Latest news with #SharleenDsouza
&w=3840&q=100)
Business Standard
16-07-2025
- Business
- Business Standard
Prada executives visit Kolhapur to understand Kolhapuri chappal making
Luxury brand Prada's footwear team visits Maharashtra clusters amid backlash over Kolhapuri-inspired designs in Milan show; MACCIA explores potential collaboration Sharleen Dsouza Mumbai Italian luxury brand Prada's team of four executives from Italy visited Kolhapur in Maharashtra over Tuesday and Wednesday to understand the art of making the Kolhapuri chappal. The team included Paolo Tiveron, director of men's technical and production department – footwear division; Daniele Contu, pattern-making manager – footwear division; Andrea Pollastrelli, external consultant; and Roberto Pollastrelli, external consultant. They were part of the four-member team that visited Kolhapur for the two-day trip. Prior to the visit, Prada's team held an online meeting on July 11 with executives from the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA). The team visited four production clusters in and around Kolhapur where Kolhapuri chappals are traditionally made. These include Subhash Nagar, Jawahar Nagar, Kandalgaon, and Kagal village—home to a cluster of women artisans. This visit comes in the wake of controversy over Prada's Spring/Summer 2026 collection, which featured footwear strikingly similar to Kolhapuri chappals during Milan Fashion Week last month. The sandals, which closely resemble the traditional Kolhapuri chappal, are priced at around Rs 100,000. The fashion house faced backlash for failing to credit India as the inspiration behind the design. 'The team from Prada has been in India over the last two days to evaluate our production facilities where Kolhapuri chappals are made. While the standards at which Prada manufactures its footwear are very different from ours, they will return to Italy and submit a report on the visit,' said Lalit Gandhi, president of MACCIA, speaking to Business Standard. Gandhi added that, if all goes well, the Prada business team will visit Mumbai in August to decide how to take the proposal forward. In June, MACCIA wrote to Prada regarding the use of Kolhapuri chappals in its fashion show. In its response, Prada stated: 'We acknowledge that the sandals featured in the recent Prada Men's 2026 Fashion Show are inspired by traditional Indian handcrafted footwear with a centuries-old heritage. We deeply recognise the cultural significance of such Indian craftsmanship.' The letter further noted: 'We are committed to responsible design practices, fostering cultural engagement, and opening a dialogue for a meaningful exchange with local Indian artisan communities—as we have done in past collections—to ensure rightful recognition of their craft.' In a related development, the Bombay High Court on Wednesday dismissed a public interest litigation (PIL) filed against Prada for its alleged use of the Kolhapuri chappal design. The plea claimed that Kolhapuri chappals are protected under the Geographical Indications of Goods (Registration and Protection) Act.
&w=3840&q=100)
Business Standard
06-07-2025
- Business
- Business Standard
Mittal, Warburg Pincus eye majority stake in Haier India at steep discount
Haier's Chinese parent may offload 49% in Indian arm at ₹6,000 crore, far below its initial $2 bn ask; deal includes brand fees, staff equity, and a planned IPO within 2 years Sharleen Dsouza Dev Chatterjee Mumbai Listen to This Article Sunil Mittal's family office and US-based private equity major Warburg Pincus have submitted a bid to acquire a 49 per cent stake in Haier India at a sharply reduced valuation of ₹6,000 crore ($720 million), according to people familiar with the matter. The Chinese parent, Haier Group, had initially sought a valuation of around $2 billion (₹17,100 crore), but offers were significantly lower, said one of the persons, asking not to be named as the discussions are private. Haier is now weighing whether to proceed with the deal or wait for improved market conditions, the person added. As part of
&w=3840&q=100)
Business Standard
04-07-2025
- Business
- Business Standard
Results preview: Rising rural demand may reflect in FMCG firms' Q1 showing
Dabur, Marico and Godrej Consumer see improved trends; AWL flags muted demand Sharleen Dsouza Mumbai Listen to This Article Fast-moving consumer goods (FMCG) companies are seeing a sequential uptick in volumes and a continued recovery in rural demand, which they have told investors in their quarterly updates before their results. However, AWL Agri Business (formerly known as Adani Wilmar) has pointed out in its update that other than its strategic consolidation of rice operations, it has witnessed muted consumer demand in the quarter. In its update Dabur India said: 'During the quarter, the Indian FMCG sector witnessed a sequential recovery in demand with uptick in volume growth particularly in urban markets.'
&w=3840&q=100)
Business Standard
30-06-2025
- Business
- Business Standard
Near to medium term market conditions to improve: HUL's Nitin Paranjpe
HUL Chairman Nitin Paranjpe says easing inflation, tax relief and monsoon hopes will boost the economy; highlights AI, ONDC, and digital commerce at AGM Sharleen Dsouza Mumbai Listen to This Article Hindustan Unilever (HUL) expects to see an improvement in market conditions in the near and medium term, aided by several factors such as the agricultural sector, reduced inflation, and changes in taxation, Nitin Paranjpe, Chairman of HUL, told shareholders at its annual general meeting (AGM). Paranjpe said while answering shareholders' questions at the AGM, '(In) FY26, we do believe that in the near term and the medium term, we should see an improvement in market conditions because of several reasons: Macro conditions are getting better. The agricultural sector and produce have been better and also there's the expectation that this
&w=3840&q=100)
Business Standard
18-06-2025
- Business
- Business Standard
For Herman Jansen, India still a strategically-important emerging market
The company will focus on growing its European and South East Asian market, says Diederik Jansen Sharleen Dsouza Mumbai Listen to This Article Herman Jansen continues to see India as a strategically-important emerging market despite selling the global rights for Maison House and Savoy Club brands from UTO Asia to Allied Blenders and Distillers (ABD). Herman will focus on growing its European and South East Asian market, Diederik Jansen, chief executive officer and seventh-generation owner of Herman Jansen, which has been producing spirits since 1777, told Business Standard. Herman Jansen is a family-owned company from Schiedam, Holland. He said, 'We continue to see India as a strategically-important emerging market. We firmly believe that any successful presence must be anchored through a capable and
