Ankündigung • Jun 02
Raymond Limited, Annual General Meeting, Jun 27, 2024 Raymond Limited, Annual General Meeting, Jun 27, 2024, at 15:00 Indian Standard Time. Ankündigung • May 04
Raymond Limited Recommends Dividend for the Financial Year Ended March 31, 2024, Payable on or After June 26, 2024 Raymond Limited at its board of directors meeting held on May 3, 2024, recommended payment of dividend of 100 % on the Equity share capital i.e. INR 10.00 per equity share of the face value of INR 10.00 each for the financial year ended March 31, 2024, subject To Approve the shareholders at the upcoming 99th Annual General Meeting. The dividend, if approved by the shareholders will be paid on or after June 26, 2024. Ankündigung • Apr 24
Raymond Limited to Report Q4, 2024 Results on May 03, 2024 Raymond Limited announced that they will report Q4, 2024 results on May 03, 2024 Ankündigung • Aug 15
Raymond Limited Announces Resignation of Atul Singh, Senior Management Personnel Raymond Limited announced that Mr. Atul Singh, Senior Management Personnel of the Company, has been facing health issues and had to undergo a procedure in US to resolve this condition. Post his procedure, Atul has been advised to restrict extensive flying and has therefore tendered his resignation. The Company has taken note of the same and he is being relieved of his duties from the end of business hours on August 14, 2023. Ankündigung • Jun 18
Raymond Limited Proposes Dividend for the Financial Year Ended March 31, 2023 Raymond Limited proposed dividend of INR 3 per equity share for the financial year ended March 31, 2023 at its AGM to be held on July 11, 2023. Ankündigung • Jan 18
Raymond Limited to Report Q3, 2023 Results on Feb 01, 2023 Raymond Limited announced that they will report Q3, 2023 results on Feb 01, 2023 Ankündigung • Nov 06
Raymond Limited Appoints Narasimha Murthy as Independent Director Raymond Limited announced that Nomination and Remuneration Committee through a resolution passed by circulation on November 3, 2022 has recommended the appointment of Mr. Narasimha Murthy as an Independent Director on the Board of the Company for a period of Five Years subject to regulatory approvals. Ankündigung • Nov 04
Raymond Limited GDR (India) to Be Deleted from OTC Equity Raymond Limited GDR (India) will be deleted from OTC Equity effective from November 03, 2022, due to ADR /GDR Program Terminated. Ankündigung • Sep 24
Good Glamm Reportedly Scraps Plan to Buy Raymond's Consumer Biz Sanghvi Beauty & Technologies Pvt Ltd. (The Good Glamm group) the direct-to-consumer beauty and personal care conglomerate, has abandoned plans to acquire Raymond Limited (BSE:500330)'s consumer care business due to a valuation mismatch, said a person with knowledge of the matter. The group was reportedly in talks to buy the consumer care business, which houses the Park Avenue and KamaSutra brands, in a cash-and-stock deal worth INR 25.00 billion - INR 28.00 billion. When contacted, Darpan Sanghvi, Co-Founder and Chief Executive, Good Glamm, said the company has called off a large transaction. He declined to elaborate citing confidentiality clauses but said that there were disagreements over valuation. "The market has changed since we started engaging with the target company late last year and we have to price that in the valuations," he said. A spokesperson for Raymond did not respond to queries. With the proposed deal being called off, Good Glamm has also decided not to proceed with a planned fundraising round as it was linked to the acquisition financing, Sanghvi said. "Now that the large offline acquisition that we were targeting is not happening, we have put off the plan to raise capital," he said. "We don't need capital to run the business. We are contributory margin positive," he added. Mint was the first to report Good Glamm's fundraising plans on 26 May. The company was looking to raise close to $200-250 million, valuing it at $2 billion from new and existing investors. Ankündigung • Jul 23
Raymond Limited to Report Q1, 2023 Results on Aug 05, 2022 Raymond Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Aug 05, 2022 Ankündigung • Jul 14
Raymond Limited Appoints Atul Singh as Executive Vice Chairman Raymond Limited announced the appointment of Atul Singh to lead the group. Singh joins Raymond from beverage major Coca-Cola where he worked across senior leadership positions for over two decades. In his last role at the company, Singh was chairman, Asia Pacific, where he led businesses across 25 countries. Prior to joining Coca-Cola, Singh worked at fast moving consumer goods company Colgate-Palmolive for a decade during which he held several leadership positions globally including his role as country manager, Nigeria. Ankündigung • Jun 30
Good Glamm's Raymond Brands Acquisition Reportedly in the Dock over Valuation Mismatch, Financing Woes The Good Glamm Group's efforts to acquire the consumer care business of the Raymond Group that houses the Park Avenue and Kamasutra brands has hit a valuation roadblock, said people in the know. Existing investors of GGG have expressed their reservations about the INR 30 billion cash-and-stock deal that both sides were negotiating. According to them, “economics and integration flywheel of the spate of past acquisitions still need to be tested,” said one of the people. Raising debt for the acquisition in the backdrop of interest rate hikes, inflation and the meltdown in global technology valuations, is also proving to be a challenge, three people with direct knowledge of the development said. Spokespersons for Raymond and Good Glamm declined to comment on what they called market speculation. Ankündigung • May 18
