Nykaa Fashion Launches First Fine Jewellery Brand 'Candere by Kalyan Jewellers'
Nykaa Fashion Launches First Fine Jewellery Brand 'Candere by Kalyan Jewellers'

Carefully chosen elegant jewellery does more than just add a finishing touch to a woman’s everyday outfit. It reflects her mood and personality as few things can. Be it a pair of charming earrings, a dainty bracelet, a statement ring or a delicate pendant, we know well that your personal jewellery collection can always accommodate more. 

Nykaa Fashion, the multi-brand e-commerce fashion platform, now presents its first offering of fine jewellery with a collection by Candere from Kalyan Jewellers.

A special line unveiled for Nykaa Fashion users, this is a beautiful mix of classic and timeless pieces in gold and diamonds.

Including designs with a special appeal, Candere Jewellery will give your look an instant pick-up with their distinctive aesthetics, as you continue to live the ’new normal' with zoom meetings, virtual events and intimate family gatherings.

A pair of diamond-studded floral motif earrings to spruce up your mood and your outfit; a geometric pendant in white gold that can transform the most mundane morning; a bold diamond-encrusted art deco ring for an expression of individuality or an intricately crafted choker to add a traditional touch to special occasions, Candere by Kalyan Jewellers unveils a range on Nykaa Fashion that is versatile and sophisticated with a wide selection for every mood and occasion.

Each piece of jewellery comes with an authenticity certificate or BIS hallmarking.

Rupesh Jain, Founder & Chief Executive Officer, Candere by Kalyan Jewellers, said, "Candere houses an extensive collection of women-centric jewellery across traditional, designer and daily wear. We believe Nykaa Fashion is the aptest platform for discerning buyers across the country to discover our designs and catalogue! We are delighted to explore a world of possibilities as the first fine jewellery brand on this curation-led platform."

 
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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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