Podcasts about movado group

Peter Cho is a Designer and Co-Founder of Jack Mason Brand watches. After moving from coast to coast in his youth, he earned his BFA in Product Design from Parsons School of Design in New York, New York and went on to work as a Designer at Movado Group in 2006. He moved to Dallas, Texas in 2010 to work as a Designer at Fossil and founded Jack Mason in 2015 to bring the world premium watches for enthusiasts of all levels. Peter now calls Dallas home. 

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Laurin Meyer über den neuen Lieblings-Minister der amerikanischen Börse, die nächste Wendung bei der Commerzbank und eine geplatzte Hoffnung im Kampf gegen Alzheimer. Außerdem geht es um Bitcoin, Amazon, Nvidia, Tesla, Hims&Hers, Cassava, Super Micro Computer, Zoom, Commerzbank, Unicredit, Macy's, Walmart, Target, PDD Holdings, Adidas, Nike, Tiffany&Co, Movado Group, Hugo Boss, Novo Nordisk, Eli Lilly, Constellation Energy, Curtiss, Paladin, Kansai, Uber, Lyft, Alphabet, AbbVie, Pfizer, Merck, Daiichi Sankyo, Cooper Companies, Xpeng, Harmonic Drive und Arm. Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter.[ Hier bei WELT.](https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html.) [Hier] (https://open.spotify.com/playlist/6zxjyJpTMunyYCY6F7vHK1?si=8f6cTnkEQnmSrlMU8Vo6uQ) findest Du die Samstagsfolgen Klassiker-Playlist auf Spotify! Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? [**Hier findest du alle Infos & Rabatte!**](https://linktr.ee/alles_auf_aktien) Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

"Everyone said that millennials were never going to buy watches," said Margot Grinberg, president of the Movado Brand and svp of e-commerce at its parent company Movado Group. The going theory was: "They don't need them to tell time, they had a phone; watches were dead after the cell phone came out." But that didn't happen. In fact, timepieces have never been more popular. According to a recent survey from the Boston Consulting Group, between 2021 and 2023, 54% of Gen Z and younger millennials increased their spending on luxury watches. Grinberg joined the Modern Retail Podcast and spoke about the state of higher-end watches, as well as its evolving marketing playbook. For her, it's a family affair as her grandfather founded the company. But even with its long history, Movado has been intently focused on attracting younger shoppers. Despite being over a century old, the watch brand -- which also works with top names like Coach, Tommy Hilfiger and Hugo Boss -- has been figuring out ways to introduce itself to younger shoppers. This has included a revamped logo, soon-to-be redesigned packaging as well as updated messaging. While the products have remained relatively consistent, Grinberg said what makes shoppers -- especially younger shoppers -- more amenable to higher-end brands is in messaging. "I think in today's world, a lot of it is about marketing and how you're communicating to customers," she said. The other part of the equation is being available on multiple channels. Movado's watches are sold in most any store that sells time pieces, but it's also available on marketplaces like Amazon as well as its own website. "There are so many new elements that you can offer consumers from an e-commerce experience that we didn't even have five, 10 years ago," Grinberg said.

Tune in for an engaging interview with Margot Grinberg, President of the Movado Brand and SVP of Ecomm for the Movado Group. Discover how Movado leverages data-driven strategies, personalized marketing, and a multi-channel approach to engage diverse consumer segments across its portfolio of brands. From luxury timepieces to cutting-edge designs, discover how Movado maintains innovation and fosters lasting customer relationships.

