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  • Arvind signs Indian JV with PVH for Calvin Klein

    Arvind signs Indian JV with PVH for Calvin Klein

    NEW YORK and BANGALORE: PVH Corp. [NYSE: PVH], the owner of the Calvin Klein trademarks worldwide and Arvind Limited announced that Arvind Brands and Retail Limited, a subsidiary of Arvind Limited, has replaced PVH’s prior joint venture partners in Premium Garments Wholesale Trading Private Limited, the licensee of the Calvin Klein trademarks in India.  In connection with the transaction, Calvin Klein, Inc., a wholly owned subsidiary of PVH, entered into a new license with Premium Garments to distribute Calvin Klein Jeans apparel and accessories and Calvin Klein Underwear products in India.

     

    This new arrangement takes advantage of PVH’s control of the brand vision for these two Calvin Klein product categories resulting from its acquisition of The Warnaco Group, Inc. in February 2013 and Arvind’s operational expertise in the region, and is intended to maximize the market opportunities for these product categories throughout India.

     

    The joint venture will focus on the expansion and enhancement of the existing Calvin Klein Jeans apparel and accessories (including belts, bags, and small leather goods) and Calvin Klein Underwear (including sleepwear and loungewear) businesses.

     

    PVH and Arvind are also partners in a joint venture that licenses PVH’s Tommy Hilfiger brand in India.

     

    “By having Arvind – a true leader in the Indian apparel industry and established PVH business partner – join this venture, we believe we are well-positioned to execute against and expand upon the growth strategy for the Calvin Klein brand in India,” said Tom Murry, Chief Executive Officer of Calvin Klein, Inc.

     

    Mr. Sanjay Lalbhai, Chairman & Managing Director of Arvind Limited said, “Calvin Klein is one of the strongest fashion brands in the world and we are delighted to be JV partners with PVH for Calvin Klein in India. This relationship also strengthens our 20 years association with PVH, which started with the ARROW license and since has been extended to our joint venture with PVH for the Tommy Hilfiger business and the license for IZOD”.

     

     “Calvin Klein substantially strengthens our rich portfolio of brands, said J. Suresh, Managing Director and CEO, Arvind Lifestyle Brands Ltd. “By combining the strengths of the Calvin Klein brand and Arvind’s operational capabilities in the Indian market, we believe we can build Calvin Klein into India’s largest lifestyle brand over the next five years.”

  • Bajaao & Hard Rock café come together for artist management

    Bajaao & Hard Rock café come together for artist management

    MUMBAI: BAJAAO Music Pvt Ltd (BMPL), India’s first and leading online retailer of music instruments and theirevents division in BAJAAO Consulting and Events Pvt Ltd (BCEPL) today announcedtheir partnership with Hard Rock Café to curate artistes performing at various venues from across the country. Currently, Hard Rock Café is present in Mumbai, Bangalore, Chennai, Pune & Delhi, and Hyderabad which will in turn allow BAJAAO to service the crux of metropolitan cities across the country.

    Given the current state of the live music industry in India, which is experiencing young talent mushrooming in the country, BAJAAO Consulting and Events Pvt Ltd will have an opportunity to encourage a number of acts to center stage where this talent can continue their journey to higher levels in the music industry while they build a promising career.Hard Rock Café has been one of the first venues to consistently promote talent across the board in India & looks to strengthen its focus on the same.BAJAAO will be handling the artiste’s management for over 52 weeks i.e. approximately over a year for Hard Rock Café.

    Thanks to its deep roots in the Indian music scene the company has also expanded the events division to include and execute bigger, better musical events and partnerships, which include associations with Jack Daniels Rock Awards,International Jazz Festival, Ragasthan, Red Bull Tour Bus & brands like Superdry, Diesel, Converse etc.

     

    Speaking on the association,Ashutosh Pande, Founder-CEO, BAJAAO commented: “I look forward to unearthing amazing talent & providing them with the platform to perform. These young musicians are passionately driven with a burning desire to perform, and we would like to expose them to the industry as much as we can.Music is indispensable and will always be a part of our world. India is only now expanding its idea of live music by going beyond Bollywood and other classical forms.We are honored to work with one of the world’s most iconic brands for music& also to promote the abundant talent this country possesses.”

