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Reliance Retail buys 16.3% in Genesis Colors

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Reliance Retail Ventures Limited, a subsidiary of the Reliance Industries Limited, has purchased 16.31 percent equity holding in Genesis Colors Limited (GCL) for a consideration of Rs 34.80 crore. The stake purchase is in addition to 49.46 percent equity holding in GCL held by the Reliance Brands Limited.

The acquisitions will help the company to strengthen its footage in the retail industry and support its long-term strategy to enhance its value in the retail industry.

However, no regulatory approvals were required for the said acquisition of shares as these investments do not fall within related party transaction. None of the RIL’s promoter/group companies have interest in these entities, RIL said in its statement.

GCL’s annual turnover in FY 2017-18 is Rs 86.02 crore. The company reported a turnover of Rs 80.04 crore and Rs 114.16 crore in FY 2016-17 and FY 2015-16, respectively.

GCL was incorporated in November 1998 and is in the business of retailing and wholesale of branded readymade garments, bags, footwear, and accessories directly and through its subsidiary/joint ventures. This acquisition adds to the existing portfolio of branded fashion retail outlets.

Since its inception in 2006, Reliance Retail has grown to become India’s largest retailer delivering superior value to its customers, suppliers, and shareholders.

Mattel launches new theatrical film division

Mattel announced the creation of Mattel Films, a new division of the company focused on developing and producing motion pictures based on the company’s iconic and globally-recognized franchises.

Academy Award-nominated producer Robbie Brenner has been appointed to lead Mattel Films as Executive Producer, reporting to Ynon Kreiz, Mattel’s Chairman and CEO.

Robbie Brenner will oversee Mattel Films, developing motion pictures based on Mattel’s iconic franchises.

“Mattel is home to one of the world’s greatest portfolios of beloved franchises, and the creation of Mattel Films will allow us to unlock significant value across our IP,” said Ynon Kreiz.

According to Ynon, Robbie is a gifted storyteller and a highly respected filmmaker with deep relationships in entertainment. She is the perfect leader to bring our celebrated brands to life.

“Generations of children around the world have grown up with deep emotional connections to Mattel’s brands and characters. There are so many stories to be told and so many imaginations to be captured by these iconic brands, and I look forward to working with Ynon and his team to do so,” said Robbie Brenner.

Brenner was nominated for an Academy Award for Best Picture for Dallas Buyers Club, and her film Burden was a 2018 Sundance Film Festival Audience Award winner. She has held multiple leadership roles in the entertainment industry for the last two decades, including Partner and President of the film division at The Firm, as well as President of Production at Relativity Media. Brenner also ran the classics division at Davis Entertainment, and prior to this, she held Senior Vice President roles at both Twentieth Century Fox and Miramax.

Brenner oversaw the production of dozens of movies, including Academy Award-winning ‘The Fighter; the Snow-White Adaptation Mirror Mirror, starring Julia Roberts; the 3-D epic, Immortals; the highly successful Nicholas Sparks book adaptions Dear John and Safe Haven.

Brenner was also pivotal in the acquisition of the Sundance documentary Catfish, which became a cultural sensation, as well as Joseph Gordon-Levitt’s directorial debut, Don Jon.

In 2015, in recognition of her pioneering work, Brenner was invited to join the executive branch of the Academy of Motion Picture Arts and Sciences.

Mattel is a leading global children’s entertainment company that specializes in the design and production of quality toys and consumer products.

Rovio, Imagine Dragons launch special ‘Angry Birds’ match event

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Rovio Entertainment has partnered with the multi-platinum Grammy Award-winning band ‘Imagine Dragons’ to launch Angry Birds x Imagine Dragons, a free in-game event playable through September 25.

The event will benefit the Tyler Robinson Foundation (TRF), a non-profit organization dedicated to helping families cope financially and emotionally with pediatric cancer.

