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...
Wipro Consumer acquires Filipino personal care firm
Wipro Consumer Care and Lighting on Monday said it has signed a definitive agreement to acquire Splash Corp., Philippines’s largest personal care company. Splash, which clocked $80 million revenue last year, owns brands...
Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali’s revised offer
Lenders of debt-ridden Ruchi Soya NSE 2.19 % will meet Friday to consider the revised bid of Baba Ramdev’s Patanjali Ayurved to acquire Madhya Pradesh-based edible oil firm, according to sources. Patanjali had...
Gitanjali Gems headed for liquidation
Gitanjali Gems, a BSE listed jewellery retailer promoted by absconding businessman Mehul Choksi, is headed for liquidation after most of its lenders decided not to extend a 180-day deadline to complete its corporate...
Lotus Herbals plans acquisitions, may sell stake to raise funds
Home-grown personal care and cosmetics brand Lotus Herbals, which has been wooed aggressively by large companies including L’Oreal and DaburNSE -0.17 %, has begun scouting for acquisitions and is in talks with...
L’Oréal eyeing acquisitions in India’s cosmetics market
The local arm of the world’s largest cosmetics company, L’Oréal, is scouting for acquisitions in the skin and make-up market in India, said a top company executive, adding that it seeks to capitalize on the country’s...
Titan hikes stake in CaratLane to 69.47% for ₹99.99 crore
Watch and jewellery retailer Titan Company has increased its stake in jewellery retailer CaratLane to 69.47% for₹99.99 crore, the company said in a regulatory filing on March 31. “Titan Company has subscribed to...
Samara buys majority in skin-care brand Nature’s Essence
Samara Capital, a private equity fund focused on midmarket buyouts, has acquired the majority stake in Nature’s Essence in a deal worth Rs 200 crore, giving the New Delhi-based cosmetics brand an enterprise value...
Bajaj Consumer hits 52-week low after promoter stake sale
Shares of Bajaj Consumer Care (formerly Bajaj Corp) hit a 52-week low of Rs 308, down 3 per cent on the BSE in intra-day trade on Wednesday, after the promoter Bajaj Resources sold nearly 7 per cent of its holding via...