    Also commenting on the development,Mr.AkashSharma, Manager for Marketing & Events at Hard Rock Café said: “The BAJAAOteam has worked with innumerable talented musicians since their humble beginnings from the Jam room to the live sound company. This has provided them with a level of trust & insights in this industry which few possess. Hence we are looking forward to this association with them andfor some great music at Hard Rock Café.”

    BAJAAO has been encouraging young talent to be successful in the music industry for years.They have recently tied up with the prestigious True School of Musicas their gear partner powering any and all of their musical needs. The school is affiliated to the Manhattan School of Music in New York and the Academy of Contemporary Music in the UK. The firm is realizing its vision to be the one point source for all musical needs for musiciansacross the country.
    There is a constant rise in independent DJs, musicians, organisersetc which willsee this industry grow exponentially in the coming years. BAJAAO will continue to provide an opportunity for many to chase their passions inorder to set the stage for music in India.

     

  • PVR Director’s Rare romances with ‘Her’ this Valentine’s Day

    PVR Director’s Rare romances with ‘Her’ this Valentine’s Day

    NEW DELHI: PVR Cinemas, the largest cinema exhibition company in India releases ‘HER’ this Valentine’s Day under its Director’s Rare banner. The movie has been critically acclaimed with 5 Academy Award nominations including Best Picture. PVR Director’s Rare is the limited release arm of PVR Group and works as a spring board to support the theatrical release of critically acclaimed cinema from across the world and niche content.

    Under its banner, Director’s Rare now offers an eclectic mix of Indian Indies, international Indies, cult classics, short film packages and avant grade documentaries. Director Spike Jonze’s ‘HER’ releasing on 14th February in India is yet another movie which has been acclaimed universally, for its direction, screenplay, and exceptional performances exhibited by the actors.

    The film revolves around a man who becomes intrigued with a new, advanced operating system, which promises to be an intuitive entity in its own right, individual to each user. The movie depicts a state of pleasure in a unique way offering audiences fresh insights on romance.

     
    Sanjeev Kumar Bijli, Joint Managing Director, PVR said, “With the gradual shift towards appreciating content led movies, we feel extremely happy to bring this movie under our Director’s Rare banner. Over the years, our audience has evolved and enjoys watching movies like Moonrise Kingdom, Fire in the Blood, Amour, Fruitvale Station, Inside Llewyn Davis and more”.

    He further adds, “On this occasion of Valentine’s Day, PVR brings a “sweet, soulful and smart” movie, expressing human relationships in the era of modern times. We hope to entertainour audience with many such movies and are hopeful that our efforts to offer meaningful cinema are successful.”

    The movie display various shades of love, friendship, needs and desires phenomenally. ‘HER’ has been nominated for 5 Academy Awards including Best Picture and has also been the winner for the best screenplay at the recently held Golden Globe Awards.

    The movie will be released on 14th February’2014 across cities like Delhi & NCR, Mumbai, Chennai, Bangalore, Hyderabad, Ahmedabad and Goa.

    About Director’s Rare Film Banner: PVR Director’s Rare is the limited release arm of PVR Group and works as a spring board to support the theatrical release of critically acclaimed cinema from across the world and niche content.  Launched in October 2011 PVR Director’s Rare has been involved with the theatrical release of more than 50 films which includes an eclectic mix of Indian indies, international indies, cult classics, short film packages and avant grade documentaries. Upcoming line up includes Academy nominated Nebraska, August Osage County, The Butler, The Grandmaster, Nishtha Jain’s multiple award winning documentary Gulabi Gang etc.

    About PVR Limited: PVR is the largest and the most premium film entertainment company in India. It is listed as India’s Most Trusted and Most Attractive brand – The Brand Trust Report, 2013 in the Category of Entertainment and Display. PVR is currently amongst the top 10 cinema companies in the world with respect to the terms of admissions per screen, entering the World Economic Forum’s List of Fastest-Growing ‘Global Growth Companies’. The brand currently operates a cinema circuit comprising 417 screens in 96 cinemas in 40 cities in India.

    The company acquired the Cinemax properties in 2012 and currently serves 65 million patrons at PAN India level. From PVR’s Gold Class and Mainstream Cinemas to Director’s Cut, PVR has made exceptional technology like the IMAX® and the ECX (Enhanced Cinema Experience) accessible to its audience. PVR as a brand is known for cultivating and spreading international movie culture countrywide and supports independent filmmakers under the banner of ‘Directors Rare’.

