Raise toast to ‘All things nice’ at The Taj Mahal Palace

Don’t miss out the fun with ‘All things nice – wine week’ at The Taj Mahal Palace. Wine connoisseurs and novices can experience the widest range of wines available at the Taj Mahal Palace.   This festival is an excellent opportunity for guests and wine lovers to interact and taste gourmet food along with a […]

H&M for Brick Lane Bikes brings sustainable cycling line

“H&M for Brick Lane Bikes brings together the fashion, function and heritage of cycling. Each piece has been designed so it can be worn on or off the bike, inspired by the vibrant colours and specialist knowledge which make Brick Lane Bikes so unique. It’s great that they’ve tested every single piece around the streets […]

Max launches ‘Runway by Max’ inspired by Miss India pageant

Max, India’s leading value fashion brand unveiled‘Runway by Max’ – their new line of high fashion for young women inspired by Miss India, at the Max store in Metropolis Mall today. The collection has been created specially by the Max design house to mark their collaboration with Miss India in its golden jubilee as the official fashion […]

After deep discount, value retail the new success mantra

Sanjay Lalbhai’s Megamart, an apparel company owned by Arvind has dropped its discount tag to focus on value retailing concept. This, after it witnessed a drop in profit margins owing to the excise duty imposed on branded garments in 2011 Union Budget. Moreover it also wanted to change peoples’ perception that discount stores sell old […]

Former Reebok execs’ police custody extended for 6 days

A Gurgaon court has extended the police remand of former Reebok MD Subhinder Singh Prem and former COO Vishnu Bhagat for six more days as the police wanted more time to investigate the case. The Gurgaon Police is planning to take the two accused to Mumbai and Ahmedabad to collect further evidence in the case […]

Reebok seeks more time from RoC to file accounts

In a new twist to the controversial Reebok India case, the sports wear maker has sought an extension of two months from the Registrar of Companies (RoC) to file its audited financial and accounting details for 2011-12. “Though usually the accounting is done for a period of 12 months (January-December in case of Reebok India), […]

Reebok India case: Corporate mismanagement led to scam

Agencies probing the alleged Rs 870 crore corporate fraud in the operation of Reebok India have detected a systemic “mismanagement” in the business planning and running of the company reportedly done by some of its officials and employees. Three different agencies — the I-T department under Finance Ministry, the Serious Fraud Investigation Office (SFIO) under […]

Police remand for former Reebok executives

Four former employees of Reebok India, including two top executives, who were arrested on Wednesday for allegedly cheating the company of Rs 870 crore, have been sent to police remand. The Gurgaon judicial magistrate has sent the accused — Reebok’s former managing director Subhinder Singh Prem, former COO Vishnu Bhagat, former head of warehousing Prashant […]

Reebok Franchisees protest at company’s doorstep

The tussle between a section of Reebok franchisees and German sports-goods maker Adidas took an ugly turn today, with about 100 people protesting at the gates of the company’s headquarters in Gurgaon. The franchisees from the National Capital Region (NCR) were protesting against the new terms proposed by the German sports goods major for operating […]

Adidas asks Reebok franchisees to accept new terms

Adidas, the German sports goods manufacturer that acquired Reebok globally in 2005 and merged operations in India in 2011, has strictly directed around 70 franchisees in Delhi-NCR to accept the new terms and conditions or close shops by August 31, 2012. Until now, Adidas operated franchisees under a minimum guarantee (MG) scheme, whereby the company […]