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BigBasket, 1mg founders plan transition; QED's Morris flags credit tighteningHappy Friday! BigBasket and 1mg founders are preparing to step back from day-to-day roles. This and more in today's ETtech Morning Dispatch.- US Stocks: US food giant Sysco strikes $29 billion deal for catering supplier Restaurant Depot; shares drop 12%Sysco said on Monday it would buy catering supplier Jetro Restaurant Depot in a $29 billion deal, including debt, expanding the top U.S. f...
- Estee Lauder in talks to acquire Puig to create beauty giantEstee Lauder is reportedly in talks to acquire Spanish beauty and fashion house Puig Brands, a move that could create a cosmetics powerhous...
- Kevin Warsh, once inflation hawk, shifts stance as Trump eyes Fed rolePresident Trump is set to name Kevin Warsh as the new Federal Reserve chief. Warsh, a former Fed official, has shifted his views to support...
- Rising competition hits sales growth of global beauty majors in IndiaIn India, renowned beauty titans L'Oreal and Estee Lauder are facing an unexpected dip in sales growth. As the beauty landscape becomes inc...
- The biggest luxury deals in recent yearsLuxury giant Kering is selling its fragrance brand Creed to L'Oreal for 4 billion euros, marking a strategic shift. This follows Kering's 2...
- Indian cosmetics brand Colorbar eyes IPO in early 2027India's Colorbar Cosmetics is planning to go public in early 2027, after doubling its revenue this financial year by upgrading its designs,...
- Ghazal Alagh vs Hindustan Unilever: FMCG upstarts daring giantsIndia's FMCG sector is witnessing a surge in D2C brands challenging established giants like HUL, leading to market share competition, espec...
- Richard Parsons, prominent Black executive who led Time Warner and Citigroup, dies at 76Richard Parsons, a prominent Black executive and former head of Time Warner and Citigroup, has died at 76. Diagnosed with multiple myeloma ...
- India is where China was some years back: Nykaa Beauty CEO Anchit NayarFor the quarter ended March 31, FSN E-Commerce Ventures, which operates Nykaa, saw its net profit fell 72% year-on-year to Rs 2.3 crore imp...
- Estee Lauder nears $2.8 billion deal to buy Tom Ford: ReportEstee Lauder and Tom Ford did not immediately respond to Reuters requests for comment. Shares of Estee rose about 4% in afternoon trade. Ea...
- Taking the guesswork out of digital-enabled business growth
- ‘Lipstick index’ holds true for Indian marketWith big brands clocking double-digit growth rates, the colour cosmetics category has bucked the slowdown.
- Tata Communications leases 60,000 sq ft office space in BKC"The company has picked up the entire 15th floor in this 20-storey building through this deal for a total tenure of five years," said a per...
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