    PVR Ltd, the integrated ‘film and retail brand’ has PVR Cinemas as its major subsidiary. Its other two subsidiaries are PVR Leisure and PVR Pictures. PVR Leisure focuses on rolling out F&B and retail entertainment concepts. It’s one of a kind venture, ‘PVR BluO’ is the largest bowling chain in India comprising of 135 cosmic bowling lanes which spreads across 6 centers. PVR Leisure’s first casual dining concept ‘Mistral’ is another venture that offers patrons a high quality experience. Adding to the portfolio, PVR Pictures has been a prolific distributor of non-studio/ independent international films in India for many years.

    For any further information, please refer to the enclosed ink http://www.pvrcinemas.com/corporate/about-us.aspx

     

    For any media query please contact:Avian Media Silky Chopra/ Kanika Berry / Chinmoyee Kalita
    9650303863/ 9810744517 / 9999874549

     

  • Razorfish-Neev establishes Hybris Centre of Excellence in Bangalore

    Razorfish-Neev establishes Hybris Centre of Excellence in Bangalore

    MUMBAI: Razorfish has launched a Centre of Excellence (COE) in Bangalore with strategic inputs from existing partners Hybris, the popular eCommerce platform.
    Razorfish will be leveraging their expertise in Content Management Systems, Cloud-based Solutions and Rich User Experience to deliver Hybris-based solutions. They are working on integrating Hybris with Adobe CQ, a popular content management system, to deploy Hybris on Virtual Private Clouds of Amazon Web Services. This will enable Razorfish to take full advantage of cloud scalability and security of dedicated hosting.

    Speaking on the occasion, Mr. Saurabh Chandra, CEO, Razorfish-Neev said, “Razorfish-Neev now has a dedicated Hybris Center of Excellence in Bangalore with a team of certified experts with a rich experience in Hybris commerce implementations. As part of our Hybris implementations, we have integrated Paypal payment gateways and have also created new Wizards for store administrators. This helps in creating rules in a live system and displays relevant content to the end users based on their activities with the store. Hybris is flexible, scalable and extremely reliable, and we are more than excited to take on new Hybris-based endeavors and enrich our competencies.”

    Razorfish will also be integrating Hybris with AngularJS to build virtual online stores having rich user experience. They are also working to build a fully customized marketplace on the Hybris platform similar to eBay. They would also be creating Hybris based Omni-Channel Commerce solution, where the user has a seamless interactive brand experience, be it in-store, on mobile devices or on the web.

    Kanika Mathur, Managing Director, Razorfish, India, said “Razorfish-Neev as an agency is deeply entrenched in creativity, technology and innovation. Our focus is to deliver solutions that solve real business problems for our clients.  In this respect Hybris Centre of Excellence will be providing us with the right mechanism to be able to deliver refined state of the art web, ecommerce, mobile and social solutions.”

    Razorfish is a Multi-Regional Gold partner of Hybris across APAC, the Americas, North America, South East Asia, Latin America, China and India. Built on Apache and Spring Source components, containers and servers, Hybris will provide a single technology stack solution that provides customizable eCommerce solutions along with product and web content management and order management modules.

    Engineered for scaling, Hybris boasts of supporting multi-channel experiences across a variety of languages and currencies with operations across the globe. It will serve all domains including B2B, B2C, and telecommunications. The Hybris will also provide the required framework for data intensive, performance heavy applications and high traffic requirements. Hybris has also been rated among the top enterprise suites for ecommerce solutions by Gartner and Forrester.

     

  • DDB Mudra releases Youth Report 2013

    DDB Mudra releases Youth Report 2013

    MUMBAI: DDB Mudra Group has released its maiden Youth Report themed on “Beauty Money Sex Love Faith Substance”, the six entities which most acutely influence the choices and aspirations of urban young Indians.

     

    “Our role has been to merely curate the content so as to ensure the insights are raw and relevant. We have further ensured the focus is on the core thought process that goes behind brand decisions which is more sustained so that the data can be of use to marketers while developing their communication” explains DDB Mudra Group chief operating officer Pratap Bose.

