So CMF is now becoming an Indian brand, with Nothing holding a stake in it, but the majority shareholding in the hands of Indians. As per a message from Carl Pei (
@getpeid), the CEO of
@nothing, CMF's parent brand:
"CMF stops being a product line inside a London company and becomes a company of its own, incorporated in India, controlled in India, majority owned by Indian shareholders.
Nothing keeps a stake and stays as its partner.
The engineering DNA, the OS, the
supplier relationships and the global brand engine come with it. We bring what we've built. India
brings the market, the talent and the ambition."
This could be interesting.