BIRKENSTOCK Now Available On Nykaa Fashion
BIRKENSTOCK Now Available On Nykaa Fashion

Rising temperatures demand that you level up your footwear game, pronto! Whether street or quirky, Nykaa Fashion has got your vibe covered with a whole range of comfortable footwear by BIRKENSTOCK, in sorbet shades and cool prints to beat the heat.

BIRKENSTOCK, best known for its classic, comfortable, and trendy but practical styles, is now available on Nykaa Fashion, the multi-brand e-commerce retailer. With endless styling options and multiple textures to pick from, every pair lets you make a style statement whether you're on a grocery run or a weekend getaway.

The beauty of BIRKENSTOCKs is for everyone!  Cool, slip-on styles that are practical and perfect for the multitaskers as well as for the laid-back loungers, for whom comfort is supreme.

BIRKENSTOCK Now Available On Nykaa Fashion

Inspired by footprints on the sand, the iconic BIRKENSTOCK Footbed is made from a natural and super flexible cork-latex core. The curves mimic the imprint of a foot on the sand. The heel cup ensures a good hold on the foot that improves gait and stance. The footbed is like a warm hug for the soles of your feet!

Adding a pair of BIRKENSTOCKS to your shoe rack will ensure you have a stylish all-rounder for every look. Each shoe model is available in options ranging from leather, suede, textile options to the unique birko-flor material. 

 
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Retail India News: Convergent Finance and Samara Capital to Acquire Majority Stake in Agro Tech Foods Limited
Retail India News: Convergent Finance and Samara Capital to Acquire Majority Stake in Agro Tech Foods Limited
 

Convergent Finance LLP and Samara Capital have jointly declared the finalization of definitive documents for acquiring a 51.8 percent stake in Agro Tech Foods Limited (ATFL) from a subsidiary of Conagra Brands, Inc. ATFL, a listed company on the Bombay Stock Exchange and the National Stock Exchange, will undergo a mandatory open offer for an additional 26.0 percent of outstanding shares due to this acquisition. The deal is pending customary regulatory approvals and is anticipated to be completed in due course.

Conagra has been a controlling shareholder of ATFL since 2011, and during its tenure, ATFL expanded its food portfolio, featuring renowned brands like ACT II popcorn and Sundrop edible oils. Both brands are leaders in their categories, catering to both in-home and out-of-home consumption. ATFL will retain the license for the ACT II brand from Conagra for use in India.

Harsha Raghavan, Managing Partner at Convergent Finance said, “Agro Tech Foods’ category-defining brands have been beloved household names for the past three decades, thanks to the company’s relentless focus on quality, innovation, and customer delight. As India’s rapidly-growing consumer class expands and discretionary income levels continue to rise, we will expand ATFL’s distribution reach and product range, thereby transforming it into the country’s leading packaged and snack food platform.

Manish Mehta, Managing Director and Co-Chief Investment Officer at Samara Capital said, “We are delighted to lead the acquisition of a majority stake in ATFL in partnership with Convergent. The company’s brands have high recall value with India’s consumers, and we aim to complement this hard-earned recognition with our knowledge of India’s food and consumer sectors to increase ATFL’s presence in fast-growing, high-margin categories. We intend to create a large and unique branded food platform in the country with this acquisition.

Convergent Finance LLP, known for its investment management and advisory role, follows a value investing approach, emphasizing fair valuations through negotiated transactions. Samara Capital, founded in 2007, is a mid-market private equity firm in India with a focus on creating long-term value in partnership with entrepreneurs. Consumer and Retail form a significant focus area for Samara.

Conagra Brands, Inc, headquartered in Chicago, is a leading North American branded food company with a portfolio of iconic brands, including ACT II, Birds Eye, Duncan Hines, Healthy Choice, and Marie Callender’s, among others. The company is driven by a commitment to innovation and evolving to meet changing food preferences.

 

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