MAM
Ricoh comes on board Aircel Chennai Open 2012
MUMBAI: Ricoh, a technology company specialising in the office and production printing markets has announced its association with the Aircel Chennai Open 2012 as an official sponsor.
The tournament will be held from 2 – 8 January, 2012 and will see in action a line-up of Indian and international players including world number 9 Janko Tipsarevic and world number 10 Nicolas Almagro, Somdev Devvarman, Rohan Bopanna and Mahesh Bhupathi, among others.
Ricoh has had a strong relationship with the sport of Tennis, they are an Official Partner of the Barclays ATP World Tour Finals and they also sponsor a host of other ATP Tour events, hence the association with India‘s only and South Asia‘s premier ATP World Tour tennis event is an exciting development and testament to the stature of the tournament. At Aircel Chennai Open, Ricoh will offer printing and copying services and aid the seamless conduct of the tournament.
Ricoh Asia Pacific MD Majima Nobuaki said, “The ATP is the region‘s elite tennis arena and this partnership reflects our continued commitment and dedication to going beyond simply streamlining the document processes at the events we sponsor to make them work more efficiently and effectively while supporting efforts to promote and further enhance our brand values.”
IMG Worldwide head of tennis Fernando Soler added, “It is a pleasure to have Ricoh on board as a sponsor for the Aircel Chennai Open. While the tournament, in its 17th year in India and 16th in Chennai, has become the definitive ATP World Tour event in South Asia, the support from global corporations such as Ricoh is a testimonial for it and for the growing popularity of the game in India.”
Brands
Nykaa eyes majority stake in Deepika Padukone’s 82°E brand
Deal could help scale premium label as Nykaa sharpens its beauty play
MUMBAI: Nykaa is in advanced discussions to acquire a majority stake in 82°E, the premium skincare label founded by Deepika Padukone, according to media reports.
The proposed deal signals Nykaa’s intent to deepen its House of Nykaa portfolio while giving 82°E the scale it has struggled to achieve independently. Padukone is expected to retain a minority stake if the transaction goes through.
For Nykaa, the play is both strategic and timely. With a customer base of over 42 million, the company is betting on its strong distribution, logistics, and repeat purchase ecosystem to revive the brand’s momentum. The two sides already share a working relationship, with Padukone serving as Nykaa’s global brand ambassador since September 2025.
Launched in late 2022, 82°E entered the market with a premium positioning but has faced headwinds. The brand reported revenue of Rs 14.7 crore in FY25, down 30 per cent year on year, alongside losses of Rs 12.26 crore. Industry observers have pointed to steep pricing, a somewhat diffused brand identity, and intense competition from digital-first labels as key challenges.
The potential acquisition also reflects a broader shift in India’s beauty and lifestyle space, where celebrity-led brands are increasingly partnering with larger corporates to unlock scale. Alia Bhatt’s Ed-a-Mamma, for instance, sold a majority stake to Reliance Retail, while Katrina Kaif’s Kay Beauty has emerged as a standout success within Nykaa’s portfolio, clocking Rs 132.4 crore in FY25 revenue.
Nykaa itself has been on a strong growth trajectory. Its parent, FSN E-Commerce Ventures, reported a 156 per cent jump in net profit to Rs 68 crore in the December 2025 quarter, with revenue reaching Rs 2,873 crore.
Nykaa has been steadily building its portfolio through acquisitions such as Dot & Key, Earth Rhythm and Nudge Wellness, signalling a clear push to own and scale homegrown brands.
If the 82°E deal materialises, it could mark a fresh chapter for the label, blending celebrity appeal with corporate muscle. For Nykaa, it is another calculated step in staying ahead in an increasingly crowded beauty aisle.
