Author: Delshad Irani

Sony restructures leadership of games business; PlayStation gets Hideaki Nishino and Hermen Hulst as new CEOs

Effective June 1, 2024, Hideaki Nishino will be appointed CEO of SIE’s Platform Business Group, and Hermen Hulst will be appointed CEO of SIE’s Studio Business Group. Hiroki Totoki, who has been serving as interim CEO of SIE, will serve as Chairman of SIE in addition to his role as President, COO and CFO of Sony Group Corporation. Nishino and Hulst will report to Totoki and intend to collaborate closely to strengthen each core business while maximizing synergies at SIE. (From left to right: Hermen Hulst (Gamesindustry.biz) and Hideaki Nishino (PlayStation.blog))

New leadership structure formed at Sony Interactive Entertainment. Hideaki Nishino appointed CEO, Platform Business Group; Hermen Hulst appointed CEO, Studio Business Group.

TVS lines up new EV launches in upcoming quarters, appealing to various customer segments

EV sales registered a growth of 42% with sales increasing from 20,356 units in September 2023 to 28,901 units in September 2024.

TVS Motor Company’s director and CEO, KN Radhakrishnan highlighted the company’s performance, stating that 2023-24 was the year where TVS Motor Company achieved significant milestones in terms of sales, revenue and profit.

Gujarat-based Gopal Snacks plans to increase marketing spends; retail grows to over 5.50 lakh touchpoints

Gopal Snacks Limited (GSL) operates three primary manufacturing facilities located in Rajkot (Gujarat), Nagpur (Maharashtra), and Modasa (Gujarat). These facilities produce a variety of snacks including Gathiya, Namkeen, Wafers, and Snack Pellets. Their product range encompasses Extruded Snacks, Premium Namkeen Range, Rusk, Papad, Spices, and Flour.

Gopal Snacks had three new product launches in the past three months as it deepens its product offerings, accelerates penetration and expands to newer markets.

HUL appoints Vipul Mathur as Executive Director, Personal Care

Vipul Mathur joined HUL in 2003 as a management trainee after completing his MBA from the Indian Institute of Management - Calcutta. In a career spanning over two decades, he has worked in Customer Development and Marketing, across Home Care, Personal Care and Nutrition.

Hindustan Unilever (HUL) has elevated Vipul Mathur to Executive Director, Personal Care. Mathur is presently Head – Growth & Transformation for South Asia.

Honasa Consumer’s The Derma Co. partners with UK-based Dr V for new skincare range

ASCI has urged brands to ensure that their contracts (with influencers) require disclosure labels to be mentioned, and blacklisting influencers who do not adhere to these instructions.

Ghazal Alagh, Chief Innovation Officer & Co-Founder, Honasa Consumer Limited, said, “Skin Renew by Dr V, range has been formulated along with Dr Vanita using best ingredients appropriate for the Indian consumer… We are confident that this collaboration is going to add value to our commitment to excellence in the skincare industry.”

The $20 billion Godrej family separation: What’s the agreement on Brand Name usage? 

Adi Godrej and his brother Nadir will stay at the helm of the listed entities which will come under Godrej Industries. Cousin Jamshyd Godrej gets the control of unlisted companies and the land bank which will come under Godrej Enterprises. (From left to right: Adi Godrej (Image source: Forbes India); Jamshyd Godrej and Nadir Godrej)

The agreement regarding the split of the 127-year old Godrej conglomerate submitted to the exchanges addresses issues of Royalty, Brand Usage and Land Bank development.

IPG Mediabrands chief Shashi Sinha’s succession plan revealed; ‘It has to be someone from within…’

Shashi Sinha, CEO of IPG Mediabrands India, said, "We have leaders who have been with us for years. The culture fosters it. Given half a chance I will promote a person from inside rather than get someone from outside."

In a candid chat with Storyboard18, IPG Mediabrands India chief Shashi Sinha revealed his succession plan for the first time as he shared his outlook on cultivating talent.

Laxman Narasimhan, CEO Starbucks: This quarter’s results do not reflect the power of our brand

Narasimhan’s efforts to turnaround decline in the same-store sales didn’t reap results, worsening the situation as the company cut guidance in April as US sales declined and China business’ growth decelerated.

Starbucks Reports Q2 Fiscal 2024 Results: Q2 consolidated net revenues down 2% to $8.6 billion, driven by a complex operating environment, the company said.