     

    The report, unlike any other, has been collated by a panel of 40 college students, who themselves are a part of the TG, across five major cities including Mumbai, New Delhi, Bangalore, Chennai and Kolkata.

     

    “This report also features our six mindset archetypes, a proprietary tool we use to cut through conventional SECs to better understand youth buying behavior given the diversity and continuous evolution of this TG,” adds the agency’s chief youth marketer Samyak Chakrabarty.

  • MEBC 2013: Human capital challenges of the radio industry post Phase III

    MEBC 2013: Human capital challenges of the radio industry post Phase III

    BENGALURU: The Digital March-Media and Entertainment in South India – Deloitte-FICCI released a report at the FICCI-MEBC 2013 in Bangalore.

     

    On the impact of Phase III of licensing on South India, the report says that 229 of the 839 frequencies being auctioned are in 83 cities of the four Southern states. Phase III is expected to result in 294 frequencies (existing plus planned) in South India alone. About 90 per cent of the cities for which frequencies will be auctioned belong to Tier 2 or Tier 3 categories.

     

    This would help radio expand its reach to the masses.

     

    Phase III auction of licenses of radio frequencies, is expected to generate substantial employment across the country. Thus, with the launch of new stations in 283 cities across the country, experts in the industry foresee demand for people proficient in regional languages for which regional dialect and diction training may also be required.

     

    The radio industry will face human capital challenges. The industry believes that the skill gaps are largely owing to a scarcity of educational institutes offering programs for radio. This in turn limits the sources for recruitment. This leaves the industry with either hiring graduates and training them in-house or relying on alternative sources of hiring e.g. walk-in-interviews, theatre etc. The issue is only expected to escalate once Phase III licenses are auctioned across India.Quoting industry sources, the report says that retention is never a challenge for key management / leadership team. It’s the support staff that is a challenge. Currently, the industry relies on on-the-job training to compensate for the lack of training courses.

     

    External trainers from abroad are also commissioned to train people on creative thinking skills and show conceptualisation. Trainers are often hired to train sound engineers and technicians. Resources are also trained in-house on handling radio transmission equipment and software.

  • MEBC 2013: Radio rocks in South India – Deloitte Report

    MEBC 2013: Radio rocks in South India – Deloitte Report

    BENGALURU: The Digital March-Media and Entertainment in South India, a Deloitte-FICCI report was released at FICCI-MEBC 2013 in Bangalore.

     

    The report says that the radio industry in India enjoys greater acceptance in the South than in the rest of the country and thus stands out amongst its peers. This is indicated by relatively higher average radio listenership in cities like Bengaluru where people spend about 20 hours /week on radio while those in Delhi and Mumbai spend 13-14 hours/week.

     

    Radio has become an integral part of the entertainment industry in South India and thus has been used as a tool for promotions like film and TV. The film industry in Tamil Nadu (TN) has tied up with various radio stations with an aim to keep the listeners abreast with the music premiers and activities related to the film. Not just the filmmakers but also the broadcasters use this medium as propping up their new shows says the report.

     

    It also says that the South Indian Media and Entertainment (SIM&E) industry is slated to grow from its current estimated size for FY-2013 of Rs 23,900 to Rs 43,600 crore in FY-2013 at an CAGR of 16 per cent.

     

    Radio, which stands third behind new media and television in terms of growth, will rise at a CAGR of 19 per cent in the four southern states of TN, Andhra Pradesh (AP), Karnataka and Kerala, from an estimated present size of Rs 420 to Rs.830 crore by FY-2017.

     

    The report also goes on to say that the national and local advertisers are increasingly realizing the importance of radio.

  • POGOs School Contact Program wins Gold at EEMAX Awards for Chhota Bheem ka Fatafat Formula

    POGOs School Contact Program wins Gold at EEMAX Awards for Chhota Bheem ka Fatafat Formula

    MUMBAI: POGO, the leading kids’ entertainment channel, recently added another feather to its cap. Chhota Bheem ka Fatafat Formula, an innovative marketing School Contact Program (SCP) in 2012, won the Gold Prize in the category “Best School Contact Program” at the Event & Entertainment Management Association (EEMA) Awards 2013.