In a recently held earnings call on March 26, 2024, Movado Group shared their recent earnings report with investors. The company's CEO, Efraim Grinberg highlighted some of the challenges the group is facing within U.S and European distribution channels. Notably, he said, "While challenges remain in our distribution channels in the U.S. and Europe, we are focused on partnering with our customers to help them expand their business, build consumer demand, and increase market share across our brands." Further, he shared Movado's commitment to utilize their robust financial position to support upcoming marketing initiatives with an incremental investment of $25 million. The financial figures from Movado's recent sales paint a picture of challenges that the company faces in retaining its momentum in a competitive retail industry. Declining sales for the final quarter and the full fiscal year of 2024 were clearly evident. However, the group's strong financial health was reflected through their debt-free balance sheet and a substantial cash reserve of $262 million. In order to tackle these challenges, Movado Group has implemented innovative growth strategies focusing on amplified marketing efforts and brand development in key European markets. According to the company, these measures, together with an emphasis on revitalizing the Movado brand and introducing a fresh brand campaign, have resulted in a favorable impact on sales via the Movado.com platform. Responding to changing consumer behaviors, Movado Group acknowledges the influence of various macroeconomic factors such as post-COVID dynamics, inflation, and geopolitical unrest. The management intends to invest $25 million in marketing and brand promotion with a goal to stimulate growth and establish a larger market share. Looking forward to the year 2025, the group plans to boost its expenditures in marketing and brand building targeted mainly at their flagship brands including Movado, Tommy Hilfiger, Hugo Boss, Lacoste, and Coach. This approach, as stated by the company, is expected to improve marketing communications, introduce key product range, uplift conversion rates, and focus on targeted marketing campaigns, aiming towards continuous long-term growth and profitability. In conclusion, according to the information shared during the earnings call, Movado Group has a proactive plan to handle existing financial challenges through strategic investments in marketing and brand development. The company seems determined to restore growth in the coming year. However, it's important to note that the effectiveness of these strategies will be dictated by numerous variables including market conditions and consumer behavior. While Movado appears positioned for potential success, only time will truly reveal the future outcomes of its strategic initiatives. MOV Company info: https://finance.yahoo.com/quote/MOV/profile For more PSFK research : www.psfk.com  This email has been published and shared for the purpose of business research and is not intended as investment advice.

Margot started her career as an analyst at Barclays Investment Bank. She wasn't sure exactly what she wanted to do at that time, but she did know having a good financial base would help her no matter what path she chose. She has always had a passion for retail, and in 2014, she joined the family business as a merchandising analyst at Movado Group. Eventually, she moved into sales, then business development, and most recently, she spent 4.5 years as the Vice President of E-Commerce, Digital Marketing and Marketplaces. All of these roles helped develop her understanding of the category and company and prepared her for her current role as president of the Movado brand and senior vice president of e-commerce. Today, she is responsible for the day-to-day management of the brand as well as the development and execution of long- and short-term growth strategies. In addition to managing Movado marketing and merchandising, Margot maintains responsibility for e-commerce sales for Movado, MCS, Olivia Burton, and Amazon North America.Movado Group is a watch and jewelry company made up of brands they own and also brands they license. Movado, their namesake brand, was founded in 1881 in Switzerland by a 19-year-old entrepreneur. Movado Group was founded by Margot's grandfather, Gedalio Grinberg, and is currently run by her father, Efraim Grinberg, the chairman and CEO. Margot tells us her family connection gives her the passion and inspiration she channels back into the company.In this episode, Alan and Margot discuss her professional path, her passion for pasta, and the legacy of Movado Group. They talk about her transition from investment banking into the “family business," the market for accessories, and where e-commerce is going. Margot tells us the retail environment is a challenge, and not just for accessories but across the board. To overcome these challenges, Margot and her team have taken a step back to think about how they can build on their longstanding good reputation and credibility in the industry to bring their brand promise to the next generation of consumers and build long-term relationships with them. One way they are doing that is with campaigns like “connecting the dots,” where they looked at everything that has defined Movado over the years, how they have evolved, and how they show up today to figure out how to communicate their brand promise most effectively.In this episode, you'll learn:The history of Movado and the family businessMovado's new “connecting the dots” campaignHow Margot and her team are building brand loyaltyKey Highlights:[01:50] Margot's pasta obsession[03:15] Movado's history[05:05] Working her way up through the ranks[07:50] Lessons from investment banking[08:50] Taking on the “family business"[10:40] The marketplace for accessories[11:40] Reaching customers[13:00] Owning where they have been and where they are going[13:55] “Connecting the dots”[15:20] Challenges of launching a new campaign[16:00] CSR at Movado[18:12] To be a young, successful female executive[20:40] Losing her mother at 9 shapes who she is today.[22:20] Flexible, adaptable, and open to change[23:30] How do you build brand loyalty?[25:00] Balancing using measurement and instincts[25:55] Marketing lessons from travel[27:00] How do you think about longevity in your company?Looking for more?Visit our website for the full show notes, links to resources mentioned in this episode, and ways to connect with the guest! Become a member today and listen ad-free, visit https://plus.acast.com/s/marketingtoday. Hosted on Acast. See acast.com/privacy for more information.

