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After around eight years of starting its India operations, Italian chocolate maker Ferrero has posted revenues of Rs 929 crore from September to March 2015. It was from August 2014 that the Kinder Joy maker had changed its accounting year. These profits have left behind Nestle's chocolate division, which posted revenue of Rs 1,110 crore from January to December 2015. 
 
On the other hand, Mondelez, which sells Cadbury chocolates and leads the chocolate segment, has annual revenues of over Rs 6,500 core. 
 Three years ago, Nestle's chocolate business in the country had three times more revenue than <keyword id="1647733" type="UNKNOWN" weightage="100" keywordseo="Ferrero-India">Ferrero India</keyword>. 
 
As per experts, it was because of diversification offered by Ferrero that this feat was possible to achieve. "Brands like Ferrero with no historic baggage has discovered and led the top down approach of premiumising through innovation versus old school thinking of focusing mainly on low priced products. Ferrero has shown that there is a large markeven at the top end," Devendra Chawla, president - FMCG and Brands at Future Group, told <a href="http://economictimes.indiatimes.com/industry/cons-products/food/ferrero-overtakes-nestle-in-india-chocolate-revenues/articleshow/53089798.cms">ET</a>. 
 
Another reason behind Ferrero’s success could be the huge amounts that it has invested or plans to invest in the country’s chocolate segment. As per latest regulatory filings, it will be investing Rs 375 crore here, while doubling its authorised capital to Rs 1500 crore. 
 
<a href="http://ferrerochocolates.com.au/assets/uploads/images/High_Resolution_GFR_landscape_large.jpg">Image source</a>

Ferrero India registers more revenues than Nestle

KitKat isn’t the choice of ‘sweet treat’ people in India are indulging in any longer. The ‘chocolate’ market in the country has gone through a sea change, which has left Nestle, the manufacturer of the brand KitKat and the leader in the market so far, rather worried. Rival <keyword id="401250" type="PERSON" weightage="60" keywordseo="Ferrero">Ferrero</keyword>’s little bundles of joy packed in toy shaped Kinder have grown rapidly in just 7 years after entering India. According to a news report by The Economic Times, the rising popularity of <keyword id="984503" type="PERSON" weightage="60" keywordseo="nutella">Nutella</keyword> chocolate-hazelnut spread, Ferrero Rocher chocolates, <keyword id="1647736" type="PERSON" weightage="60" keywordseo="Kinder-Joy">Kinder Joy</keyword> and Tic Tac breath mints among all segments of people has aided in shooting up Ferrero India's sales by 76% to Rs 1,014 crores in the year ended in August 2014. 
 
Though Nestle hasn’t declared annual segment-wise performance for 2014, but a company investor presentation shows a dip of 2.3% to Rs 830 crore in the January-September period proves the company is seeing red in its concrete Indian market. Nestle's chocolate division, which sells Kit-Kat and Munch among other brands, had revenues of Rs 1,286 crore in calendar 2013. 
 Moreover, <keyword id="6399124" type="CITY" weightage="80" keywordseo="Cadbury">Cadbury</keyword>’s lion’s share of the chocolate market has remained intact at 65%, Nestle with a market share of 16% is alarmingly losing ground to Ferrero’s 12% reign on the market. Experts have told the ET that this is largely because of the firm's differentiation strategy at a time when most consumers have been cutting discretionary spending, including on chocolates. 
 
"There is no slowdown for differentiated and innovative products as consumers always seek a better experience. All products of Ferrero are so differentiated that none of the rivals come close to their brands, be it Nutella, Kinder Joy or Rocher," said Devendra Chawla, president, food and FMCG business for Future Group, which runs retail chains and says it's Ferrero's largest buyer in India. 
 
"The company has capitalised the most on the India story of premiumisation without sacrificing on the quality or innovation funnel, which has translated into heady growth numbers." For instance, Tic Tac has made its way into stationery shops and not just conventional paan or kirana stores, while premium Rocher chocolate packs were available at small neighbourhood stores that usually stock low-priced items, although this strategy is changing now. The ET report says, the company has been withdrawing Ferrero Rocher from kirana stores because of inadequate storage facilities, especially in summer. 
 
