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...
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...
