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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.