FMCG major Godrej Consumer Products Ltd (GCPL) has completed the acquisition of Muuchstac in a Rs 450-crore deal and its promoters would continue to be in the driving seat, running the business. GCPL Managing Director...
Wilmar International gets CCI nod to acquire 20 pc stake in AWL Agri Business
Fair trade regulator CCI on Tuesday cleared Wilmar International’s proposal to acquire up to 20 per cent stake in AWL Agri Business Ltd from Adani Group. The move came after Adani Group in July this year announced...
Dubai hookah maker AIR to go public in US via $1.75 billion SPAC deal
Dubai’s AIR, the owner of hookah brand Al Fakher, said on Friday it had agreed to go public in the U.S. through a merger with blank-check firm Cantor Equity Partners III, in a deal valuing the combined company at...
Unilever expects to complete Magnum ice cream spin-off by December 6
Consumer goods group Unilever said on Tuesday it expects to complete the spin-off of its Magnum Ice Cream unit, after a delay because of the U.S. government shutdown, by December 6. The delay underscores the disruptions...
Mars set to win unconditional EU nod for $36 billion Kellanova deal, sources say
Candy and snacks giant Mars’ $36 billion bid to acquire Pringles maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the...
Biotique looks to offload 10% stake via IPO next year
Beauty and personal care products maker Biotique plans to dilute 10% equity as part of its public listing planned for next year, for which it intends to raise $300 million, the company’s founder Vinita Jain said...
Balaji Wafers may rethink stake sale plan as PE funds cite steep valuation
Ethnic packaged snacks Balaji Wafers’ minority stake sale is likely to have been put on the back burner, due to tepid responses from private equity funds and strategic investors, on account of the steep valuation...
Marico to acquire remaining 46% stake in True Elements
Home-grown FMCG products maker Marico has announced the acquisition of the remaining 46.02% shares of HW Wellness Solutions, which owns the True Elements brand. This will be done for a consideration of “up to Rs...
Kraft Heinz to split into two, unwinding merger that never paid off
Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed...
Ferrero close to acquiring cereal producer WK Kellogg for about $3 bn
Ferrero International SA, a closely held Italian candy maker, is close to acquiring cereal producer WK Kellogg Co. for about $3 billion, according to people with knowledge of the matter. Talks are advanced and a deal...
Mukesh Ambani’s Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans
Reliance Industries Ltd (RIL) is embarking on a restructuring exercise that aims to group all its fast-moving consumer goods (FMCG) brands, currently part of its retail ventures, into a new company so they get...
Unilever to pay $1.5 billion for men’s grooming brand Dr Squatch, FT reports
Unilever is paying $1.5 billion (1.09 billion pounds) to buy men’s personal care brand Dr Squatch from private-equity firm Summit Partners, the Financial Times reported on Friday, citing sources. The deal was...
