Kenvue is exploring the sale of some of its skin health and beauty brands, four people familiar with the matter said on Thursday, as the consumer health firm prunes an underperforming business segment to focus on core...
ITC bets on buyouts to grow food business
After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer...
Kraft Heinz looking at M&A opportunities; Berkshire Hathaway leaves board
Kraft Heinz said it was looking at strategic transactions as demand for its pricey snacks and ready-to-eat meals weakens in an uncertain economic environment. The company also said Timothy Kenesey and Alicia Knapp...
Nestle lines up Rothschild for water unit sale, sources say
Nestle has hired Rothschild to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands. Under new CEO...
Alpha Wave Global, IHC seek CCI nod to acquire minority stakes in Haldiram
Alpha Wave Global, and IHC (International Holding Company) have sought the Competition Commission of India’s approval to acquire minority stakes in Haldiram Snacks Food. Alpha Wave is a global investment company...
HUL acquires majority stake in Minimalist parent co Uprising Science for Rs 2,706 crore
Hindustan Unilever Limited (HUL), one of India’s leading FMCG companies, announced on Monday the successful completion of its acquisition of a 90.5% stake in Uprising Science at Rs 2,706.44 crore. The acquisition was...
ITC increases its stake in Mother Sparsh to 49%, plans to complete acquisition by Q1 FY27
Diversified conglomerate ITC on Saturday announced that it will invest an additional Rs 81 crore in Mother Sparsh, increasing its stake in the Indian baby care brand from 26.5% to 49.3%. The investment will be made by...
ITC to acquire Sresta Natural Bioproducts for Rs 472.5 crore
ITC Ltd is acquiring Sresta Natural Bioproducts, which owns the organic packaged staples brand ‘24 Mantra Organic’, for Rs 472.5 crore in an all-cash deal. The company will make an upfront payment of Rs 400 crore and...
ITC shares in focus after completing Rs 131 cr acquisition of Ample Foods
Shares of FMCG major ITC are expected to remain in focus when markets open on Monday, April 7, following the company’s announcement of acquiring a significant stake in Ample Foods Private Limited (AFPL) for...
Haldiram sells stake to IHC and Alpha Wave Global
Haldiram Snacks Food, the country’s leading snack and food brand, on Monday confirmed selling its stake to two new investors — IHC (International Holding Company) and Alpha Wave Global — according to a...
J&J Plan for Bankruptcy to End Talc Cancer Claims Rejected
A federal judge rejected Johnson & Johnson’s third attempt to use bankruptcy to set up a multibillion-dollar trust fund to pay women who claim they got cancer using baby powder and other products allegedly tainted...
Haldiram Snacks announces Temasek as strategic investment partner
Haldiram Snacks Food on Sunday announced Singapore-headquartered global investment firm Temasek as a strategic investment partner with Temasek acquiring an equity stake in Haldirams. The announcement did not disclose...
