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Les Petits unveils Lapin House in India, redefining children’s fashion landscape

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Lapin House

In a festive celebration of Christmas, Les Petits, the luxury fashion brand for kids, has introduced Lapin House in India. The collection, exclusively available on the Les Petits platform, beautifully captures the spirit of the season, presenting whimsical fashion that makes a statement.

With a fusion of luxury, comfort, and dependability, Lapin House delves into the designer’s ingenuity with exclusive tartan, check, and floral prints, complemented by a range of stripes. The collection leaves a lasting impression, empowering parents to inject playful elements into their children’s wardrobes.

Showcasing subtle tones of pink and green alongside vibrant shades of red and maroon, the collection presents a diverse colour palette to complement the varied moods of the season. Meticulous attention to detail takes precedence as the brand adopts aesthetics in harmony with the latest trends. The intricately crafted pieces seamlessly blend classic appeal with contemporary trends, elevating the charm of haute couture. Encompassing every facet of children’s fashion, the garments are woven from the finest fabrics, emphasising sustainability and durability while embracing the latest fashion trends.

Swati Saraf, President, Les Petits said, “Winter is always considered to be a dull season. Parents generally struggle to find the right set of attire to ace the fashion of children while keeping them warm. To cater to the diverse needs of parents, we added Lapin House to our offering to amplify the charm of the children with the latest fashion. Disseminating a playful twist to the overall demeanor of the kids, the brand also exudes elegance for offering complete packaging to the kidswear fashion.”

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Zoca Diner opens in Karol Bagh, unleashing a fusion of flavours and vibrant ambiance

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Zoca Diner

Zoca Diner, well-known for its vegetarian delights, proudly opens its expansive outlet in the affluent district of Karol Bagh. Encompassing 1200 sq. ft. and catering to 60 patrons, the diner establishes itself as a culinary haven for food enthusiasts in search of an extraordinary dining experience.

The gastronomic scene in West Delhi is set to undergo a metamorphosis with Zoca Diner, showcasing a thoughtfully curated menu by the esteemed Chef Eashan Kaul. From the tempting Vegetable Flautas and Makhni Momos to the indulgent Creamy Pasta and inventive Blueberry Bubble Tea, Zoca Diner assures a varied culinary journey for a spectrum of palates.

Zoca Diner’s dedication to affordability, combined with Chef Eashan Kaul’s culinary proficiency, guarantees a harmonious blend of quality and cost. The diner’s welcoming ambiance, enhanced by live performances and captivating music, establishes it as the perfect setting for gatherings with family, friends, or colleagues. Through its fusion of culinary artistry and a convivial atmosphere, Zoca Diner aspires to be the favoured destination for relaxation and socialising in the heart of Karol Bagh.

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RBZ Jewellers prepares for market debut with modest listing gains expected

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RBZ Jewellers

Ahmedabad-based RBZ Jewellers is gearing up for its market debut on December 26. However, preliminary signals from the grey market hint at modest listing gains for the company, as the stock holds a premium of INR 5. This suggests a nominal 5 percent increase upon listing.

The firm’s initial public offering (IPO) attracted significant attention from investors, recording a subscription rate of 16.86. Retail investors displayed the highest enthusiasm, oversubscribing their allocated quota by 24.74 times. High net-worth individuals subscribed 9.27 times the reserved portion, while qualified institutional buyers opted for 13.43 times their allocated shares.

The firm’s initial public offering (IPO) attracted significant attention from investors, recording a subscription rate of 16.86. Retail investors displayed the highest enthusiasm, oversubscribing their allocated quota by 24.74 times. High net-worth individuals subscribed 9.27 times the reserved portion, while qualified institutional buyers opted for 13.43 times their allocated shares.

“We expect a decent listing for RBZ Jewellers’ issue. We anticipate the IPO to open at a premium of around 5 percent to the issue price of Rs 100 apiece,” said Prathamesh Masdekar, Research Analyst at StoxBox.

Masdekar emphasized the firm’s clientele in the wholesale sector, encompassing esteemed national, regional, and local family jewellers spanning 20 states and 72 cities in India. He commends the company’s distinctive approach in its business model, exercising full control over the entire value chain.

Furthermore, Masdekar advises investors who have been allotted shares to retain them with a medium to long-term perspective.

Nevertheless, apprehensions regarding the company’s limited disclosure to credit rating agencies such as Brickwork and CRISIL in recent years underscore governance issues. These concerns may have also impacted the demand the company experienced in the grey market.

Regarding financials, the company achieved a 55 percent year-on-year surge in net profit, reaching INR 22.33 crore for the fiscal year 2023, supported by robust operational performance.