Imagine Dragons said, “The Tyler Robinson Foundation is a cause very close to our hearts. These kids and their families should never have to suffer financial despair when they’re already battling cancer together, and it’s an honor to help them out any way we can. We jumped at the chance to join with Angry Birds to bring more awareness and support to TRF and these kids.”

The in-game event features the Las Vegas Concert Arena, and three new characters with nine exclusive outfits, including rockstar gear and dragon wings.

Official synopsis of the game:

In “Angry Birds X Imagine Dragons,” adorable baby Angry Birds, aka the Hatchlings, need a hand as they get ready to rock out in support of TRF. Take part in special challenges, collect VIP passes, and help the Hatchlings set the stage for the biggest concert ever.

Kim Gradisher, Tyler Robinson Foundation Executive Director, said, “By using their considerable public platform and reach to draw awareness and encourage giving, Imagine Dragons and the creators of Angry Birds have helped to make a deep impact in the lives of TRF families. Every day, but particularly in September during childhood cancer awareness month, it’s so important to let these families know they do not face their battle alone.” 

“Angry Birds X Imagine Dragons” coincides with childhood cancer awareness month and is one of many initiatives TRF supports during September to expand its mission. The Angry Birds Match game will also be featured during the Foundation’s annual “Rise Up” charity gala, scheduled to take place on September 14 in Las Vegas.

Ville Heijari, CMO, Rovio Entertainment said, “It’s an honor to team up with Imagine Dragons to support all the good the Tyler Robinson Foundation does for children and families battling this life-threatening disease. It’s our hope Angry Birds Match will help raise awareness around the world about this very important mission and inspire fans everywhere to join the cause.”

Angry Birds Match is available free on iOS devices through the App Store and Android devices via Google Play.

Rovio Entertainment Corporation is a global entertainment company that creates, develops and publishes mobile games, which have been downloaded over 4 billion times.

Wayfair, Cosmopolitan launch new fashion-forward furniture collection

Wayfair Inc, one of the world’s largest online destinations for the home, announced a new collection of furniture and décor in partnership with Cosmopolitan, sold exclusively on Wayfair.

The partnership was brokered by IMG, Cosmopolitan’s exclusive global licensing representative.

The line called, CosmoLiving by Cosmopolitan, was designed with the small-space living and affordable price points in mind, which is ideal for young adults settling into their first apartments or homes who want a chic living space that’s an extension of their personalities.

“Part of Wayfair’s goal of offering everything for the home is to help shoppers discover unique pieces that are different than what they see elsewhere, so they can create a space that’s truly their own. Exclusive collections like this collaboration with Cosmopolitan extend beyond offering distinct furniture and décor; this partnership showcases an innovative shopping experience that makes it easy and fun for customers to find exactly what they want through stunning photos, detailed product reviews and more,” said Liza Lefkowski, head of brand, creative and curated experiences, Wayfair.

Offering dozens of unique and affordable products for the home ranging from sofas and armchairs to ottomans, area rugs, and nightstands, CosmoLiving draws inspiration from the latest runway styles and on-trend designs to ensure the collection is as beautiful as it is functional.

Manufacturing partners include Dorel Home, Rugs America, and Westport Linens.

“Cosmopolitan is a champion of chic modernity and femininity in every form, and with the release of this stylish new home collection, beautiful, functional and sophisticated design is at the heart of every piece allowing ‘Cosmo’ readers of all ages to express their living space as an extension of their personal wardrobe,” said Steve Ross, global chief licensing officer and head of brand development for Hearst Magazines.

The line features feminine statement pieces such as the emerald green velvet Liberty sleeper sectional; the sleek 3-piece Westwood dining set, an artful brass metal base with a tempered glass top, paired with two modern dining chairs; and the Merrick rectangular desk with its sturdy-base and brilliant white finish, accented by antique brass hardware.

Wayfair customers can also discover CosmoLiving area rugs that range in size, color, and pattern, including the Moroccan Tenzin, a magenta and orange tribal print described as “a killer zigzag pattern with various shades of pink and other hues uniting for maximum impact.”