The company's aggression is set to intensify - it has raised the borrowing limit to Rs 2,500 crore, signalling its intention to invest in distribution and manufacturing expansion. 
 
This comes as the Indian chocolates segment, which grew at a heady pace in the 2005-12 periods, has been flagging. The report by the financial daily reveals, there was an 8% slump in chocolate sales in November-December last year, much sharper than the 2% decline in September-October. 
 
As per the latest Euromonitor data, chocolates with toys recorded the fastest value growth of 28% in 2014, mainly due to the category's small base and rising popularity among children.Ferrero’s egg-sized kinder has earned a profit of Rs 12 lakh against a loss of Rs 195.92 crore in the year before. 
 
(Image: Reuters)

This relatively smaller company has seriously threatened Nestle’s empire in India

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Getty Images / Geri Lavrov</div></div></div><ul><li><a href="https://markets.businessinsider.com/stocks/k-stock">Kellogg</a> agreed to sell its Keebler and Famous Amos brands, as well as its fruit snacks business, to Ferrero for $1.3 billion.</li><li>The deal is expected to close by the end of July, the companies said in a statement on Monday.</li><li>Watch <a href="https://markets.businessinsider.com/stocks/k-stock">Kellogg</a> trade live. </li></ul>Kellogg agreed on Monday to sell a collection of businesses to Italian chocolate maker Ferrero for $1.3 billion, according to a <a href="https://investor.kelloggs.com/file/Index?KeyFile=397319209">statement from the company</a>.The businesses include Keebler, Famous Amos, and several smaller ones, which include fruit snacks and cookies manufactured for Girl Scouts of the USA. The businesses had total net sales of nearly $900 million and operating profit of approximately $75 million for 2018, implying a multiple of over 17 times pre-tax earnings."This divestiture is yet another action we have taken to reshape and focus our portfolio, which will lead to reduced complexity, more targeted investment, and better growth," Steve Cahillane, Kellogg's chairman and chief executive officer, said in the statement.He continued: "Divesting these great brands wasn't an easy decision, but we are pleased that they are transitioning to an outstanding company with a portfolio in which they will receive the focus and resources to grow." The deal comes amid Ferrero's aggressive expansion into the US over the past few years. While the privately held company first bought Tic Tac mints in 1969, it has stepped up its expansion plans with purchases of Ferrara Candy Company for $1 billion and Nestle's candy business - which includes Crunch and Butterfinger chocolate bars - for $2.8 billion.Kellogg, on the other hand, has been paring back its businesses as consumer tastes shift away from sugar-based cereals. The company has also moved toward private-label products. The company's 2018 sales of $13.5 billion are down nearly 10% from a peak in 2013. Kellog was up 1% in pre-market trading and is up 2% year to date.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Business Insider</div></div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/2019-market-outlook-john-rogers-ariel-investments-on-fund-performance-whats-ahead-2019-3">The founder and CIO of $12 billion Ariel Investments breaks down how his top-ranked flagship fund has crushed its peers over the past 10 years</a></h3> <div> </div> </div>

Kellogg has agreed to sell its Keebler and Famous Amos businesses to Ferrero for $1.3 billion

Fast <keyword id="2842313" type="UNKNOWN" weightage="20" keywordseo="Expanding-Markets">Expanding Markets</keyword> (<keyword id="63066" type="ORGANIZATION" weightage="20" keywordseo="Fem">FEM</keyword>), as a new unit of measure, are micro economic indicators which demonstrate the health of a nano economy, based on an exponential acceleration, over a prolonged period of time. These indicators are often hidden in the nuances of macro economic and regression analysis, as we have been doing, in the good old way of thinking where business opportunities are located. It is by looking at our current society in India, that we remind ourselves that Indians traditionally and culturally are known to have a sweet tooth. In the festival of Diwali, probably the biggest festival in the Indian calendar, a long-standing tradition is one of exchanging mithai, the Hindi word for sweets. 
 
Globalization may mean macro changes and yet the micro changes may have macro effects. In more recent times, the traditional mithai shops have taken a hit; Indians seem to be showing a departure in taste palates in favour of the more modern, neatly packed chocolate boxes. These sugary delights especially packaged for Diwali are available anywhere, in the price range of USD 1.5 to USD 100 and more, form the affordable to for the affluent. 
 While <keyword id="35050" type="CITY" weightage="20" keywordseo="gdp">GDP</keyword> rates in India have taken a hit in the last three years, and the current budget demonstrates even more concern on the ability to stick to a growing curve, or at least maintaining curve. But while the GDP dilemma is keeping policy makers awake at night, there is one industry, relatively new in its current scale, which is booming, and the growth story is far from complete. 
 