During the corresponding period, the revenue reached INR 288 crore, marking a 14.2 percent increase from the preceding fiscal year. Simultaneously, the EBITDA experienced a significant rise, surging by 41 percent to INR 37.8 crore. The operating margin also saw a substantial expansion, increasing by 249 basis points on a yearly basis to 13.11 percent in the same period.

The net profit for the initial six months concluding in September of FY24 amounted to INR 12.09 crore, with revenue totaling INR 125.5 crore.

Narendra Solanki, the head of fundamental research at Anand Rathi Shares and Stock Brokers, is of the opinion that at the higher end of its price range, which is INR 95-100, the company is reasonably valued with a price-to-earnings (P/E) ratio of 17.9X and a market capitalization of INR 400 crore post its listing.

Nevertheless, amid existing concerns, Solanki also recommends that investors retain their allocated shares in the company based on their risk appetite.

The jewellery manufacturer intends to utilise the new funds primarily to meet working capital needs amounting to INR 80.75 crore. The residual funds will be allocated for general corporate purposes, not exceeding 25 percent of the gross proceeds.

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Kolkata restaurants boom as December sets new sales and footfall records

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Restaurant
(Representative Image)

This December, dining establishments along Park Street and throughout shopping malls in Kolkata have experienced a notable increase in visitor numbers, reaching its peak on Christmas Eve. As a considerable number of prominent restaurants have chosen to extend their operating hours on various nights this month, proprietors are expressing that this has proven to be their most successful December to date in both sales and footfall.

As per Sudesh Poddar, the National President of the Hotel and Restaurants Association of India (HRAI), there has been a rise of 8 to 10 percent in the sales of both food and liquor. In terms of value, the increase has been 15 percent, attributed to the escalation in prices of food and beverages over the past year.

“We have taken late closure since December 23. Liquor is being served till 1am while the restaurants remain open till 2am,” said Nitin Kothari, owner of Mocambo, Peter Cat and Peter Hu?, adding this was surely one of the best Decembers in recent years.

His dining establishments along Park Street have consistently been at full capacity for almost every day over the past three weeks. Kothari anticipates that this pattern is likely to persist.

“Interestingly, this time there is no slump period. We are witnessing packed house even at 4-4.30pm which used to be a bit dull,” he added.

Anjan Chatterjee, the chairman of Speciality Restaurants, which includes brands such as Mainland China, Asia Kitchen, Café Mezzuna, Haka, Hopi Pola, and Barishh, expresses satisfaction with the sales and footfall for this month.

“We had late closing time at all our restaurants. This was up to 2am for more liquor centric brands while for family brands it was 1am. I should say Kolkata is the top food destination now,” he added.

Charles Mantosh, proprietor of prominent restaurants such as Waldorf, Magnolia, and Floriana, is of the opinion that life on Park Street is exceptionally positive this year.

“Thanks to the state for a good Park Street festival, this year’s crowd is even more. Even at midnight, you could see 5,000 people here. All our restaurants had late closing. Not only for the post-Covid period, I feel this is one of the best Decembers ever,” he added.

Debaditya Chaudhury, managing director of Chowman, Oudh 1590 & Chapter 2, said, “We witnessed rising sales since December 20 and have also seen a rise in deliveries.”

Pradip Rozario, proprietor of KK’s Fusion, concurred. Moloy Dutta, a partner at Opium Bar & Restaurant, remarked that Sector V experienced a significant increase in footfall this year.

“Christmas Eve was really good. Thanks to the newly opened walking street,” he added.

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Finland’s Valio to enhance frozen product processing with €10 Million investment

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Valio

Food company Valio is currently underway with the construction of a new pre-processing facility at the former freezer storage of the Suonenjoki production plant. This substantial investment, surpassing €10 million, is geared towards enhancing the pre-processing of frozen berries, fruits, vegetables, and herbs within the plant. The objective is to elevate predictability in production and improve raw materials management. Anticipated to be operational in 2025, the new automated preprocessing facility is poised to significantly augment Valio’s production capabilities.

Construction of the new preprocessing facility at Valio’s Suonenjoki plant began in December 2023. The upgrade will expand the preprocessing area by several hundred square meters, and a new melting system for frozen products will be introduced to improve and facilitate the handling of frozen raw materials at the start of production. Importantly, the construction work will not impact the plant’s operations.

“The investment will also bring new technology to the plant, enabling it to raise the temperature of frozen raw materials from the -20°C during transport and storage to the product processing temperature of -2°C in a matter of a few minutes. Additionally, new automation will facilitate the handling of heavy, frozen raw materials. This will significantly increase the efficiency and speed of the plant’s production and bring flexibility to the manufacturing of products,” noted Suonenjoki Plant Manager Markku Ihasalo.