On Today’s Episode we have founder & CEO of MVMT, Jake Kassan. We jump right into his big wins & losses in e-commerce as a teen, all the way up to his $100 Million+ exit to Movado Group. We do in depth about different digital marketing strategies, the importance of understanding your consumer, how to develop a great team, and why he chose, a new Space piece, "Dreams Rise Fears Fall" as his favorite IKONICK piece.

Hello our beautiful friends! Today we have a very interesting conversation with Jake Kassan, a young passionate Californian entrepreneur who co-founded a very successful and internationally loved brand – MVMT Watches. Since early age, Jake was passionate about living the life of financial freedom. Today, he tells us his unique entrepreneurial journey and shares his business lessons. Full show notes: https://www.ikonns.com/podcast/62 Jake's father was an entrepreneur – and it made him eager to learn how to make money. At the age of 10, Jake already knew he wanted to be successful and live the life where money couldn't dictate him what he needed to do. That's why Jake started his entrepreneurial journey so young.    “School system is designed not to make you an entrepreneur, but to make you an employee.” – Alex Ikonn   When Jake was 12 years old, he sold the lollipops and made between $300 and $400 in a couple weeks. At the age of 17, Jake launched his first business selling novelty T-shirts that included a microphone and lights, definitely a hit at night-club party scene in California. He then started an e-commerce business, NiteLifeDesigns.com, which he promoted successfully by making YouTube videos. At its peak, Nite Life Designs made $10,000 a week.   Jake dropped out of college when he was 19. Together with Kramer LaPlante, two brimming entrepreneurs launched MVMT Watches in June of 2013 with $300,000 they raised through two Indiegogo crowdfunding campaigns. Soon the Los Angeles-based start-up evolved into a huge success. And Jake did expect that success, because he believed in their product.   “My life philosophy is better to try and explore opportunities than look back and regret” – Jake Kassan   Navigating towards the right way using innovative marketing strategies and data driven thinking, MVMT quickly established itself as a lifestyle watch microbrand with a powerful online presence. Jake and Kramer were able to found a niche by advertising their product heavily on social media.In 2018, Movado Group (also known for selling Lacoste, Tommy Hilfiger and Hugo Boss) purchased the company for $100 million.   Before MVMT Watches launched, Jake was a 21 year old college dropout with more than $20,000 worth of debt to his name from previous business ventures. By achieving intense success he always wanted to achieve, Jake demonstrates –once again– that regardless of age, financials, circumstances, and even regardless of formal education, hard work, determination and strong belief always pays off, as long as you continue the hustle and are able to enjoy the process. Here are some tips to young entrepreneurs starting out right now: Try new things, and even if you fail, you can always learn from that. Before starting your own business, try to find a job or mentors who work in the industry you want to get into. In the early stages, you can find a place to work that you really believe in, where you can feel fulfilled by building something with a team. Talk to people –like CEOs, early employees, entrepreneurs, inspirational leaders– and learn from them. Educate yourself: there is so much information you can find useful. Decide why do you want to become an entrepreneur. Hope you enjoyed this week's episode with Jake, you can find out more about him here:   Jake's Instagram Jake's Website

