{"id":31468,"date":"2024-04-20T19:45:28","date_gmt":"2024-04-20T19:45:28","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/20\/indo-count-bed-linen-major-acquires-us-based-wamsutta-for-10-million-times-of-india\/"},"modified":"2024-04-20T19:45:28","modified_gmt":"2024-04-20T19:45:28","slug":"indo-count-bed-linen-major-acquires-us-based-wamsutta-for-10-million-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/20\/indo-count-bed-linen-major-acquires-us-based-wamsutta-for-10-million-times-of-india\/","title":{"rendered":"Indo Count, bed linen major, acquires US-based Wamsutta for $10 million &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-109456679,imgsize-1274431.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Indo Count, bed linen major, acquires US-based Wamsutta for  million &#8211; Times of India\" title=\"Indo Count, bed linen major, acquires US-based Wamsutta for  million &#8211; Times of India\" \/><\/div>\n<div>MUMBAI: <!-- -->Indo Count<!-- -->, one of the largest <!-- -->bed linen<!-- --> manufacturers in the country, has acquired <!-- -->Wamsutta<!-- -->, a <!-- -->home fashion brand<!-- --> from NYSE-listed Beyond, the parent company of Bed Bath &amp; Beyond, Zulily, Overstock and a gallery of other brands, for $10.3 million.<br \/>Wamsutta, established in 1846, has a product line encompassing bedding, bath linens, window treatments and decorative accessories.The cash deal, which includes Indo Count also assuming certain liabilities, is the Indian company\u2019s second acquisition after GHCL\u2019s home textile business, which was bought for Rs 593 crore in FY23. <br \/>Wamsutta will elevate Indo Count\u2019s position in the premium market segment, in the US and outside of it, the company said in a release. Currently, US accounts for 75% of the Indian company\u2019s Rs 3,042 crore revenue. <br \/>\u201cIndo Count will explore multiple channels of distribution to reach the core Wamsutta consumer and also introduce an entire new generation to the exceptional quality and luxury of the Wamsutta brand,\u201d the release said.<br \/>Mohit Jain, Executive Vice Chairman, Indo Count said that Wamsutta, with its 178-year brand heritage, resonates strongly in the marketplace. \u201cWe will explore multiple channels of distribution to reach the core Wamsutta consumer and also introduce an entire new generation to the exceptional quality and luxury of the Wamsutta brand.\u201d<br \/>In Friday\u2019s choppy market, the stock price of Indo Count on BSE closed 0.5% higher at Rs 374.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/indo-count-bed-linen-major-acquires-us-based-wamsutta-for-10-million\/articleshow\/109456549.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Indo Count, one of the largest bed linen manufacturers in the country, has acquired Wamsutta, a home fashion brand from NYSE-listed Beyond, the parent company of Bed Bath &amp; Beyond, Zulily, Overstock and a gallery of other brands, for $10.3 million.Wamsutta, established in 1846, has a product line encompassing bedding, bath linens, window treatments [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":31469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-109456679,imgsize-1274431.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[11490,19192,35419,289,5156,35418,273,35420,35417,35421,846,2458,272,35416,5117,35415],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/31468"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=31468"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/31468\/revisions"}],"predecessor-version":[{"id":31470,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/31468\/revisions\/31470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/31469"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=31468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=31468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=31468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}