Brands
Sky City Mall sleighs Christmas by sharing cheer beyond shopping
MUMBAI: ’Tis the season to give and Sky City Mall decided to gift more than glitter. Mumbai’s newest lifestyle destination marked its first Christmas not just with twinkling décor, but with a day of laughter, music and memory-making for children from Shiksha Seva Foundation.
Launched earlier this year, Sky City Mall has quickly carved a place for itself on the city’s retail map. This festive season, it extended that momentum into a meaningful community moment by hosting a specially curated Christmas experience for the NGO’s students.
The mall’s central atrium was transformed into a full-blown festive playground, complete with a towering Christmas tree, a revolving reindeer carousel and a colourful hot-air-balloon photo installation. Adding to the cheer was a live performance by a 12-member Christmas choir, filling the space with carols and a shared sense of celebration.
The highlight of the day came at Timezone, where the children enjoyed an exclusive entertainment session packed with arcade games and interactive play. The visit wrapped up with a festive walkthrough of the mall’s installations, allowing the children to soak in the sights, sounds and spirit of Christmas in its most joyful form.
Speaking about the initiative Oberoi Realty CEO for MallsTanu Prasad said the mall was envisioned as more than a retail address. “As we celebrate our first Christmas, it was important to reflect on the true meaning of the season. Sharing joy and creating moments of happiness is central to what Sky City Mall stands for,” he said.
By putting people before purchases, Sky City Mall turned Christmas décor into a deeper statement that the season shines brightest when it’s shared.
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.