As a part of the CosmoLiving launch, Wayfair customers and Cosmopolitan readers have a chance to win a room makeover with Wayfair featuring furniture and décor from the line.

First half of 2018 results: Lego’s revenue falls 5% to USD 2.21 billion

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The LEGO Group witnessed a 5% decline in revenue for the first half of fiscal 2018, to the tune of USD2.21 billion. Similarly, operating profit was down 4% to USD651 million, and net profit dropped 10% to USD465 million.

The LEGO Group CEO, Niels B Christiansen said, “Our plan for 2018 is to stabilize the business and invest to create growth in the longer-term. These results show we’re on track and we are encouraged by the early progress. They are due to strong execution by our market teams and compelling innovation, including the successful launches of new products such as the LEGO Creator Roller Coaster, the Jurassic World range and the LEGO Technic Bugatti Chiron.”

Performance in established markets was stable compared with the same period in 2017. In constant currency, revenue in western Europe grew low single digits, while revenue in North America declined slightly, in part due to the changes in the retail landscape. China continues to perform strongly, with revenue growing double-digits in the first six months of the year.

Global consumer sales stayed relatively steady, growing 1% in the first six months of fiscal 2018. Top performing themes for this period included LEGO Technic, LEGO Ninjago, LEGO Creator, and LEGO Classic. 2018 marks the 60th anniversary of the LEGO brick, as well as the 40th anniversary of LEGO’s mini-figures.

Operating profit in DKK terms was 4.2 billion compared with 4.4 billion in 2017, a decline of 4 percent, driven by the impact of the weaker US Dollar.

The LEGO Group continues to build a strong foundation for long-term growth, reinvesting savings from organization adjustments to product and experience innovation and channel development.

The company also continues to expand in strategic markets and will open two flagship stores in China in the coming year, one in Shanghai in September 2018 and a second in Beijing in early 2019. It will also continue to develop its partnership with Tencent, one of China’s largest internet service companies, and follow the successful launch of its video channel in May, with a games product in the second half of 2018.

Christiansen said, “LEGO play is about the endless possibilities of the brick, and that will always be our focus. But we also see an exciting potential to bring the brick to life in new ways through blending digital and physical play. For example, we recently launched LEGO DUPLO trains and a LEGO Batmobile which use an app to create new, fun ways to build and play.”

The LEGO Group remains committed to its ambition of reaching more children around the world.

Tetris brand expands UK licensing programme with Lisle Licensing

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As the Tetris brand prepares for its monumental 35th anniversary in 2019, the Tetris Company announced the expansion of its UK and Eire licensing programme with local agent Lisle Licensing.

Lisle Licensing is growing its licensing program for Tetris with new partners confirmed across games, apparel, publishing, footwear, and promotions.

“We have been really pleased with the ranges created for Tetris and the response so far from the UK market, and with further partnership discussions in progress, we are looking forward to more Tetris product creativity for fans in 2019,” said Gayle Goldsmith, Director of Lisle Licensing.

The range in merchandise includes the award-winning Tetris Dual tabletop game to a new brainteasing Puzzle Book which demonstrates the Tetris fan base’s appetite for the brand.

“From their market knowledge to their ongoing potential partners outreach, Lisle Licensing has been a great partner to work with and has achieved impressive results in expanding presence with award-winning products for the Tetris brand in the UK and Ireland,” said Maya Rogers, President and CEO of Blue Planet Software, sole agent for the Tetris brand.

The Tetris brand is one of the leading and most distinctive video game brands and franchises in the world. The Tetris brand’s global licensee network includes major video game publishers, including Electronic Arts, Ubisoft, Sega, and Sony/GSN Games, as well as many partners in electronics, toys, apparel, lifestyle goods, entertainment etc.

