GST, demonetisation reset India’s FMCG distribution business in 2017

Dual disruptions caused by demonetization and the implementation of the Goods and Services Tax (GST) have permanently changed the way India’s largely unorganized and fragmented consumer goods distribution network operates. Distributors are struggling with a higher compliance burden and associated costs and have trimmed inventory levels, according to industry executives and distributors. While discontinuation of […]

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Virgo Investment Group Partners With Management To Acquire The Catalog Assets And Distribution Business Of Millennium Entertainment

LOS ANGELES, Aug. 19, 2014 /PRNewswire/ — The management team of Millennium Entertainment, led by CEO Bill Lee, and Virgo Investment Group LLC (“Virgo”), a private investment firm, today announced a partnership to acquire the Millennium Entertainment catalog assets and film distribution platform from a consortium of investors including majority shareholder Nu Image, Inc. (led […]

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