Lilliput Kidswear

Lilliput Kidswear is an Indian clothing brand that makes clothes specifically for children and is headquartered in New Delhi, India.[1][2]

History

Sanjeev Narula founded Lilliput Kidswear in 2003.[3] Bain Capital Partners invested $60 million into Lilliput Kidswear in May 2010.[4] Two weeks after the IPO of Lilliput, a whistle blower called to inform investment firms that the revenue figures in Lilliput were inflated.[5] Bain Capital Partners sued the audit firm Ernst & Young Global Limited, after the invested in Lilliput kidswear on the advice of the auditing firm. Bain Capital claimed to have incurred a loss of $60 million over the investment.[6] Bain Capital left the company in 2013 according to the CEO of Lilliput Kidswear.[3]

Controversy

Lilliput Kidswear bought clothing worth 5 million dollar from 22 Bangladeshi garment suppliers. They failed to pay, Bangladesh government approached the Indian government over payment. After mediation from Indian Commerce ministerministry, Lilliput Kidswear made partial payments to Bangladeshi suppliers.[7]

gollark: Yes. The situation now is that browsers will happily send requests from one origin to another, but only if it's a GET or POST request, not allow custom headers with it, and, critically, do bizarre insane stuff to avoid letting code see the *response*.
gollark: Oh, and unify ServiceWorker and WebWorker and SharedWorker and whatever into some sort of nicer "background task" API.
gollark: API coherency: drop stuff like XMLHttpRequest which is obsoleted by cleaner things like `fetch`, actually have a module system and don't just randomly scatter objects and functions in the global scope, don't have a weird mix of callbacks, events and promises everywhere.
gollark: Alternatively, cross-origin stuff is allowed but runs with separate cookies, caches, etc. to first-party requests, and comes with a "requested from this origin" header.
gollark: Cross-origin fixes: *no* use of crossdomain resources unless the other thing opts in. This breaks image hotlinking and such, which is annoying, but fixes CSRF entirely.

References
  1. Agarwal, Sapna (6 April 2016). "Pantaloons diversifies into children's wear, opens new store". livemint.com/. Retrieved 17 April 2017.
  2. "Lilliput says it’s got an offer from L Capital". livemint.com. Livemint. Retrieved 17 April 2017.
  3. Menon, Bindu D (18 June 2014). "Lilliput wants to make a fresh start; partially repays vendors". The Hindu Business Line. Retrieved 17 April 2017.
  4. PM, Indulal; Aldred, Stephen. "Bain sues EY over $60 mln loss in Lilliput Kidswear". Reuters India. Retrieved 17 April 2017.
  5. Flaherty, Michael; Stephen, Aldred. "Bain, TPG's Lilliput woes a warning on India investing". Reuters India. Retrieved 17 April 2017.
  6. "Bain Cap sues EY over loss in Lilliput Kidswear". The Economic Times. Retrieved 17 April 2017.
  7. Mishra, Asit Ranjan. "Partial repayment by Lilliput defuses Bangladesh tension". livemint.com/. Retrieved 17 April 2017.
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