Last week, the 26-year-old wine company filed for an IPO. It might just become the most fashionable Indian alcohol brand to go public.
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The firm that played a pivotal role in introducing the French hypermarket to the Arab world is having to course-correct in response to geopolitical concerns in the region.
Amidst the ongoing slump are pockets of hope—companies that are coping better or positioning themselves for an eventual revival.
The middle income segment—the largest in terms of consumption—may not really be witnessing any reduction in size, but factors such as unemployment and inflation are sure contributing to a sharp dip in purchasing power.