    This 2 months long SCP gave young school children a unique opportunity to learn basic self-defense techniques to protect themselves and those around them. POGO aimed to empower children and also impress upon them the importance of safety in day-to-day life by teaching them the power of ‘Mind over Might’.

    The SCP was conducted with 5 lakh students in over 550 schools across Mumbai, Delhi, Bangalore, Kolkata, Ahmedabad and Chennai. Fountainhead Entertainment was the event agency behind conducting this successful event. In addition, special self-defense themed promos featuring Chhota Bheem were aired on POGO.

    Krishna Desai, Sr. Director & Network Head – Kids, South Asia, Turner International India Pvt. Ltd. said, “School Contact Programs of Cartoon Network and POGO have been a proud tradition at Turner. To be recognized and awarded by the industry for one of them is not only gratifying but also encouraging. Fountainhead Entertainment has been a long-standing partner on many successful and innovative initiatives.” 

    EEMA is the only unified voice of the event management and experiential marketing industry. EEMAX 2013 was the fifth edition of the awards which recognized exemplary work in the events and experiential marketing space. In the ‘Best School Contact Program’ category, the initiative competed against not only brands in kids/broadcast but the across the various brand categories in India.

  • Q2-2014 HT Media PAT up due to subsidiary stake sale: Radio Business PBIT up 28%

    Q2-2014 HT Media PAT up due to subsidiary stake sale: Radio Business PBIT up 28%

    BENGALURU: Despite slightly lower consolidated income from operations in Q2-2014 at Rs 534.65 crore, as compared to the Rs 540.93 crore in Q1-2014, Indian media group HT Media Limited (HT Media) reported a 22.5 per cent jump in PAT for Q2-2014 at Rs 58.18 crore (after minority interest) as compared to the Rs 47.49 crore in Q1-2014 and 75 per cent higher than the Rs 33.31 crore for Q2-2013. HT Media had reported group consolidated income from operations of Rs 510.87 crore for Q2-2013.

     

    Excluding the Rs 38.21 crore from the proceeds of the sale of HT Media’s stake in HT Burda, PAT for Q2-2014 would be lower than the PAT for the immediate preceding quarter or the corresponding quarter of last year.

     

    Note: An amount of Rs 38.21 crore representing the difference between (i) the net proceeds of HT Media’s sale of equity shares held in a subsidiary company HT Burda amounting to Rs 59.91 crore and (ii) the carrying amount of assets of HT Burda less liabilities in the consolidated financial statement amounting to Rs 21.7 crore has been recognised as other income in the company’s financial statement.

     

    HT Media’s Fever 104 FM has four radio stations in Mumbai, Bangalore, Kolkata and Delhi. Its Radio, Broadcast and Entertainment segment’s PBIT at Rs 4.69 crore for Q2-2014 was 27.8 per cent more than the Rs 3.67crore for Q1-2014 and almost double (1.97 times) the Rs 2.38 crore PBIT for Q1-2013.

     

    The company claims that its advertising revenue from Printing of Newspapers and Periodicals ‘ segment increased to Rs 386.8 crore for Q2-2014 from Rs 364 crore in Q2-2013, primarily driven by increase in advertising yields and volumes. It also claims a 14 per cent increase in circulation revenue of print segment to Rs 64.2 crore in Q2-2014 from Rs 56.3 crore during the corresponding period last year, driven by increase in realisation per copy.

     

    Let us look at the other Q2-2014 figures reported by HT Media

     

    HT Media’s total income for Q2-2014 at Rs 591.6 crore was 11 per cent more than the Rs 535.25 crore for Q2-2013 and 4.1 per cent more than the Rs 568.49 crore for Q1-2014, mainly on account of higher other income due to HT Media’s sale of its stake in a subsidiary company HT Burda in the current quarter.

     

    Other Income at Rs 56.95 crore for Q2-2014 was more than double (2.34 times more) the Rs 24.38 crore in Q2-2013 and also more than double (2.1 times more) the Rs 27.56 crore for Q1-2014. However, once the proceeds of HT Media’s sale of its stake in its subsidiary HT Burda of Rs 38.21 crore is excluded, Q2-2014 other income would be lower than the other income for Q1-2014 or Q2-2013.

     

    HT Media’s total expense for Q2-2014 at Rs 492.61 crore was about three per cent more than the Rs 478.57 crore for Q2-2013 and about 1.6 per cent more than the Rs 484.81 crore for Q1-2014.

