Latest news with #Goods
Associated Press
28-05-2025
- Business
- Associated Press
Bansk Group Publishes 2024 Annual Impact Report
Highlights Firm's Value Creation Philosophy, Distinctive 'Five Goods' ESG Framework and Portfolio-Level ESG Progress 'Five Goods' Approach Helps Strengthen Brands, Maximize Customer Satisfaction and Positively Contribute to Communities Across Portfolio Companies – Resulting in Demonstrated Multiplier Effect NEW YORK, May 28, 2025 /PRNewswire/ -- Bansk Group ('Bansk'), a consumer-focused private investment firm dedicated to building distinctive consumer brands, today announced the publication of its second annual Impact Report, highlighting Bansk's value creation philosophy and the firm's progress in integrating its 'Five Goods' ESG framework across its portfolio. 'At Bansk, we are focused on acquiring companies with great brands and products and working closely with management teams to make them even better,' said Bart Becht, Senior Partner and Chairman of Bansk Group. 'We believe that considering material ESG factors, through the application of our Five Goods framework, is a highly effective way to not only do good, but to address what consumers care about. By doing so, we believe we are improving products, gaining market share and accelerating sales growth across our portfolio – and enhancing value creation for our investors.' Bansk's Five Goods framework is aligned with consumers' ESG expectations – products that are good for the consumer and the planet, made by companies with good working conditions, governance and social responsibility. By applying the framework at every step of the investment process – from evaluating potential acquisitions, to strengthening existing portfolio companies and measuring progress – Bansk aims to build stronger, more distinctive brands and enhanced consumer loyalty, driving higher growth and value creation. This year's report outlines case studies of how The Five Goods framework has resulted in a powerful multiplier effect across Bansk's portfolio. A brand may start with a project to improve one area and end up unleashing the potential of a brand through a series of changes that drive improvement on multiple levels. Highlights from the case studies include: 'At Bansk, we focus on great products that aim to solve for consumer needs, while also delivering provable ESG claims consumers care about,' said Mastak Pal Kaur, ESG Director at Bansk. 'We regularly evaluate what is driving consumer purchase decision-making to prioritize and refine the implementation of our Five Goods framework across our brands. Through this, we believe we can better meet our consumers' needs while also delivering value to our investors.' The full report is available on Bansk's website here. About Bansk Group Founded in 2019, Bansk Group is a New York-based private investment firm focused on investing in and building distinctive consumer brands. The firm partners with differentiated brands across four primary consumer categories: beauty & personal care, consumer health, food & beverage, and household products. Over their careers with Bansk and elsewhere, Bansk's tenured group of investors and operators have been involved in more than $30 billion of equity capital investments across more than 40 transactions with some of the most innovative and well-known consumer companies in the world. With extensive investment experience in the consumer products industry, a global network of relationships, and a tested value creation playbook, Bansk seeks to partner with exceptional founders and management teams to drive outsized organic and acquisitive growth and position brands for enduring long-term success in the evolving consumer landscape. Contacts Woomi Yun / Erik Carlson / Madeline Jones Joele Frank, Wilkinson Brimmer Katcher 212-355-4449 View original content: SOURCE Bansk Group
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Business Standard
25-05-2025
- Business
- Business Standard
Delhi HC bars GST coercive action against CCI in ₹10.36 cr dispute
The Delhi High Court has restrained the Goods and Services Tax (GST) authorities from initiating any coercive action against the Competition Commission of India (CCI) in connection with a ₹10.36-crore tax demand. A division bench of Justice Prathiba M Singh and Justice Rajneesh Kumar Gupta issued the interim relief on 21 May after hearing CCI's plea challenging the demand raised by the Central GST Commissionerate, Delhi South. The CCI argued that it is a statutory regulatory body under the Competition Act, 2002, and does not engage in any commercial activity that would warrant a GST levy. In support, it cited the High Court's earlier ruling in Central Electricity Regulatory Commission v. DGGI, where the court had held that show cause notices issued under similar circumstances could not be sustained. Taking note of this precedent, the court directed that no coercive steps be taken against the CCI. The GST department has been asked to file its response within six weeks, with the rejoinder due in four weeks thereafter. The matter has been listed for further proceedings before the Joint Registrar on 29 July, and before the court on 8 September.