Today we’re getting an inside look at MVMT’s office in Playa Vista, CA with their Brand Director Blake Pinsker aka "Blakey P" for Episode 4 of What They DON’T See.  Originally from Valencia, CA, Blake got a message from MVMT’s Co-Founder Jake Kassan (Ep 113) with an opportunity to help build this watch brand from the ground up in 2013. Having just recently graduated from San Diego State University and bouncing from job to job, he jumped on the opportunity and went all in. One of their early brand building strategies was to work with creatives that lived their philosophy of living life on your own terms. They’ve built some incredible relationships with content creators Sam Kolder, That One Blond Kid (Ep 71), Matt Komo (Ep 105), Jacob Riglin (Ep 108), Rory Kramer (Ep 110) and more. Fast forward to August of 2018, MVMT announced they were to be acquired by Movado Group for $100 Million. Today they now offer eyewear and jewelry for both guys & gals.  To learn more about Blake’s story, check out Episode 87 - Finding The Right People of this podcast. - If you enjoy this podcast, please leave us a 1 sentence review on the iTunes Podcast App with your honest feedback OR screenshot this Episode, post it to your Instagram Story tagging @BlakeyyyP & @PurposeintheYouth!  - Connect with Blake! Instagram : @BlakeyyyP YouTube : @BlakePinsker   Check out MVMT! Instagram : @MVMT Website : MvmtWatches.com   Check out Dare To Be Legendary Podcast! Instagram : @Dare2BeLegendary iTunes : Dare To Be Legendary with Blake Pinsker   Enroll in Bearded Man University! Website : PurposeintheYouth.com/BeardedManUniversity   Connect with your favorite bearded man, Bobbbaaaay: Instagram: @Bobbbaaaay Twitter: @Bobbbaaaay Subscribe to our YouTube Channel for new interviews (and more) Follow us on Spotify Follow us on Soundcloud Subscribe to iTunes Follow us on Instagram: @PurposeintheYouth 

Blake Pinsker is the Brand Director of MVMT, host of Dare To Be Legendary Podcast, and an amazing Keynote Speaker and social media/influencer ninja. In this Episode Blake walks us through the path that led him to head up brand development at MVMT and the social media and influencer strategy that became legendary for D2C brands across all categories.  He helped build MVMTs community to over a million follows and help grow the brand which eventually led to their acquisition by the Movado Group this last year.  Whether you're an entrepreneur, influencer, or interested in either, you will get a lot of value out of Blakes stores and advice.  To learn more about Blake, follow him and subscribe to his podcast below. Blake Instagram podcast Dare To Be Legendary

Dollar Tree and Dollar General report solid 1st quarters. Both stocks rise, with Dollar General’s hitting a 52-week high. MFAM Funds portfolio manager Bill Barker analyzes how both retailers have steadily grown their businesses. Movado Group, on the other hand, is hitting a 52-week low because luxury watches just aren’t selling like they used to. Plus, Bill shares a few things he observed at a recent investment conference in Singapore. (Tangents include great luxury watch scenes in “Trading Places” and “Doctor Strange”, and this weekend’s bonus interview with comedian Greg Fitzsimmons!) Thanks Clear.  Get your first two months of Clear for free by going to clearme.com/fool2019 and using promo code fool2019.

Jake Kassan is the Co-Founder of MVMT. When rocking their watches, sunglasses or premium accessories, they want people to be inspired to live life on their owns terms and do what makes them truly happy. With quality, minimalist designs at radically fair prices, they’ve created an absolute monster that was recently acquired by Movado Group for $100 Million. Born and raised in Valencia, CA, Jake was focused on building businesses from a young age. At 16 he launched his first business, Nitelife Designs, and was making over $10k a month. Only one year into community college in Santa Barbara, CA he dropped out to work-full time. Eventually that business failed, he worked valet until he launched his second business, Glow Threads, which he eventually sold. Wanting to create a watch brand that was affordable, he and his business partner Kramer Laplante launched MVMT. What started in their apartment has grown to a team of 40+. What’s changed the most about him within the past 5 years since launch is realizing that everything is relative to where you’re today in your life and the importance of work/life balance. In this episode Jake discusses facing our fears head on, seeing an opportunity & acting on it, how entrepreneurs are professional problem solvers, we will have good days & we will have bad days, reverse engineering our goals and why we must celebrate the small wins. - If you enjoy this podcast, please leave us a 1 sentence review on the iTunes Podcast App with your honest feedback OR screenshot this Episode, post it to your Instagram Story tagging @JakeKassan & @PurposeintheYouth!  - Connect with Jake! Instagram: @JakeKassan Twitter: @JakeKassan Website: JakeKassan.com   Check out MVMT! Instagram: @MVMT Website: MvmtWatches.com   Connect with your favorite bearded man, Bobbbaaaay: Instagram: @Bobbbaaaay Twitter: @Bobbbaaaay Subscribe to our YouTube Channel for new interviews (and more) Follow us on Spotify Follow us on Soundcloud Subscribe to iTunes Follow us on Instagram: @PurposeintheYouth