To put things in perspective, the chocolate industry is growing at a rate of nearly 3x that of GDP. Such spiralling high growth rates lead us to believe that the chocolate industry may in fact be a good example of FEM. 
 
Outline India, a research start-up focusing on field data collection within the socio–economic domain, took on this study under their guidance to explore if this was indeed the case, and the result can be summarized in the below infographics. 
 
 
 
India’s current chocolate consumption pattern suggests very low per capita levels of around 1.2 owing to few traditional players and high import tariffs on import of chocolates. This however, leaves ample scope in terms of change in domestic production and consumption rates. To bolster this argument, India’s hot and humid climate is conducive to cocoa production, key to the chocolate industry. As of 2011, India is also the largest milk producer in the world. With the middle class growing, average incomes rising and information asymmetry levels going down, consumers are more aware than ever before, about available choices to them. With more cultural exposure and an urge to appear more western in terms of behaviour and at par with the international consumer, levels of chocolate consumptions are rising, especially among urban Indians. Also cited are health reasons that favour chocolates over the more the more traditional Indian sweets. A majority of these savouries, house a higher number of calories and shorter shelf lives. No longer is chocolate considered a ‘luxury item’ or one meant only for ‘special occasions’. 
 
In terms of what may prove to be a dampener? On the supply side, there have been numerous hurdles; the most important being bad connectivity and infrastructure. As a solution, a majority of the chocolate factories sprung up on the outskirts of big city centres, which were also best entry points for producers. A keen effort is being made to improve supply side channels to ease distribution. For instance, breaking away from the traditional supermarkets and discount stores, the big names such as Ferrero Rocher and Mars are trying to integrate into the lives of the upper middle class Indians by becoming available at the more accessible and approachable grocery stores. Local producers like <keyword id="29464" type="PERSON" weightage="20" keywordseo="Parle">Parle</keyword> and <keyword id="6357073" type="ORGANIZATION" weightage="20" keywordseo="ITC">ITC</keyword> with expansive distribution network are targeting the lower middle class as well, with a wider range of offerings via their pre-existing mom and pop stores or Kirana shops distribution networks. 
 
While the chocolate industry grows at 15% annually, projections put the expected market size at USD 2.8 billion by 2015 and USD 3.2 billion by 2018. 
Current market penetration rates are as low as 6 to 7 % at household level and about 22% in cities. This leaves scope for much change. 
 
One of the best known ad campaigns in the industry by Cadbury read, “Khane ke baad kuch mitha ho jaaye” which translates to Grab something sweet after a meal, only this time, the company was pitching a chocolate, breaking into and away from the traditional Indian household mindset which correlates sweet with mithai. The big guns are going the extra mile to suit the Indian consumer; <keyword id="75190" type="CITY" weightage="20" keywordseo="Nestle">Nestle</keyword> for instance launched a sweeter version of dark chocolate in India. Kraft is looking to invest USD 400 million for cocoa production in India in this decade. GDP may not be the brightest piece of headlines in these days, but while the macro arena gets engaged on issues of aggregate nature, there are small, powerful and fast moving markets, which are creating an entirely new “indian” concept of growth. 
 
((Dr. Amit Kapoor is President and CEO of <keyword id="2773756" type="UNKNOWN" weightage="20" keywordseo="India-Council-on-Competitiveness-and-Honorary">India Council on Competitiveness and Honorary</keyword> Chairman of Institute for Competitiveness, India. He tweets @kautiliya and can be contacted at <a href="mailto:amit.kapoor@competitiveness.in">amit.kapoor@competitiveness.in</a>. The piece is co-authored with <keyword id="2842315" type="UNKNOWN" weightage="20" keywordseo="Mark-Esposito">Mark Esposito</keyword> and <keyword id="2842314" type="UNKNOWN" weightage="20" keywordseo="Terence-Tse">Terence Tse</keyword>)