Hypebeast
24-05-2025
- Business
- Hypebeast
Goods & Services Combines Football Boots and Work Boots with its Field Shoe
Name:Goods & Services Field ShoeMSRP:$525 USDRelease Date: May 28 (Email Subscribers)/May 30 (General Release)Where to Buy:Goods & Services The Los Angeles-based group of master cobblers atGoods & Servicesis set to expand itsoriginal footwear design rangewith the all-new Field Shoe. A hybrid silhouette that sits somewhere between football boot and work boot, the Field Shoe offers a premium, refined look with plenty of unique details. 'We're known as cobblers that apply unconventional repair methods to sneakers and shoes, and we want to carry that over into our own in-house products,' said Goods & Services founderRory Fortune. Presented in a murky black colorway, the Field Shoe is built from a combination of quilted distressed lambskin and various cowhide leathers, materials that nod to football boots, luxury leather goods and work boots alike. Tongues boast a hybrid build that makes use of 3D-mesh, thin webbing, and soft grain leather, and can be tucked into the shoe for a more muted look. Special details that can be seen throughout this assembly include hits of mustard and navy, as well as various thread sizes, nodding to Goods & Services' extensive leatherworking background. Down below, EVA midsoles and Italian-made Vibram outsoles round off the look. 'Since we take apart and rebuild old shoes into new unexpected constructions every day, we relied on that as a reference library for how patterns, cutting and stitching methods, and material combinations could come together in unexpected ways on this shoe,' noted Fortune. The Goods & Services Field Shoe will release to Goods & Services' email list on May 28, then drop on the outfit's webstore May 30. It's priced at $525 USD.
The Hindu
23-05-2025
- Business
- The Hindu
Coimbatore Corporation proposes revised estimate for 24x7 water supply project
Coimbatore Corporation has proposed a revised administrative sanction of ₹829.27 crore for the ongoing 24x7 drinking water supply project, which is being implemented by Suez India Pvt. Ltd. in the 60 wards that were part of the city prior to its 2011 expansion. Approximately 80% of the work has been completed. The project was initially sanctioned at ₹646.71 crore under the Centre's AMRUT scheme in 2015. According to the Corporation data, the contract includes construction, operation, and maintenance for 25 years, with an Engineering, Procurement and Construction (EPC) cost of ₹646.71 crore and an Operation and Maintenance (O&M) cost of ₹2,328.45 crore. Following the introduction of the Goods and Services Tax (GST) in July 2017, a 12% GST was applied to the project, adding ₹77.61 crore to the cost and increasing the EPC component to ₹724.32 crore. This revised estimate was approved by the council in July 2021 and submitted to the Directorate of Municipal Administration. In July 2022, the GST rate on construction services was increased to 18%, resulting in further cost escalation. The cumulative GST liability now stands at ₹109.94 crore. The Corporation also encountered delays in obtaining permissions from the National Highways Authority of India (NHAI) for pipeline-laying works. As a temporary arrangement, with the consent of the NHAI divisional engineer, trenching was allowed on the condition that road restoration would be carried out to national highway standards. The estimated cost of restoring these stretches is ₹35.50 crore. Additional restoration and permission-related payments include ₹1.81 crore to the Railways and ₹35.31 crore to the State Highways Department. Together with the NHAI-related works, the total expenditure for inter-agency coordination stands at ₹72.62 crore. In the light of these additional expenses, the Corporation is seeking a further grant of ₹182.56 crore over the original sanctioned amount, bringing the total revised administrative sanction request to ₹829.27 crore.
Yahoo
21-05-2025
- Business
- Yahoo
Des Moines University forms faculty development academy with alumni gift
Des Moines University is creating a faculty development academy with the donation from a DMU graduate and his wife. Shown here, Des Moines University students celebrated Match Day on March 21, 2025, when they learned where they'll serve medical residencies. (Photo by Brooklyn Draisey/Iowa Capital Dispatch) Des Moines University Medicine and Health Sciences is utilizing donor dollars to expand the knowledge and skills of faculty with a new development initiative. The private medical university announced Wednesday the launch of the Dr. Robert and Brenda Good Faculty Development Academy, a campus-wide initiative to 'advance excellence in teaching, educational research and leadership among its faculty members,' according to a news release. 'This is a bold, forward-looking initiative designed to support faculty throughout their professional growth,' said DMU Assistant Vice President for Academic Innovation and Enhancement Nehad El-Sawi in the release. 'From peer-led consultations to faculty workshops on cutting-edge topics like artificial intelligence and enhanced preceptor development, the academy fosters a collaborative ecosystem for academic excellence.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX According to the release, the initiative will focus on six areas relating to faculty training and development, including improving onboarding, offering continuous professional development, encouraging educational research, furthering collaboration across campus and bettering teaching skills. El-Sawi said in the release this initiative will help the college invest in the future of health care by investing in its own faculty. A gift from 1977 DMU graduate Robert Good and his wife, Brenda, is funding the program, the release stated. DMU Director of Marketing and Communications Denise Lamphier said in an email the university is not providing the gift amount at the request of the donors. The Goods said in the release DMU needs to give the students who will eventually be caring for Iowans and others the best start they can, and a way to do that is to ensure faculty have the best training and skills to pass onto their classes. 'Their generosity will ripple through future generations and help prepare the health care heroes our world so urgently needs, including rural physicians, groundbreaking researchers and compassionate therapists,' said DMU President Angela Walker Franklin in the release. 'This is more than a gift. It's a promise of hope and innovation. The entire DMU community is grateful to the Goods for believing in our mission and investing in its future.' SUPPORT: YOU MAKE OUR WORK POSSIBLE