Raymond Limited Recommends Dividend For the Financial year ended March 31, 2022, Payable on July 14, 2022 The Board of Directors of Raymond Limited at its meeting held on May 16, 2022, recommended payment of dividend of 30% on the Equity share capital i.e. INR 3 per equity share of the face value of INR 10 each for the financial year ended 31st March, 2022, subject To Approve the shareholders at the Annual General Meeting. The dividend, if approved by the shareholders will be paid on or after July 14, 2022. Ankündigung • May 17
Raymond Limited, Annual General Meeting, Jul 14, 2022 Raymond Limited, Annual General Meeting, Jul 14, 2022. Agenda: To consider recommended payment of dividend of 30% on the Equity share capital i.e. INR 3 (Rupees Three only) per equity share of the face value of INR 10 (Rupees Ten) each for the financial year ended 31s t March, 2022. Ankündigung • May 12
Raymond Limited to Report Q4, 2022 Results on May 16, 2022 Raymond Limited announced that they will report Q4, 2022 results on May 16, 2022 Ankündigung • May 04
Good Glamm Reportedly in Talks to Buy Raymond's Consumer Care Business The Good Glamm Group is in advanced talks to acquire the Raymond Limited (BSE:500330)’s consumer care business, which houses the Park Avenue and KamaSutra brands, three people with knowledge of the deal said. The cash-and-stock deal, pegged at around INR 25.00 billion - INR 28.00 billion, is expected to be one of the largest acquisitions in the beauty and personal care segment. “This acquisition will mark Good Glamm’s entry into the men’s personal care and sexual wellness category”, one source said. Another source said the Raymond Group as well as its promoters will end up owning a minority stake in the Good Glamm Group as part of the deal. Raymond Group is expected to carve out its consumer care business before any potential sale, one of the sources said. “As per the company policy, we do not comment on market speculation. However, to enhance shareholder value, we keep evaluating all options available to us,” a spokesperson for the Raymond Group said in response to ET’s email. A spokesperson for the Good Glamm Group declined to comment. Ankündigung • Apr 01
Raymond Reportedly Plans to Sell ColorPlus and Park Avenue Raymond Limited (BSE:500330) is looking to sell its apparel retailing brands of Colorplus Fashions Limited and Park Avenue businesses, according to two people familiar with the development. Raymond has held talks with Denmark-based retail group BESTSELLER A/S for selling ColorPlus business but the talks failed without a deal, they said. One of the persons said Raymond was seeking a valuation of about INR 5.00 billion and Bestseller was not willing to shell out that much money for the business that owns about 90 standalone stores apart from selling through other multi-brand outlets. For Park Avenue, that operates about 70 standalone stores, Raymond is seeking “much more” than INR 5.00 billion of valuation, he said. Both Raymond and Bestseller declined to comment. “As a policy we do not participate in any market speculation and having said that, whenever we have any information to share, we will,” Vineet Gautam, Chief Executive Officer of Bestseller India, said in WhatsApp message. “As company policy, we do not comment on market speculations,” a spokesperson for Raymond said. Ankündigung • Oct 29
Raymond Reportedly Plans to Exit FMCG to Focus on Core Business Apparel maker Raymond Limited (BSE:500330) plans to exit its fast moving consumer business as part of a strategy to focus on its core apparel segment, and is seeking a valuation of INR 25.00 Billion, an official close to the development told ET. The company approached a few suitors through investment banker Rothschild, the person said. A spokesperson of Raymond Consumer Care said, “As per company policy, we do not comment on market speculation and rumours”. Some possible buyers ET spoke with said that while the portfolio of brands are strong, the valuation being demanded is too high. Last fiscal, Raymond announced demerger of its branded apparel and lifestyle business into a separate consumer firm to unlock value. Ankündigung • Oct 14
Raymond Hires Joe Kuruvilla as New CEO Raymond has hired ex Unilever top executive Joe Kuruvilla as its new CEO. Prior to his appointment, Kuruvilla was the VP of Digital Transformation, Media and eCommerce, at Unilever. Raymond COO Ganesh Kumar will report to Kuruvilla, who will be in charge of leading the brand's business agenda in the aftermath of the lockdown. Kuruvilla was associated with Unilever since 1997, joining as National Sales Manager, Lever Detergents. Ankündigung • Oct 13
Raymond Limited to Report Q2, 2021 Results on Nov 10, 2020 Raymond Limited announced that they will report Q2, 2021 results on Nov 10, 2020 Ankündigung • Oct 12
Raymond Limited Appoints Joe Kuruvilla as Chief Executive Officer of Raymond Lifestyle Raymond Limited announced the reinforcement of its management team at Raymond Lifestyle with the appointment of Joe Kuruvilla as the Chief Executive Officer. Joe was till recently the Vice President - Digital Transformation, Media and E-Commerce for East Europe at Unilever PLC. The recently appointed Chief Operating Officer, Ganesh Kumar will report to Joe and work with Joe to execute the transformation agenda for the business as it emerges from the nationwide lockdown due to the global pandemic. Ankündigung • Aug 29
Raymond Limited to Report Q1, 2021 Results on Sep 14, 2020 Raymond Limited announced that they will report Q1, 2021 results on Sep 14, 2020 Ankündigung • Jul 22
Raymond Limited Decides Not to Recommend Any Dividend on the Equity Shares of the Company for the Financial Year Ended March 31, 2020 The Board of Directors of the Raymond Limited have decided not to recommend any dividend on the Equity Shares of the Company for the Financial Year ended March 31, 2020. 