Fast Expanding Markets in India

<ul class="summary-list"><li>The palm oil industry in Southeast Asia is dependent on <keyword id="185859" type="PERSON" weightage="60" keywordseo="child-labor">child labor</keyword>, according to a study conducted by AP.</li><li>Popular Western <keyword id="15004" type="CITY" weightage="60" keywordseo="Snacks">snacks</keyword> are made with the oil, like cookies and ice cream.</li><li>Products from household brands like Kellogg's and Nestle use the oil, as well as Ferrero, which produces <keyword id="1605734" type="PERSON" weightage="60" keywordseo="girl-scout-cookies">Girl Scout Cookies</keyword>.</li><li>The children have to move wheelbarrows that outweigh them, and prune and weed trees without wearing shoes while being exposed to fertilizers and pesticides as they work. </li></ul>A <a href="https://apnews.com/article/palm-oil-forests-indonesia-scouts-83b01f2789e9489569960da63b2741c4">study conducted by AP</a> uncovered child labor in Indonesia and Malaysia is being used to make popular Western snacks, including Girl Scout Cookies.Palm oil is a common ingredient in countless Western snacks, such as cookies and ice cream. Palm oil often causes environmental damage when it's harvested, but <a href="https://www.businessinsider.com/why-palm-oil-is-so-cheap-2019-11">sustainable versions of the oil have become more popular</a> in recent years.Although child labor is often swept under the rug as children simply accompanying their parents to work, in reality, it's an integral part of the $65 billion palm oil industry, as AP's study said.Children perform a variety of tasks to harvest palm oil, including pruning and weeding trees with no shoes on and moving wheelbarrows full of fruit that are more than twice their body weight, the study noted.Some children do just come with their parents to work because of a lack of accessible daycare, but even then, they are exposed to pesticides and fertilizers that are illegal in other countries, putting them in danger, according to <a href="https://apnews.com/article/palm-oil-forests-indonesia-scouts-83b01f2789e9489569960da63b2741c4">AP's report</a>.<div type="image" title="child labor ap" height="1333" width="1778" msid="80078261" hostid="261"></div>Even worse, a whole family may earn less than the $5 a box of Girl Scout Cookies costs after working for a full day, according to AP's report.Using records for US customs and data from those involved in the palm industry, including buyers, traders, and producers, AP traced the children's labor to the products they make. The study found that the child labor is used in products sold by household names in the US, including Kellogg's, Nestle, Unilever, PepsiCo, and Ferrero, which makes Girl Scout Cookies.<div type="image" title="girl scout cookies thin mints" height="1332" width="1776" msid="80078262" hostid="261"></div>Girl Scout Cookies have "certified sustainable" labels on their products, but its cookies actually contain "mixed" palm oil, which means they're made with a blend of sustainable and unsustainable oil, according to AP's report.The Girl Scouts prides itself on being an empowering organization for girls, but some of its members feel its use of products that hurt the environment and take advantage of children go against that messaging, according to AP's investigation. For instance when Olivia Chaffin, a Tennessee-based Girl Scout, realized what was actually in the cookies she was selling, she started writing letters to the leader of Girl Scouts of the USA to get more information about how the company sources its palm oil for its cookies, according to AP.AP also reported that Chaffin and her troop members have stopped selling the cookies since her discovery, and Chaffin started a petition to remove the oil.<div type="image" title="olivia chaffin" height="1332" width="1776" msid="80078263" hostid="261"></div>"I thought Girl Scouts was supposed to be about making the world a better place," Chaffin told AP. "But this isn't at all making the world better."Ferrero released a <a href="https://www.ferrero.com/news/">"Supply Chain Transparency" memo</a> in December regarding the use of palm oil in its products, which says that it works to "secure a 100% deforestation-free, and exploitation-free palm oil supply chain."The memo goes on to say that the company will also be working to identify and correct any issues with its suppliers, noting that Ferrero is willing to cut ties with any suppliers that don't change their workflow when problems are identified."If these actions are not carried out by our suppliers accordingly, Ferrero will take the necessary measures, including the termination of the business relationship," the memo states.Insider reached out to Kellogg's, Nestle, Unilever, PepsiCo, Ferrero, and the Girl Scouts for comment on this story. <ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/why-palm-oil-is-so-cheap-2019-11">Why palm oil is so cheap</a></li><li><a href="https://www.insider.com/soldier-teenager-charged-after-20-year-old-corporal-killing-2021-1">A soldier and a 16-year-old have been charged with kidnapping and killing a 20-year-old corporal whose body was found partially buried in New Jersey snow</a></li><li><a href="https://www.insider.com/france-illegal-rave-new-years-arrests-national-curfew-2021-1">More than 2,500 people gathered for an illegal, 2-day rave in France to celebrate New Year's</a></li><li><a href="https://www.insider.com/busy-phillips-birdie-is-gay-uses-they-them-pronouns-2021-1">Busy Philipps announced her 12-year-old child Birdie is gay and uses they/them pronouns</a></li></ul>

