The amalgamation is expected to result in multiple benefits, including simplification of the group’s corporate structure, optimal utilisation and pooling of resources, improved administrative efficiency, financial synergies and overall cost reductions.
Business News
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Exporters supplying these brands from competing hubs such as Bangladesh and Vietnam said the agreement would help India level the playing field with its regional rivals, which have historically enjoyed tariff-free or preferential access to the EU market.
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On the BSE, shares of Indo Count Industries Ltd jumped 6.02%, while KPR Mill advanced 5.96%. Welspun Living rose 4.22%, Alok Industries gained 2.50%, Trident Ltd added 1.85% and Arvind ended 0.52% higher.
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Cava operates in an increasingly competitive athleisure segment, where it faces competition from brands such as Cult.fit, Boldfit and Bliss Club, although it remains significantly smaller in scale than several of its peers
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UBS said its pricing tracker showed that discounts across platforms had risen by 200–300 basis points on average compared with September levels, and had increased further in January relative to November.
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Retail
Nike Investigates Alleged Data Breach After Cybercrime Group Claims Access to Company Systems
The development comes amid heightened scrutiny of cybersecurity practices across the global apparel and retail industry. Under Armour, another US-based sportswear company, has recently been investigating a separate data breach.