We can’t keep calm! Brie Larson’s Captain Marvel has finally landed

To all die-hard Marvel fans, Brie Larson’s Captain Marvel has finally landed! As revealed by the cover of the latest issue of Entertainment Weekly, viewers finally get the first official look of Marvel Cinematic Universe’s first female-led superhero Brie Larson in costume as Carol Danvers, a.k.a. Captain Marvel.

As per media reports, Captain Marvel will help earth’s mightiest heroes save the universe in Avengers 4, she has her own story to tell in Captain Marvel that releases March 2019.

Her call sign is “Photon” and she’s also a single mother to a young daughter, EW reported. EW also reveals that Danvers will already have her powers – the cause of which is her DNA fusing with that of a Kree’s during an accident – at the start of the film.

Check out some of her friends and foes (as revealed by Entertainment Weekly):

Images Courtesy: Entertainment Weekly

Co-directed by Anna Boden and Ryan Fleck (Mississippi Grind), Captain Marvel also stars Clark Gregg as Phil Coulson as well as Algenis Perez Soto, Rune Temte, Mckenna Grace, Robert Kazinsky, Annette Bening, Vik Sahay, Colin Ford, and Chuku Modu. Boden and Fleck worked on the script in addition to Meg LeFauve (Inside Out), Nicole Perlman (Guardians of the Galaxy), Geneva Robertson-Dworet (Tomb Raider), and Liz Flahive and Carly Mensch (GLOW).

Talking to EW, Larson was quoted as saying, “She can be aggressive, and she can have a temper, and she can be a little invasive and in your face. She’s also quick to jump to things, which makes her amazing in battle because she’s the first one out there and doesn’t always wait for orders.”

Captain Marvel is slated to hit theatres on March 8, 2019 worldwide. The character was teased in the post-credits scene of Avengers: Infinity War, and she will also be a part of Avengers 4 (untitled) in May 2019.

Countdown begins! DC Universe digital subscription will launch on Batman day

To celebrate Batman Day on September 15, DC Universe will launch a first-of-its-kind digital subscription service to fans across the United States, which operates primarily as a streaming and comic book delivery platform.

In addition, the debut date of the exclusive original series ‘Titans’ was announced as October 12, 2018, with episodes released weekly on DC Universe. The first season of Titans will consist of 12 episodes. Warner Bros. Television will host a world premiere screening of Titans on October 3 in conjunction with New York Comic Con.

DC Universe members will be able to watch the first two seasons of ‘Young Justice’ starting on September 15, and the debut of Young Justice: Outsiders will come in 2019.

In celebration of the countdown to launch, DC Universe is offering the ‘Ultimate Batman Studio Tour Sweepstakes’. DC is giving one lucky member the chance to win a one-of-a-kind experience for the ultimate Batman fan. The winner gets to visit Warner Bros., take the WB Studio Tour Hollywood, visit DC headquarters, ride in the Batmobile, walk away with an unbelievable prize package and more.

Comics that will premiere with DC Universe include the first appearances of Batman, Superman and Wonder Woman. Other comics will be available, including Batman: Gothic, The Authority series, Green Arrow: Year One, Shazam, The New Teen Titans, Identity Crisis, The Batman Adventures, Jack Kirby’s New Gods etc.

Justice League animated exclusive action figures will be unboxed and showcased along with exclusive tees and additional details.

DC Universe will also include the DC Daily new show, which will be co-hosted by Tiffany Smith. Other future co-hosts include John Barrowman, Samm Levine, Harley Quinn Smith, Sam Humphries and more.

DC Universe is a first-of-its-kind digital subscription service that gives fans access to exclusive content and experiences not available anywhere else. At USD 7.99 per month or USD 74.99 annually, membership includes all-new original live-action and animated series, classic TV series and films, a curated selection of digital comic books, breaking news, an expansive DC-centric encyclopedia, and access to exclusive merchandise.

