Home-grown FMCG firm Emami Ltd on Thursday strongly objected to industry peer Hindustan Unilever rebranding its men's range of skincare products as 'Glow & Handsome', claiming trademark rights over the name.
After Hindustan Unilever's move to rename 'Fair & Lovely', now the world's biggest cosmetics company, L'Oreal has decided to drop words like 'whitening', 'fair' and 'light' from its range of skin products.
'Glow & Lovely' might soon greet you from the shelves with Hindustan Unilever seeking trademark registration for the new name as the FMCG major has decided to drop the word 'Fair' from its popular fairness cream 'Fair & Lovely'.
In a major announcement, Hindustan Unilever has announced that it will remove the word 'Fair' from its flagship brand skincare cream Fair & Lovely. This comes after American multinational Johnson and Johnson announced that it will be stopping the sale of two fairness products that are sold in India.
Equity benchmark indices traded lower during early hours on Thursday tracking weak global cues as investors globally pondered over the economic impact of coronavirus pandemic.
Reliance India Limited and Hindustan Unilever steal the show as the most valued firms in India. 6 of the top 10 companies namely Reliance Industries, TCS, HUL, Infosys, Kotak Mahindra Bank and ITC have witnessed a collective gain of Rs 62,772.95 crore in market valuation in the last one week. Meanwhile, banks like HDFC Bank, HDFC, ICICI Bank and SBI suffered losses.
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