The robotics technology slated for integration into the new pretreatment facility is anticipated to bring about a notable reduction in physically strenuous tasks. Such advancements are expected to positively influence the well-being and work resilience of Valio employees.

Markku Ihasalo continues, “The growing pretreatment and production area and the upgraded process technology will allow us to develop and expand our plant’s operations. This is an important investment in the future of the Suonenjoki plant and also a vote of confidence in our work.”

The Suonenjoki plant of Valio stands as the largest jam facility in Finland, producing an extensive array of jams, marmalades, cream fillings, purees, and flavoured oils. Its production caters to both Valio’s own product line and supplies other food companies, including bakeries. The plant is involved in processing approximately 500 different raw materials, ranging from exotic fruits to Finnish berries.

The berries delivered to the Suonenjoki plant arrive frozen, and the fruit is typically prechopped or subjected to other forms of preprocessing. Once the raw materials are thawed after being melted, they undergo further preprocessing, such as pureeing, sieving, or chopping. Depending on the specific product, additional elements like flavorings or gelling agents may be introduced to the berry and fruit raw materials.

“For example, we make vanilla creams for bakeries, Valio AURA cheese filling for ready-made meatballs and butterscotch filling for doughnuts. We also make the berry, fruit, vegetable and herb preparations used to flavour all Valio’s yoghurts, fresh cheeses and quarks,” notes Markku Ihasalo.

The Suonenjoki plant has a workforce of approximately 100 individuals involved in various aspects, including product production processes, raw materials receiving and handling, and product development. The plant’s product development division introduces dozens of new and seasonal products annually, and custom development work is undertaken for bakeries and other clients. About 85% of the plant’s production is dedicated to Valio’s yoghurts, flavoured quarks, and other snacks. The majority of these products are distributed to Valio’s facilities in Riihimäki, Oulu, and Seinäjoki, while purees are supplied to Valio’s Pitäjänmäki juice plant. The remaining output is sold to food industry companies in Finland and overseas through Valio’s B2B and Food Service sales channels.

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Diageo launches Tequila Don Julio 1942 at Mumbai Airport’s duty-free store

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Tequila Don Julio 1942
Tequila Don Julio 1942

Diageo Global Travel has introduced Tequila Don Julio 1942 in India Travel Retail. Passengers journeying through Mumbai Airport can now experience Tequila Don Julio 1942 at a newly established luxury pop-up before embarking on their vacations, marking the initial opportunity for any spirit brand to offer tastings in an Indian airport.

Continue Exploring: Luxury tequila brand Don Julio makes its debut in India amidst growing trend of premiumization

Tequila Don Julio 1942 is offering passengers an opportunity to experience the rich, smooth taste of this exceptional liquid in Mumbai Airport’s Duty-Free Store until the end of January 2024. To launch the new campaign, Diageo Global Travel and Tequila Don Julio hosted a luxury event in Mumbai where guests enjoyed an exclusive live set from a range of local DJs, including Reena Barot and Shristy Sidar, enhancing the festive atmosphere for global customers.

Tequila Don Julio 1942 is bottled with an alcohol by volume (ABV) of 38 percent and is accessible at airports worldwide with a recommended retail price (RRP) of £178 for a 70cl bottle.

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Dunkin’ delights Lucknow with its first-ever store at Lulu Mall

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Dunkin'

Dunkin’, the renowned international coffee and bakery chain celebrated for its 100% premium Arabica coffee and delightful array of bakery items such as donuts and ready-to-eat snacks, has announced the opening of its first outlet in Lucknow.

Dunkin’ has a presence in over 13,500 locations across 50+ countries, seamlessly blending aspiration with accessibility. The brand is acknowledged for its vibrant orange branding, distinctive taste, and a laid-back atmosphere in its stores.

Dunkin’s success derives from its globally inspired menu, appealing to the young at heart. Recent additions, such as the Dunkachino range and the Christmas Pudding Donut, have further enhanced its offerings.

Dunkin’s latest store endeavours to transcend the typical coffee destination.

Enhancing the customer journey, the brand enriches experiences by creating engaging store environments, while also prioritizing convenience through delivery and takeaway services.

As the brand expands its presence in India, the Lucknow outlet at Lulu Mall represents another notable milestone in Dunkin’s Indian venture. It adds to the success of presenting a delightful fusion of global and regional culinary delights.

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IHCL elevates hospitality with Vivanta’s newest addition in Tawang, Arunachal Pradesh

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Vivanta Tawang

The Indian Hotels Company announced the opening of a new Vivanta hotel in Tawang, Arunachal Pradesh on Tuesday. The company stated that the hotel, positioned at an elevation of 10,000 feet, provides ‘panoramic views’ of the Tawang Valley and the Himalayas.

