Consumer durables maker Whirlpool of India Ltd on Monday said it has inked a pact to acquire an additional 38 per cent stake in Elica PB India for USD 57 million (around Rs 420 crore). The company said it has entered...
Videocon insolvency: Lenders make U-turn, want fresh bids
After getting rapped for accepting Vedanta group’s bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT...
MyGlamm buys BabyChakra to enter baby care category
Direct-to-consumer (D2C) beauty retailer MyGlamm has acquired online parenting platform BabyChakra to foray into the mother and babycare category, it said on Monday. The financial details of the acquisition have not...
Adidas agrees to sell Reebok to Authentic Brands
Adidas AG said it has agreed to sell Reebok to Authentic Brands Group for up to 2.1 billion euros, the equivalent of $2.47 billion, putting an end to months of speculation over potential buyers for the athletic brand...
D2C brand Bella Vita Organic raises $10 mn in Series A funding
Direct-to-consumer personal care brand Bella Vita Organic on Tuesday said it has raised $10 million Series A funding from Ananta Capital, a private equity platform backed by Mumbai-based Taparia family of Famy Care...
KKR completes $625 mn majority stake acquisition in Fogg deo maker Vini Cosmetics
American private equity firm KKR on Thursday said that it has completed the acquisition of a majority stake in Darshan Patel promoted Vini Cosmetics, a leading branded personal care and beauty products company in India...
Emami ups stake to 46% from 33% in male grooming company Helios Lifestyle
FMCG firm Emami Ltd has upped its stake in Helios Lifestyle, known for its male grooming brand, The Man Company (TMC). Emami said on Monday that it had increased its existing strategic stake of 33.09 per cent to 45.96...
NCLT raises doubt over confidentiality of liquidation valuation of Videocon
Bankruptcy tribunal NCLT has raised doubts over “confidentiality” of the liquidation valuation of the assets of Videocon Industries and its 12 group companies during the insolvency process. The tribunal has...
EssilorLuxottica gains EU okay for $8.5 billion Dutch buy
Ray-Ban maker EssilorLuxottica secured EU antitrust approval on Tuesday for its 7.2 billion euro ($8.5 billion) acquisition of GrandVision after pledging to sell more than 300 stores in three countries to address...
Shiseido in talks to sell lower-priced brands, deal reported at over $1.45 billion
Japanese cosmetics firm Shiseido Co Ltd said on Friday it was in talks to sell its lower-priced skincare and shampoo lines to private equity firm CVC Capital Partners in a deal reported to be valued at over $1.45...
P&G, Billie terminate planned merger after U.S. FTC challenge
Procter & Gamble Co and Billie Inc, which sells women’s razors and other body care products, have decided to terminate their planned merger agreement, the two companies said on Tuesday. The U.S. Federal Trade...
France’s L’Oreal to buy Japanese skincare company Takami
French cosmetics maker L’Oreal has signed an agreement to buy Japanese skincare company Takami, it said on Wednesday. A L’Oreal statement said the acquisition should be completed in the next few weeks. The Takami brand...