After two failed business, Jake Kassan started MVMT. MVMT’s minimal, sleek take on watches and accessories in addition to their focused marketing gained them millions of followers. In 2013, Jake bootstrapped MVMT through Indiegogo, and this August, the five-year-old brand was acquired by the Movado Group. Through those early ventures, Jake learned the importance of brand. For MVMT, brand informs, motivates, and guides every part of their business, especially their influencer marketing. On the podcast, we sit down with Jake to talk about the pillars of the MVMT lifestyle (2:15) and creating aspirational content with influencers (3:53). He talks about leveraging Shopify to scale (8:59) and the tools that are important they build in-house (10:15). He shares the most valuable lessons he learned from his failed t-shirt company (31:39) and finding the backbone of a successful business (33:31). Jake talks about not pursuing outside investment (33:55), hacking the crowdfunding system (34:57), and being financially disciplined early on (39:11). Finally, he shares how MVMT will grow their offline footprint with Movado (43:01) and how he’s all in for the foreseeable future (50:08). Links and images from this post are on the Lumi Blog.

This week we brought in Blake Pinsker (Ep 87) Director of Marketing for Mvmt, Brandin Cohen (Ep 99) Founder of Liquid I.V. and Steven Borrelli (Ep 103) Founder of CUTS to talk about entrepreneurship and what it takes to be successful in the E-Commerce world of 2018. Throughout this Groupisode we dip into some of their first hustles/job they had growing up, why they choose to major business in college, biggest sacrifices they made early on in their careers, the key ingredient to being a successful entrepreneur/brand today, creating a customer customer experience that gets people to come back but also how to battle the fires when customers are not happy and how they plan to change the world through their businesses. We also discuss Mvmt being acquired by Movado Group for $100 Million, Liquid I.V. builds relationships with Scooter Braun, Kygo & Adam Eaton. Putting on your blinders and going all in, learning how to say no to things that don’t help us move forward, getting small wins and building on them and why in order to succeed, we must burn the ships. If you enjoy this podcast, please screenshot & post it to your Instagram Story tagging @Blakeyyyp, @Brandin_Cohen, @StevenBorrelli & @PurposeintheYouth. I appreciate it and so too does my beard! - Connect with Blake! Instagram: @Blakeyyyp Live On Your Own Terms with Mvmt Instagram: @Mvmt Website: Mvmt.com   Connect with Brandin! Instagram: @Brandin_Cohen Stay Hydrated with Liquid I.V. Instagram: @LiquidIV Website: Liquid-IV.com    Connect with Steven! Instagram: @StevenBorrelli The Only Shirt Worth Wearing with CUTS Instagram: @CutsClothing  Website: CutsClothing.com   Connect with your favorite bearded man, Bobbbaaaay: Instagram: @Bobbbaaaay Twitter: @Bobbbaaaay Subscribe to our YouTube Channel for new interviews (and more) Follow us on Spotify Follow us on Soundcloud Subscribe to iTunes Follow us on Instagram: @PurposeintheYouth

Here’s your Headstart on the business headlines you need to know for Thursday, August 16th, 2018. Coming up: Movado Group Acquires MVMT, BestBuy Acquires GreatCall, Coca-Cola Acquires a Minority Stake in BODYARMOR Sports Drink, Bumble Launches an Investment Fund, and Amazon is Reportedly in Talks to Purchase Landmark Theatres. We'll have all these stories and more in under 3-minutes. See acast.com/privacy for privacy and opt-out information.

