Dhunseri Tea & Industries, which produces more than 10 million kgs of tea annually, has entered into an agreement with Shyam Khetojan Tea Company for sale of its Khetojan tea estate in Assam. The estate is being...
Reckitt kicks off sale of some personal care brands – sources
Consumer goods group Reckitt Benckiser Group is preparing to sell some of its non-core personal care brands, including Veet hair removal cream and Clearasil acne cream, four sources familiar with the matter said on...
Beauty brand MyGlamm acquires POPxo
Beauty products retailer MyGlamm has acquired women-centric digital platform POPxo, to expand into the online content space. Post-acquisition, POPxo’s existing investors—Chiratae Ventures, Kalaari Capital, and...
Ray Ban maker EssilorLuxottica launches share buyback
EssilorLuxottica, the maker of Ray Ban sunglasses, on Tuesday announced a plan to buy back up to 3 million shares, adding it was confident in its long-term outlook. The firm’s Italian Luxottica unit, which also makes...
Latin American venture firm Mountain Nazca buys scooter company Grow
Venture capital fund Mountain Nazca has acquired a controlling stake in unlisted Latin American scooter firm Grow Mobility, the companies said on Wednesday, without disclosing financial details. Under terms of the deal...
Xerox drawn into duplicative Japanese fight
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...