Girl Scout Cookies contain palm oil sourced using child labor, new study reveals

Food and beverages players are meeting on December 31 to mull over the policy on stopping all <keyword id="3956193" type="UNKNOWN" weightage="100" keywordseo="Advertisements-of-food-products">advertisements of food products</keyword> catering to children younger than 12. This move can change the way some biggest players in the industry advertise their products. 
 
This move is planned is in line with a pledge by the Food and Beverage Alliance of India (FBAI) under the aegis of a global self-regulatory alliance of foods and beverage companies. 
 <keyword id="3956194" type="UNKNOWN" weightage="100" keywordseo="FBAI-members">FBAI members</keyword> include Coca-Cola, Pepsi-Co, Kellogg, Mars-Wrigley, Nestle, Ferrero, HUL and Mondelez India. 
 
“FBAI members will not engage in food or beverage marketing aimed at children in primary schools. The policy covers food and beverage product marketing communications that are primarily directed to children below 12 years of age, in all covered media. The association will publish periodic reports to demonstrate compliance with this policy. The policy will be applicable to all members by December 31, 2016.” according to the pledge. 
 
Mondelez India, which makes Cadbury Dairy Milk and Gems chocolates, said the company no longer advertises its products directly to children under 12, irrespective of nutritional profile. 
 
“This approach is global and applies to every market where we do business, including India. We continue to be actively involved and support local, regional and global marketing to children pledge programmes and other self-regulatory efforts,” a spokesperson told ET. 
 
“The FBAI Common Nutrition Criteria (CNC), which is the basis of the updated India Pledge signed on July 1, 2016, are a set of sciencebased guidelines developed in India that follow the work undertaken by the EU, Singapore, USA Pledge Groups and International Choices Programme. As per FBAI, signatory companies will not advertise products that do not meet the nutrition guidelines to children under the age of 12 years and this updated India pledge becomes effective from December 31, 2016,” a Nestle spokesperson said. 
 
At a global scale, foods makers have come under attack from health activists and governments for not doing enough to protect children from fat, sugar and salt-laden packaged foods. 
 
Coca-Cola has done away with the cartoon characters it used to promote orange fizzy drink Fanta. A company spokesperson said it has made a global commitment to market products responsibly. 
 
“As a result, we do not buy advertising directly targeted at audiences that are more than 35% children under the age of 12,” the person said. “Our commercial practices are aligned with business goals and we conform to a responsible marketing policy in every market we operate in,” he told ET. 
 
Mars-Wrigley, Ferrero and Kellogg have been working in recent months to alter their ads. “Kellogg India will abide by its global policy of responsible communication to children and ensure that the products offered to children will meet with the Kellogg Global Nutrient Criteria,” a spokesperson said. 
 
A spokesperson for confectionery maker Wrigley India, a unit of chocolate giant Mars Inc, said all advertising for Boomer gums, its largest brand in India, has moved away from targeting children in recent months. “We are doing the same for each of our other brands and new advertising for other brands will not be aimed at children,” the spokesperson said. 
 
