www.theasianstar.com Vol 17 - Issue 35
Saturday, September 29, 2018
Tim Hortons seeks to shut down ‘Tim Hottens’ knock-off cafe in India Tim Hortons will seek to shut down an apparent knock-off restaurant in India that uses a name and branding very similar to the coffee-and-doughnut chain. Tim Hottens, located in Yamunanagar, India, is two letters away from the coffee chain in its name. Its logo and branding appear to mimic the Canadian chain’s as well. The font and colour of the name in its logo is nearly identical. Tim Hottens also uses the phrases “always fresh� and “cafe & bake shop,� as well as the red-hued striped background in its logo. “While we believe that imitation is often the sincerest form of flattery, we do have very high standards when it comes to our brand, the quality of our products Continued on page 7
Arts, Culture and Entertainment key to a vibrant city, says Tom Gill Surrey First mayoral candidate Tom Gill has a comprehensive plan to turn Surrey into. A vibrant city. He outlined his team’s plans this week to showcase and grow the arts, culture and entertainment in Surrey. Joined by council candidates Vera LeFranc and Narima Dela Cruz, Gill said Surrey First will create an endowment fund to kick-start plans for a world class performing arts centre, double arts and culture grants, develop a contemporary art gallery in South Surrey and use the “maker space� planned for the new Clayton Community Centre as a model for more artist work spaces across the city. “Great cities, the ones we all admire, have a strong and vibrant creative side and Surrey is no different,� said Gill. “We have a very creative arts and cultural
Three men charged with $100,000 liquor theft appear in court Three men, including an employee of the Liquor Control Branch, are scheduled to appear in court on Thursday charged with stealing more than $100,000 worth of alcohol from a warehouse. Rakesh Prakash Sharma, 52, and Krishneel Reddy, 35, both of Surrey face five counts of theft over $5,000. Kamlesh Reddy, a 43-yearold from Delta was charged with one count of theft over $5,000 and possession of stolen property. It has not been confirmed which of the men is the
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liquor distribution branch employee. Police executed a search warrant May 14, at a Delta home, which is where they say they recovered the alcohol. 1,000 bottles The
stolen liquor ranged from “common brands to higher end exclusive stuff,� according to Sgt. Jason Doucette of Vancouver Police. Earlier, he said there were “boxes and
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community in Surrey. We want to encourage that talent and see it flourish right across our city. For instance, the performing arts centre will be a creative hub for Surrey, a destination for our region and an anchor for a vibrant new entertainment district.� Gill said he would commit $1 million annually over the next five years to an arts and culture endowment fund as a way of launching plans for the performing arts centre, including developing a detailed financial and fundraising case that would include other levels of government and local philanthropists with a passion for the arts. Gill first introduced the performing arts centre Continued on page 7
How the Singh brothers lost a $2 billions inheritance In just a few years since inheriting a fortune from a company founded by their grandfather, brothers Malvinder and Shivinder Singh have managed to lose almost everything — including control over two public companies. Their story seems to affirm the axiom of “shirtsleeves to shirtsleeves in three generations,� a curse that plagues too many inherited family businesses. Reflecting on their recent history (and recognizing the lack of public information available), there are lessons to deduce on how to avoid this sad, but common, occurrence. The Singh brothers were heirs to Ranbaxy Laboratories, which was then India’s foremost
pharmaceutical company, founded by their grandfather Bhai Mohan Singh and stewarded by their father, Dr. Parvinder Singh, who died in 1999. The brothers, who each inherited one-third of the company, engineered its sale in 2008. After that, they heavily invested the proceeds into the fast expansion of Fortis Healthcare and Religare Enterprises, two other public companies they owned. They also loaned vast amounts of money to companies owned by a family headed by a spiritual leader whom they followed and who was a relative of theirs — Gurinder Singh Dhillon. Dhillon was a businessman as
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