Indo Count News Today

Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.

India Business News: MUMBAI: Indo Count, one of the largest bed linen manufacturers in the country, has acquired Wamsutta, a home fashion brand from NYSE-listed Beyond, th.

Wamsutta is a home fashion brand offering bed, bath and other home fashion products. The company acquired a 100 per cent stake in the 178-year old brand from NYSE-listed Beyond in a cash deal of USD 10.25 million (around Rs 86 crore), the filing said

This acquisition strengthens Indo Counts brand portfolio, and elevates its position in the premium market segment.

India holds a prominent position in the global home textiles trade. The surge in demand from the hospitality and residential sectors worldwide is a key driver for growth in home textiles.

Juniper Hotels, promoted by the Saraf Group and Hyatt Hotels Corporation, and backed by its positioning in the luxury hotel development segment is the largest owner of Hyatt-affiliated hotels, said Elara.

As part of this digital transformation journey, Accenture will work on standardising, optimising and re-engineering key business processes for Indo Count, , accenture, Digital Transformation, Indo Count Industries

The IT services company will design, develop, and deploy a digital core using SAP S/4HANA Cloud.

Accenture is collaborating with Indo Count Industries to enhance the home textile manufacturers business operations using digital technologies. This will help unlock efficiencies and new growth avenues, the release said but did not indicate the size of the contract.

Home textile exports had reported a double-digit decline in FY2023 and 4M FY2024 amid high raw material expenses, energy inflation and muted demand. An ICRA report is raising their hopes.