching the games,' Catarina, 9, said outside MetLife.
