Brands
Michael Kors announces Yang Zi as APAC brand ambassador
Mumbai: Michael Kors has announced Chinese actress Yang Zi as its newest APAC brand ambassador. The award-winning actress was captured by the brand for fall wearing the season’s coveted Jordi and Colby bags.
“I really appreciate the style of Michael Kors. It always allows me to find a fun balance between everyday wear and modern glamour,” says Yang Zi. “I’m honored to be a part of the Michael Kors family, and I look forward to embarking on this exciting new journey together!”
Yang Zi’s talent and dedication have earned her a global fanbase. As per the release, with her ability to take on diverse roles confidently, she is an ideal fit for the Michael Kors brand.
“The energy and style that Yang Zi brings to a global audience is truly one of a kind,” says designer Michael Kors. “We are excited to welcome her to the Michael Kors family.”
New styles from Fall 2024 Michael Kors are now available online and at Michael Kors stores worldwide.
Brands
Devyani International Ltd plans three-subsidiary merger to streamline operations
QSR operator moves to streamline structure and unlock operational synergies
Devyani International is tightening its corporate kitchen. The quick-service restaurant operator has approved a scheme to merge three subsidiaries—Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery—into the parent company in a bid to simplify its structure and sharpen operational efficiency.
The decision was cleared at a board meeting on March 10 and disclosed in a regulatory filing to the stock exchanges. The merger will take effect from April 1, 2025, subject to statutory approvals.
All three transferor companies are direct or indirect wholly owned subsidiaries, meaning no fresh shares will be issued and the shareholding pattern of Devyani International will remain unchanged once the scheme is completed.
The subsidiaries together operate more than 100 outlets—including dine-in restaurants and cloud kitchens, spread across over 40 cities such as Delhi NCR, Mumbai, Kolkata and Bengaluru.
Devyani International, the largest franchisee of Yum Brands in India, said the consolidation is aimed at generating operational synergies, optimising resource utilisation and reducing layers within the corporate structure.
Financially, the move brings together businesses of varying scale. As of March 31, 2025, Devyani International reported a net worth of Rs 10,381.02 million and turnover of Rs 33,493.33 million. Sky Gate Hospitality posted a net worth of Rs 761.14 million with turnover of Rs 2,657.57 million, while Blackvelvet Hospitality and Say Chefs Eatery reported smaller operations and negative net worth.
The merger will consolidate these operations under a single corporate umbrella as the company sharpens its focus on scale and efficiency.
Devyani International currently runs more than 2,000 outlets across over 280 cities in India, Nigeria, Nepal and Thailand. Its portfolio includes franchise rights for brands such as Pizza Hut, KFC, Costa Coffee, Tea Live, New York Fries and Sanook Kitchen, alongside its own food brands.
With the paperwork underway and approvals pending, Devyani is essentially clearing the corporate clutter—turning three subsidiaries into one tighter, leaner operation. In the QSR world, even the back office needs a spring clean.