McDonald’s announces a big push in China the same day it gets a new competitor: Chipotle.  Plus we analyze Movado Group’s struggles and reminisce about some of our favorite April Fool’s Day pranks.

Merry Christmas! On tonight's podcast, I discuss Movado Group and read a poem by Emma Lazarus that is on the pedestal of the Statue of Liberty "The New Colossus" by Emma Lazarus. I don't own any shares of MOV, but like the recent quarter that beat expectations, the raised guidance, the steady Morningstar.com "5-Yr Restated" financials, the increasing dividend, stable outstanding shares, and solid balance sheet. I review these results and look at a 'point & figure' chart from StockCharts.com.

Congressional aides say the Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures.The Mortgage Bankers Association's index of applications to buy a home or refinance a loan increased 22.5 percent to 791.8, the highest level since July 2005. Productivity in the non-farm business sector increased at a 6.3% annual rate in the quarter. A month ago, the government reported that productivity rose 4.9% annualized.The ISM non-manufacturing index fell to 54.1% from 55.8% in October. The drop was larger than expected. Economists were looking the index to decline to 55.0%.The Commerce Department reported that factory orders advanced by 0.5 percent in October, far better than the flat reading that had been expected. ADP Employer Services reported that companies in the U.S. added 189,000 jobs in November, more than economists had forecast. The Organization of Petroleum Exporting Countries decided to keep production unchanged. Reports from Abu Dhabi indicated that OPEC left output at current levels, with a meeting scheduled next month to discuss policy again. U.S. retailers' sales rose 2.5 percent last month, starting off what may be the slowest-growing holiday shopping season in five years. Consumers scaled back purchases in the last week of November following Thanksgiving weekend discounts.In Forex News The British pound dropped sharply, as traders bet that the Bank of England will follow in the Bank of Canada's footsteps and cut its base interest rate tomorrow. The increasingly dovish stance in currency markets comes after measures released today showed declines in house prices, services-sector sentiment and consumer confidence.The European Central Bank, which also decides interest rates tomorrow, isn't facing the same pressure to cut interest rates, with euro-zone inflation running at 3%.Separately, the Australian dollar was lower against rivals after the Reserve Bank of Australia held interest rates unchanged but gave a more dovish outlook than it did in the preceding month.According to Xinhua News Agency Reports, China will shift its monetary policy "from prudent to tight" in 2008 to prevent its already hot economy from overheating and to try to contain accelerating inflation that threatens social stability. Xinhua said the decision was made at a closed-door economic conference, which the country's Communist Party leaders hold every December to draft policy for the coming year.Scheduled Economic Reports (Thursday)Initial Jobless Claims (Week of Dec 1st)In Earnings NewsSanderson Farms (SAFM) reported profit well above its year-ago results, although earnings still missed Wall Street expectations by a penny per share mainly due to squeezed margins. Neiman Marcus, Inc. reported total revenues of $1.13 billion compared to $1.04 billion in the prior year.And the Isle of Capri Casinos (ISLE) reported a quarterly loss of $24.6 million, or 80 cents per share. Excluding one-time items, the company posted a loss of 45 cents per share. Analysts expected a loss of 4 cents per share.Scheduled Earnings Reports (Thursday)Korn Ferry International, Toll Brothers, Fleetwood Enterprises, Hooker Furniture, Movado Group, Dave & Busters, and Smith & WessonStocks in the NewsCollective Brands? (PSS) fiscal third-quarter net income fell to $25.5 million or 39 cents a share, from $28.9 million, or 43 cents a share, a year earlier.Intel (INTC) was upgraded to overweight from market weight with the broker seeing PC strength and benign selling price pressure next year.Prudential Financial Inc (PRU) and India's real-estate developer DLF Group agreed to form a joint venture in Mumbai.