As the India media got engrossed in demonetisation, the Tata boardroom battle and the US elections, a certain rather scandalous bit of news about a leading Indian textile company, against which class...
Daniel Becerril / Reuters
Welspun’s market value has dropped by about half since the controversy erupted last month over the mislabeling of Egyptian cotton sheets.
The maker of bedding, towels, rugs and carpets is now caught up in a spin-cycle of negative publicity
Another US retailer, Target, cut its ties with Mumbai-based company and pulled sheets and pillowcases from its shelves