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Retailers are also vulnerable to the personal foibles of their celebrity designers: If one misbehaves or becomes embroiled in a scandal, sales could fall. For example, now defunct retail chain Anchor Blue failed to score with a clothing line by reality television star Heidi Montag, better known for her multiple plastic surgeries and other controversial off screen behavior. Finally, celebrities can find themselves susceptible to the declining fortunes of their retail partners: The bankruptcy of budget chain Steve Barry left exclusive lines by Sarah Jessica Parker, Amanda Bynes and Venus Williams without a place to call home..
Total underrecoveries on fuel are expected to halve to around Rs 80,000 crore in FY14 against Rs 160,000 crore estimated earlier. The underrecovery on diesel accounting for 45 per cent of India overall fuel consumption last year is likely to have fallen to Rs 2 a litre now from a high as Rs 11 a litre two months ago, says the report. Oil marketing companies (OMCs) and upstream companies would be direct beneficiaries of weaker crude prices.
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And other drugmakers have bought rights to old, cheap medicines that are the only treatment for serious diseases and then hiked prices severalfold has angered patients. It’s triggered government investigations, politicians’ proposals to fight “price gouging,” heavy media scrutiny and a big slump in biotech stock prices.At the eye of the storm is former hedge fund manager Martin Shkreli, head of Turing Pharmaceuticals, scorned last month for buying rights to and then increasing by more than 5,000 per cent the price of Daraprim, a 62 year old drug with no competition. The startup drugmaker paid Impax Laboratories $55 million in August for rights to Daraprim, which treats a rare parasitic infection called toxoplasmosis that mainly strikes pregnant women, cancer patients and AIDS patients.Imprimis, which primarily makes compounded drugs to treat cataracts and urological conditions, will work with health insurers and prescription benefit managers in each state to make its new capsules and other compounded generic medicines widely available, Baum said.”We’re geared up.