Puneet Chhatwal, Managing Director and Chief Executive Officer of IHCL, expressed that the introduction of the hotel reaffirms IHCL’s steadfast commitment to North East India. This underlines its pioneering efforts in showcasing emerging destinations on the global tourism map, including Shillong, Gangtok, and now Tawang.

“It will also serve as a platform to unveil the state’s unexplored beauty and distinctive cultural heritage,” he said.

Situated within ten acres of picturesque landscapes, IHCL stated that Vivanta Arunachal Pradesh, Tawang, offers a selection of banquet spaces, including the largest ballroom in the state, along with open-air lawns. Other recreational amenities encompass a temperature-controlled indoor swimming pool, a fitness centre, a spa, a play zone for children, and an amphitheatre for cultural events.

Sandeep Makroo, general manager, Vivanta Tawang, said, “Vivanta Arunachal Pradesh, Tawang, with its blend of modern luxury and local charm, beckons travellers to experience a ‘harmonious fusion’ of comfort and natural splendor.”

Tawang is famed for its enchanting landscapes, tumbling waterfalls, and the excitement of adventure sports.

With the inclusion of this hotel, IHCL will boast twelve hotels in the North East of India, with an additional five currently under development.

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Coca-Cola renews global partnership with ICC, securing exclusive non-alcoholic beverage rights until 2031

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Coca-Cola
Coca-Cola

Beverage giant Coca-Cola announced on Tuesday that it has extended its partnership with the International Cricket Council (ICC) for an eight-year period, covering ICC World events across all three formats, until the end of 2031.

This eight-year collaboration as a Global Partner of the ICC solidified the alliance as one of the longest-ever associations established by the ICC with a single brand. The duration spans a total of 13 years, from 2019 to 2031, according to the announcement.

“The partnership will see the Coca-Cola Company’s brands becoming exclusive non-alcoholic beverage partners. The agreement includes all men’s and women’s events at the pinnacle of the sport including the ICC Cricket World Cups, ICC T20 World Cups, and ICC Champions Trophies through to the end of 2031. During the course of the partnership, there will be both a major international men’s and women’s event every year as well as a World Test Championship Final every two years,” the company said in a statement.

ICC Chief Commercial Officer Anurag Dahiya said, “This long-term collaboration ushers in a new commercial era, filled with exciting prospects for the sport. With the Men’s T20 World Cup in the USA and West Indies, and the Women’s edition in Bangladesh just around the corner, we’re poised for unprecedented global growth and engagement. This partnership not only celebrates our sport’s expansion but also promises innovative opportunities to enhance our fans’ experience worldwide.”

During the recent ICC Men’s Cricket World Cup India 2023, Thums Up and Limca Sportz were the exclusive beverage and sports drink partners, initiating a variety of online and offline fan engagement activations. Adding to the mix, Sprite leveraged the tournament with its ‘Thand rakh’ campaign.

Bradford Ross, VP Global Sports and Entertainment Marketing & Partnerships at The Coca-Cola Company, stated, “In alignment with our rich history of global sports partnerships, the collaboration with ICC reinforces our commitment to refreshing sports fans and elevating their entertainment experiences. Sports holds immense power to unite people, and this partnership provides us with a unique opportunity to blend our brand affinity with the fervor for the world’s cricketing game. We endeavor to continue to delight consumers with our diverse portfolio and create unique experiences for fans.”

The beverage giant boasts an eight-decade-long affiliation with the Olympics. Moreover, it has been linked with FIFA and the T20 World Cup for more than four decades.

“The recent association of Thums Up with the Olympics and Paralympics in India is a testimony to the Company’s belief in sports and its enduring journey towards making a refreshing difference,” the statement added.

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OYO collaborates with Khelo India and others to support differently-abled talent across the country

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OYO
OYO (Representative Image)

OYO has collaborated with Khelo India Para Games, Divyang Kala Mela, Wheeling Happiness Foundation, and other organizations to offer specialized and accessible accommodation for differently-abled players throughout India, as stated in the company’s press release.

The multinational hospitality chain, in its official statement, has announced its commitment to supporting talent by providing wheelchair-friendly infrastructure, including ramps, wider doorways, and trained staff capable of understanding the requirements of differently-abled guests in its partner hotels.

“At OYO, we believe in creating a world where everyone feels welcome. Through its extensive network of hotels, OYO aims to create a more inclusive environment for all guests, ensuring that individuals with disabilities have access to comfortable and convenient accommodations across India,” said Varun Jain, Chief Operating Officer, OYO.

As part of its initiative to promote inclusivity for the differently-abled, the company has pledged to provide accommodation for approximately 150 artisans and entrepreneurs with disabilities participating in the ongoing Divya Kala Mela across India.

OYO has pinpointed over 200 hotels for these participants in various cities across India, including Bangalore, Chennai, and Patna.

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