L’Oréal is actively looking at acquiring Indian beauty brands and startups in the beauty-tech space. Chairman Jean Paul Agon told Vinod Mahanta that the India unit has been one of the top three fastest growing L’Oréal...
Global PE majors seek to sweep up Eureka Forbes
Global PE majors Blackstone, KKR, Apax and TPG Capital have joined Advent and Temasek-backed Crompton Greaves Consumer in the race to acquire a controlling stake in Eureka Forbes, the country’s largest maker of water...
Unilever, Henkel and buyout funds eye bids for Coty’s $7 billion beauty brands – sources
Consumer goods giants Unilever and Henkel and a series of buyout funds including Advent and Cinven are talking to U.S. cosmetics maker Coty to submit bids for some of its most popular beauty brands, three sources told...
Kurl-on looks at acquisitions, aims to become a home furnishings company
Mattress maker Kurl-on is looking at possible acquisitions to transform itself into a home furnishings company. Confirming this, a senior official of the Bengaluru-based company on Thursday said it was in talks with a...
Jyothy Lab promoters offload 4% stake to lower pledges
Promoters of Jyothy Laboratories sold a 4% stake in the company on Friday that would help them reduce the pledge of shares, even as the maker of Ujala fabric whitener is seeking to become debt-free by March 2021...
Bajaj Resources sells 22% stake in Bajaj Consumer Care for 628 crore
Bajaj Resources Ltd, a promoter of consumer goods firm Bajaj Consumer Care, on Tuesday offloaded around 22 per cent stake in the company for Rs 628 crore through an open market transaction. Bajaj Resources sold...
WestBridge may take majority control of Fogg-maker Vini Cosmetics
West-Bridge Capital is in discussions to take majority control of Vini Cosmetics, valuing the maker of Fogg deodorants at about Rs 6,500 crore, two years after it first backed the Ahmedabad-based consumer goods company...
Lite Bite Foods plans to raise Rs 250cr from PEs
Lite Bite Foods Group, the food and beverage retail business led by Dabur Group chairman Amit Burman, plans to raise about Rs 250 crore funds from private equity firms and make its airport franchise business a separate...
Haldiram Bhujiawala buys Coffee Bean franchise
Haldiram Bhujiawala has bought The Coffee Bean & Tea Leaf India franchise from private equity fund Everstone Capital in a deal which, two people briefed on the matter said, cost it under Rs 100 crore. The Kolkata...
Masaba’s label raises $1m in round led by Binny Bansal
House of Masaba, a bridge-to-luxury fashion label founded by designer Masaba Gupta, has raised $1 million in first round of funding led by Flipkart co-founder Binny Bansal. Other key investors include Purple Style Labs...
Unilever considers $1 billion bid for skincare brand Drunk Elephant
Consumer goods giant Unilever is considering a $1 billion offer for US skin-care brand Drunk Elephant, the Sunday Telegraph reported, without saying where it got the information. Drunk Elephant, founded in 2012 by Texan...
Firmenich acquires majority stake in PE owned VKL Seasoning
Swiss fragrance and flavour company Firmenich has acquired a majority stake in VKL Seasoning from Indian private equity fund True North. The financial terms of the deal were not disclosed. True North, which invested...