     

    A major chunk of the expense is the cost of raw materials consumed in the case of HT Media. It spent Rs 189.4 crore for Q2-2014 which was three per cent lower than the Rs 195.25 crore in Q2-2013, but 10.3 per cent more than the Rs 171.57 crore in the immediate preceding quarter (Q1-2014).

     

    Another major chunk of expense is Other Expense in the case of HT Media. Other Expense at Rs 180.28 crore for Q2-2014 was 15.5 per cent more than the Rs 156.04 crore for Q2-2013, but about 0.8 per cent lower than the Rs 181.75 crore for Q1-2014.

     

    HT Media’s Employee Benefit expense for Q2-2014 at Rs 106.47 crore was three per cent more than the Rs 103.41 crore for Q2-2013 and 0.8 per cent more than the Rs 105.52 crore for Q1-2014.

     

     Segment Results:

     

    HT Media reports revenue from four streams – Printing of Newspapers and Periodicals segment; Broadcast and Entertainment segment; Digital segment and from Unallocated segment.  

     

    Revenue from HT Media’s Printing of Newspapers and Periodicals segment at Rs 495.85 crore for Q2-2014 was 3.4 per cent higher than the Rs 479.18 crore for Q2-2013, but 1.1 per cent lower than the Rs 504.68 crore in Q1-2014.

     

    PBIT for Printing of Newspapers and Periodicals segment for Q2-2014 at Rs 59.48 crore was 23.3 per cent higher than the Rs 48.24 crore for Q2-2013, but 27 per cent lower than the Rs 82.46 crore for the immediate preceding quarter (Q1-2104).

     

    Revenue from Radio, Broadcast and Entertainment segment for Q2-2014 at Rs 22.16 crore was 11.2 per cent more than the Rs 19.92 crore for Q2-2013, and marginally higher (3.5 per cent) than the Rs 21.41 crore for Q1-2014.

     

    As mentioned above, Its Radio, Broadcast and Entertainment segment PBIT at Rs 4.69 crore  for Q2-2014 was 27.8 per cent more than the Rs 3.67 crore for Q1-2014 and almost double (1.97 times more) than the Rs 2.38 crore for Q1-2013.

     

    Results from the Digital Segment and the Unallocated segment are negative. Please see the attached financial statements.

     

    HT Media chairperson and editorial director Shobhana Bhartia said, “We are glad to report a stable growth in revenue and profit this quarter, despite continued uncertainty in the macroeconomic environment, both in India, and elsewhere. Our growth initiatives in Mumbai and UP continue to deliver results, and all our digital businesses have shown robust growth. We are confident that our diversified business model, established brands and sustained focus on cost reduction will continue to create value for all stakeholders and also show better results as the macroeconomic environment improves.”

  • Simba enters Tier 2 cities with 100 stores by 2014 in India

    Simba enters Tier 2 cities with 100 stores by 2014 in India

    MUMBAI: SimbaToys, one of the largest toy manufacturers in the worldand slated to be the largest toy chain in India is all set to expand its reach to Tier 2 cities. Following the opening of existing stores across Mumbai,Delhi, Bangalore and Chennai the company is now ready to extend its reach to Orissa, Rajasthan, Gujarat and Chhattisgarh over next few months.

    Commenting on the expansion Shree Narayan Sabharwal, Business Head, Simba Toys India stated “In India, almost 70% of the toy market is unorganized. Simba Toys mission is to let kids play with better quality and safer toys. The idea behind SIMBA stores in India is to establish them as your neighborhood toy store. Through which good quality products come closer to mass consumer across all cities in India, as it’s difficult to have easy access to such toys in India.”

    “We are planning to open 50 outlets across the country by the end of this year”, he further added. German – based toy brand, Simba Toys entered the Indian market through an exclusive franchise arrangement in 2010. Simba Toys opened its first Simba store in 2012 in Mumbai, the financial capital of India.

    Eighteen stores of SIMBA are already operational in diversified locations across the country which includes Delhi-NCR, Madhya Pradesh, Bangalore Mumbai, Gujarat, Uttarakhand and Chennai. The product range includes Back to School range, Steffi, Majorette, Art and Craft, Music.