(Image Credits: YouTube)

No more food and beverages ads aimed at children, here’s why

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/Mike Blake</div></div></div>Google is promising that real people will screen all YouTube videos that may potentially carry ads for its top spending marketers. The vetting is for Google Preferred, the company's four-year-old ad offering that enables marketers to run ads only in the top 5% of YouTube channels in terms of popularity.The human-labor-intensive promise is the latest response by the Alphabet-owned video giant to the <a href="http://www.businessinsider.com/google-facebook-broke-promise-to-advertisers-2017-12">non-stop noise regarding digital advertising and 'brand safety.'</a> It will take effect by mid February in the US and mid March for the rest of the world.To read more about Google's move, <a href="http://www.businessinsider.com/google-is-promising-real-people-will-screen-youtube-videos-2018-1">click here.</a>In other news:<a href="http://www.businessinsider.com/kind-is-pulling-a-clever-marketing-stunt-to-mark-its-foray-into-a-brand-new-category-2018-1">Kind is sending out its competitors' products to 10,000 consumers in an edgy marketing stunt.</a> The stunt is to mark its foray into the protein bar category, which is the fastest-growing category within the energy and nutrition bar category as a whole.<a href="https://news.artnet.com/art-world/google-face-matching-art-app-1200335">Google's Arts &amp; Culture app has become the most downloaded app in Apple's App Store.</a> One feature, which is currently only available in the US, matches a person's face with famous paintings and has gone viral over the past two days.<a href="https://blog.lyft.com/posts/2018/1/16/remotely-request-rides-for-anyone-with-lyft-concierge">Ride-hailing service Lyft announced that it opened its Concierge service to organisations of all sizes.</a> The feature, first launched in 2016, allows businesses schedule rides for employees.<a href="http://www.businessinsider.com/mcdonalds-pledges-to-add-recycling-to-all-locations-2018-1">McDonald's is falling short on recycling in one massive way - here's how it's changing that fact.</a> The company plans to add recycling to its more than 36,000 locations around the world by 2025 and also says it is switching to packaging made with renewable, recycled, or certified materials.<a href="http://www.businessinsider.com/r-nestle-sells-us-candy-to-ferrero-amid-health-push-2018-1">Nestle sells US candy business as more consumers start to favor healthier snacks.</a> The company has agreed to sell its US candy business - which had been underperforming for several years - to Ferrero. <a href="http://www.businessinsider.com/youtube-star-gigi-gorgeous-interview-balance-fans-brands-2018-1">YouTube star Gigi Gorgeous talks about navigating her relationship with 2.7 million subscribers, and how her brand deals have changed.</a> She has seen a change in the way brands deal with YouTube stars, with both sides learning to compromise.<a href="http://www.businessinsider.com/why-shaq-turned-down-being-on-the-cover-of-a-wheaties-box-twice-2018-1">Why Shaq turned down being on the cover of a Wheaties box twice.</a> "I don't want to take your money if I'm not really in tune to what you're selling," he says.<a href="https://digiday.com/marketing/awesome-dynamic-influencer-marketing-gets-boost-facebook-changes/">The Facebook algorithm change that has publishers panicking may be good news for influencers and their followers, reports Digiday.</a> Agency buyers are telling clients to focus more on influencer content as engagement becomes a priority.<a href="http://www.glossy.co/platform-effect/phillip-picardi-to-lead-teen-vogue-following-difficult-work-environment-of-elaine-welteroth">Phillip Picardi will lead Teen Vogue after Elaine Welteroth's departure, Glossy reports.</a> Condé Nast announced Welteroth was stepping down in an internal memo to staff members last Thursday, coming just eight months after she was elevated to editor-in-chief and two months after the magazine decided to shutter its print edition.Follow us at <a href="http://read.bi/2eHPhLy">@BI_Corporate </a> to be among the first to hear about news and updates from Business Insider. Also, sign up for the <a href="http://read.bi/2uscrJP">Executive Summary</a> , a new biweekly newsletter that brings the latest marketing news, trends, and company updates straight to your inbox. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/how-tech-companies-will-be-players-in-live-sports-2018-1">How tech companies will be players in live sports</a></h3> <div> </div> </div>

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Ferrero India registers more revenues than Nestle

BI India Bureau

This relatively smaller company has seriously threatened Nestle’s empire in India

BI India Bureau

Kellogg has agreed to sell its Keebler and Famous Amos businesses to Ferrero for $1.3 billion

Arjun Reddy

Fast Expanding Markets in India

Amit Kapoor

Girl Scout Cookies contain palm oil sourced using child labor, new study reveals

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No more food and beverages ads aimed at children, here’s why

BI India Bureau

What you need to know in advertising today

Tanya Dua

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