Categories
PressReleases

Welspun like a Eyptian

One of Target’s vendors, Welspun Global Brands (Welspun), was one of the producers of Egyptian Cotton 500-thread count sheets under the Fieldcrest label for Target. After an extensive investigation, we recently confirmed that Welspun substituted another type of non-Egyptian cotton when producing these sheets between August 2014 and July 2016. Neither Target nor Fieldcrest had any knowledge of this substitution. These sheets were produced by a number of vendors and only one of those vendors was substituting product. This was a clear violation of both Target’s Code of Conduct and our Standards of Vendor Engagement, and was contrary to the high ethical standards to which we hold ourselves, and our vendors.

As soon as our investigation confirmed the substitution, we pulled all remaining product from Target stores and Target.com. On August 19, 2016, we began reaching out to all REDcard and Target.com guests who purchased the sheets between August 2014 and July 2016 and offered them a full refund. We are reassuring our guests that this is not an issue of safety and there is no risk in continuing to use this product. Any guests who purchased the products from Target during that timeframe may submit this web form to request a refund in the form of a gift card. 

We have informed Welspun that, due to this conduct, we are in the process of terminating our relationship with them.

We value the trust that our guests place in us. The Target team will continue to work closely with all vendors to help ensure that the products we offer to our guests meet or exceed their expectations.-from Target’s Press Release

Categories
CoatTailing

Portfolio of Akhil Dhawan

This post is in continuation of my coat tailing series (see here)

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Akhil Dhawan is a well known investor in the Indian Markets.

His significant holdings in India as on 30 June,2016 as per Stock Exchanges is given below

Company Name Symbol Entity Date End # of Shares % Value (In Crores)
Greenlam Industries Limited GREENLAM AKHIL DHAWAN 201606 546612 2.26 38.97
JB Chemicals & Pharmaceuticals Limited JBCHEPHARM AKHIL DHAWAN 201606 1322650 1.56 36.51
Categories
Cartoon

Beach Property

Beach house - underwater
“Someday, son, this will all be yours—and underwater.”

Categories
Links

Linkfest: August 22, 2016

Some stuff I am reading today morning:

New RBI governor Urjit Patel’s profile (Money Control)

The economics of Urjit Patel (Mint)

Why NCDs make a compelling investing case (ET)

Some banks are back from hell (Tamal)

Mid-cap stock picks of Sandip Sabharwal (RJ)

Why no one trusts China’s markets (Bloomberg)

How a 30 something couple got rich (CBC)

How to “crash proof” your portfolio (DR)

Bumping against my upper cash limit (Aleph)

3 essential points every investor should understand (TRB)

Categories
Links

Weekend Mega Linkfest: August 19,2016

Some off beat reads for the weekend:

From Rohtak to Rio (Quint)

How Karnataka CM Siddharamaiah saved his chair (Gossip Guru)

Split in Royal Indian Navy in 1947 had serious repercussions (Swarajya)

How imperfections can bring down Michaelangelo’s David (NYTimes)

The search for the Nazi Gold Train (Smithsonian)

The story of Gilgit Baltistan (IE)

The era of ‘The Bitch’ is coming (Atlantic)

The blind man who taught himself to see (Men’s Journal)

The Detectives who never forget a face (New Yorker)

The Conspiracy that brought Putin to power (GQ)

Who are our heroes and role models? (FF)

Travelogue:To Pondicherry in a Thar (TeamBHP)

Aam Aadmi Party indulges in ‘Internet Shaming’ (Scroll)

Movie Review: Kismath (Wire)

9 heart warming Raksha Bhandhan ads (BI)