Tommy x Lewis debut collection launched. See pics inside

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Tommy Hilfiger has unveiled the first autumn/winter 2018 collaboration with four-time Formula One World Champion, Lewis Hamilton.

The collaboration with Tommy Hilfiger hits the catwalk in Shanghai on September 4. The runway was filled with over 100 looks, presenting the Tommy Hilfiger and Tommy Icons autumn 2018 collections, as well as the much-anticipated debut of the Tommy x Lewis collaboration.

The Tommy x Lewis collection has been designed by Tommy Hilfiger in partnership with Lewis Hamilton. The line was designed taking inspiration from Hamilton’s tattoos, his luxury street style wardrobe and his lucky number 44.

The collection, features bold colours, sporty influences, heritage pieces and versatile shapes across everything from apparel and footwear to accessories, underwear and socks.

Besides, the capsule collection also features a unique logo that sees the brand’s iconic flag positioned between Lewis Hamilton’s initials in Old English Gothic typeset and Sky Captain colour, inspired by the font used for his personal body art.

Check out the collection here:

Pic Courtesy: Tommy Hilfiger

The partnership between Tommy Hilfiger and Hamilton is an extension of the designer brand being named the official apparel partner for Formula One world champions Mercedes-AMG Petronas Motorsport earlier this year.

As per the multi-year strategic partnership, Tommy Hilfiger logo will feature on the team’s race cars, as well as the brand supplying race and travel wear for the drivers, and factory, office and hospitality clothing for the whole team.

With prices starting at just £45, the collection is shoppable in more than 70 countries, Tommy Hilfiger stores and online, as well as from select wholesale partners and across social media.

Alcis Sports associates with Inspire Institute of Sport

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Alcis Sports, an Indian performance wear brand announced their partnership with Inspire Institute of Sport (IIS). As per the association, the company will exclusively provide its technologically advanced sportswear for all athletes of the institute.

The tie-up between the two entities means that IIS athletes will be able to train in apparel equipped with the latest garment technologies. Produced in India with the latest features such as Dry-Tech (moisture management), Soil Release, Anti-Odour, Anti-Static and Anti-UV, the products are specifically designed keeping the athletes training requirements and weather conditions in mind.

Roshan Baid, Managing Director, Alcis Sports said “Being a brand that is completely Indian, we feel privileged to be associated with Inspire Institute of Sport, as it kickstarts a movement to take India’s sporting talents to the next level. We are extremely proud to be able to do our bit for our young athletes through our expertise and technical know-how in high-quality apparel technology, as they strive to bring glory for the country in global sports events.”

The Inspire Institute of Sport (IIS) is India’s first privately-funded High-Performance Training Centre and was recently inaugurated in Vijayanagar, Karnataka. It offers talented young athletes full scholarships and access to world-class training, infrastructure, and sports science support to ensure they can get the support needed to succeed at the global stage. The institute will house 300 athletes at full strength across five Olympic disciplines of Boxing, Judo, Wrestling, Athletics and Swimming.

Rushdee Warley, CEO, Inspire Institute of Sport said, “The Inspire Institute of Sport was established with a vision to see the tricolour fly high at the global sports stage and we are thrilled to have a partner that is equally passionate about Indian sports. As a homegrown athletics wear brand, Alcis Sports understands the requirements of Indian athletes and we are looking forward to working with them to ensure our athletes get the best-suited apparel for their needs.”

Alcis Sports is a homegrown Indian sportswear brand which is at par with any international brand in terms of quality and also is in sync with Indian sensibilities. Alcis Sports prides itself for being the first Indian brand to have the capability and production ability to manufacture technologically advanced sportswear to enhance the performance of the wearer, bringing the best of style, comfort and cost; backed by great innovation and technology.

In the past, Alcis Sports has been the trusted kit partner for several high-profile sporting events and teams across sports such as cricket, football, kabaddi, running etc. The company has appointed celebrated Indian cricketer Shikhar Dhawan as the brand ambassador for the company.