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Boat
Earwear brand Boat on Thursday said it has elevated CEO Vivek Gambhir to Chairman of the company. Boat co-founder Sameer Mehta will take on the role of CEO and Managing Director. Gambhir, in his new role as Chairman, will continue to guide the leadership team on matters of strategy, organisational development and culture and future growth roadmap. "We are now the number two company globally in the wearables (earwear and smartwatches) space in addition to being a leading brand in multiple categories in India. It is a matter of great pride that a brand born in India is now among the top brands in the world. And I am excited about the next phase of boAt, under the co-founders' visionary leadership," Gambhir said. Mehta joined Boat in February 2021 as CEO from Godrej Consumers Products, where he served as Managing Director and CEO of the company. "In early 2021, we approached Vivek to join and guide us in our scaling-up journey and prepare us to think and act like a bigger company rat
At least 15 people have died as two boats carrying migrants sank in Greek waters late Wednesday, and rescuers were looking for dozens still missing, authorities said early Thursday. The coast guard said 15 bodies had been recovered near the eastern island of Lesbos after a dinghy carrying about 40 people sank. Five people were rescued and three had been located on a rocky outcrop near the site of the sinking. A second rescue effort was launched several hundred kilometers (miles) to the west, near the island of Kythira, where a sailboat carrying about 100 migrants hit rocks and sank late Wednesday. Officials said 30 people had been rescued after that boat hit rocks off the village port of Diakofti on the east of the island. Winds in the area were up to 70 kph (45 mph). We could see the boat smashing against the rocks and people climbing up those rocks to try and save themselves. It was an unbelievable sight, Martha Stathaki, a local resident told The Associated Press. All the resid
IPO-bound Imagine Marketing, the parent company of wearables brand boAt, has firmed up plans to become a made-in-India global lifestyle brand by increasing its overseas reach, according to a top company official. The company is awaiting regulatory nod for a Rs 1,100-crore public issue, of which Rs 900 crore will be fresh issue and the rest offer-for-sale. It expects to manufacture 60 lakh units (nearly double its present output) in H1 of FY23 under its make-in-India strategy and scale it further as the demand and market reach grow, which will also help it launch products faster and at lower prices, Aman Gupta, the co-founder and chief marketing officer, told PTI. Established in 2013 by Aman Gupta and Sameer Mehta in Mumbai, Imagine Marketing offers a product portfolio ranging from audio gear and smart wearables to personal grooming products and mobile accessories. In the domestic market, it has been holding the pole position in the overall wearables category for the third consecuti
Two people are reportedly dead and three more missing after a boat in New Zealand collided with a whale and capsized. News organisation Stuff reported that 11 people were aboard the boat and six were rescued Saturday morning near the South Island town of Kaikoura. Kaikoura Mayor Craig Mackle told Stuff there was a sick feeling among those waiting for more news. Police said in a statement they were responding to an incident in which a boat had reportedly capsized and they had closed off a boat ramp from public use, but they did not immediately provide further details. Vanessa Chapman told Stuff she and a group of friends had watched the rescue efforts unfold from Goose Bay, near Kaikoura. She said that when she arrived at a lookout spot, she could see a person sitting atop an overturned boat waving their arms. She said two rescue helicopters and a third local helicopter were circling before two divers jumped out. She told Stuff that the person atop the boat was rescued and a second