A company synonymous with copying should expect some duplication. Xerox has become aggressive since pushy investor Carl Icahn arrived on the scene. After rancorously blowing up a deal and ending a 57-year joint venture...
Wipro venture arm picks up stake in LetsShave
Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care and Lighting, has acquired minority stake in personal care company LetsShave for an undisclosed amount. Existing investor Dorco, one of the...
Brazil’s Boticario eyes cosmetics acquisitions at home and abroad -CEO
Brazilian cosmetics company Grupo Boticario is considering domestic and foreign acquisitions as industry competition intensifies, its chief executive said on Thursday. The company is a major rival to Brazil’s Natura...
France’s L’Oreal to sell Roger & Gallet brand to Impala
French cosmetics group L’Oreal said it had entered exclusive talks with the French investment holding Impala for the sale of its Roger & Gallet perfume and soap brand. Financial terms were not disclosed. Founded in...
Siemens to acquire New Delhi-based C&S Electric for around ₹2,100 crore
Attracted by India’s electrification drive, Siemens AG will acquire New Delhi-based C&S Electric Limited for around Rs.2,100 crore (euro 267 million). The announcement to acquire 99% stake in C&S Electric comes...
Purplle raises $8 million from Verlinvest
Online beauty and makeup products retailer Purplle said on Monday that it has raised $8 million as part of its Series C round from Belgian investment firm Verlinvest. Mint first reported on 12 December that American...
Avon-Natura tie-up to yield more cost savings: CEO
Brazilian cosmetics group Natura & Co on Monday lifted its cost savings target for its takeover of Avon Products AVP.N as it begins integrating the world’s fourth-largest beauty group. The company now sees savings...
Brazil’s Natura receives all regulatory approvals for Avon deal
Brazilian personal care cosmetics group Natura & Co said on Thursday it has received all regulatory approvals required to complete its acquisition of Avon Products, Inc., paving the way for the closing of the...
IFF to merge with DuPont’s $26.2 billion nutrition unit
International Flavors & Fragrances Inc on Sunday said it will merge with DuPont Inc’s $26.2 billion nutrition & biosciences unit in a deal that will create a new consumer giant valued at more than $45 billion...
RBI rejects Future Lifestyle plan to raise stake in Koovs
The Reserve Bank of India has rejected Future Lifestyle Fashion’s proposal to buy a stake in Koovs, the online retailer which is now being taken over by its largest creditor to keep it afloat, a person in the know said...
Imerys considers sale of North American talc business: Bloomberg
French group Imerys SA is exploring options for its North America talc unit, which filed for bankruptcy after being drawn into cancer lawsuits connected to Johnson & Johnson’s baby powder, Bloomberg reported on...
L’Oréal looking to acquire beauty brands, startups in India: Jean Paul Agon, Chairman
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...
