Hindustan Unilever Limited (HUL) said it will acquire a 90.5% stake in direct-to-consumer beauty brand Minimalist for Rs 2,955 crore through secondary buyouts and primary infusion. The remaining 9.5% will be acquired...
Unilever Is Smart to Spin Off Ben & Jerry’s and Magnum
Unilever Plc is cutting the fat — in every sense. Chief Executive Officer Hein Schumacher plans to spin off its ice-cream business, including the Magnum and Ben & Jerry’s brands, to focus on higher growth categories...
Reliance Consumer Products set to buy SIL’s brands to spice up play; plans to compete with HUL, Cremica &
Reliance Consumer Products (RCPL) is set to acquire packaged foods brand SIL, with a portfolio of products such as cooking pastes, jams, mayonnaise, baked beans and Chinese sauces, executives with direct knowledge of...
Adani Group offloads 13.51% stake in Adani Wilmar
Shares of Adani Wilmar remained flat on Thursday, January 16, even as other Adani Group stocks witnessed gains. The muted response in Adani Wilmar’s stock came after Adani Commodities LLP, a promoter entity of the...
Suitor PepsiCo joins Haldiram Snacks queue; US execs in direct talks with Aggarwal family
PepsiCo has made a late entry into the competition for a stake in Haldiram Snacks Food, executives aware of developments said. Key contenders Temasek and Alpha Wave Global, the latter also a late-stage bidder, are said...
India’s Adani to sell up to 20% stake in Wilmar joint venture
India’s Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer...
Temasek noses ahead in Haldiram race, Alpha Wave still in fray
Temasek is said to be leading in discussions to buy a minority stake in Haldiram Snacks Food for northwards of $1 billion after it chose to go solo, following Bain Capital opting out of the fray after the two had...
HUL in talks to acquire skincare brand Minimalist in ₹3,000 crore deal: Report
Hindustan Unilever Limited (HUL) may acquire Jaipur-based skincare brand Minimalist, backed by Peak XV Partners, in a ₹3,000 crore ($350 million) deal, according to reports. If the deal is finalised, Minimalist’s...
Authum Investment & Infra climbs 8% on CCI’s nod to acquire Prataap Snacks
Shares of Authum Investment & Infrastructure soared 7.94 per cent at Rs 1839 a piece on the BSE in Wednesday’s intraday trade. Authum Investment share price jumped after the Competition Commission of India (CCI)...
Adani Enterprises to exit Wilmar JV in $2 billion deal
Adani Enterprises Ltd (AEL) is set to exit its 25-year-old joint venture with Wilmar International in a deal worth around $2 billion. The funds will be used by AEL for its core infrastructure platforms such as energy...
L’Oreal acquires South Korea’s Dr.G in skincare deal with Migros
French cosmetics giant L’Oreal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros. The Korean beauty market is dominated by...
Britain’s Supreme buys Typhoo Tea out of administration
Britain’s Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The 120-year-old tea...
