Bajaj Hindusthan Sugar, India’s largest sugar manufacturer, on Thursday received the Board’s in-principle nod for exploring options for capital restructuring, resolution plan for debt and other corporate...
What does Unilever’s restructuring plan mean for HUL?
Egged on by activist investors, FMCG major Hindustan Unilever’s parent, Unilever Plc, rolled out a restructuring plan last week to simplify its organisation with a focus on driving sales growth and cutting costs. For...
Lotus Herbals acquires 25% stake in D2C brand Conscious Chemist
Premium beauty-care products maker Lotus Herbals has acquired a 25% stake in direct to consumer (D2C) skin-care brand Conscious Chemist, its first acquisition in the rapidly growing D2C space. Lotus Herbals joint...
Open to demerger of FMCG, listing of IT businesses: ITC chairman Sanjiv Puri
ITC Ltd chairman Sanjiv Puri said the company is open to the idea of demerger of the non-cigarette fast moving consumer goods (FMCG) business and listing of the information technology (IT) businesses if it creates...
Nestle trims L’Oreal stake with $10 billion sale
Nestle SA said on Tuesday it would cut its stake in L’Oreal to about 20% by selling shares worth 8.9 billion euros ($10 billion) back to the French cosmetics brand, moving to reduce the weight of the beauty giant...
ITC to acquire 16% stake in D2C brand Mother Sparsh
Conglomerate ITC on Friday said it will acquire a 16 per cent stake in Mother Sparsh, a D2C Ayurvedic and natural personal care brand, for Rs 20 crore through a share subscription agreement. Mother Sparsh is a premium...
South Africa’s Bakers biscuit owner AVI in deal talks with Oreo maker Mondelez
South African food producer and fashion retailer AVI Ltd said on Wednesday it is in talks with Oreo cookie maker Mondelez International regarding a potential sale of its snacks and biscuits business. The Choice Assorted...
Unilever to sell Lipton Tea owner to CVC Capital for $5 Billion
Unilever Plc, the owner of Lipton and PG Tips, agreed to sell some tea assets to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company. The transaction values the business at 4.5...
Tata Consumer Products to acquire Tata SmartFoodz for ₹395 crore
Tata Consumer Products Limited (TCPL) has signed definitive agreements to acquire 100% shares of Tata SmartFoodz Limited (TSFL) from Tata Industries Limited for a cash consideration of ₹395 crore. This move is...
Tata Consumer Products to transfer its tea chain to IHCL
Tata Consumer Products Ltd (TCPL) on Thursday said it will transfer its tea cafe business ‘Tata Cha’ to group firm IHCL, which operates Taj group of hotels. Tata Cha would be of Qmin brand of IHCL, according...
ITC exploring acquisition opportunities, will examine alternate structures in hotel biz: MD Sanjiv Puri
ITC Ltd is “proactively exploring” acquisition opportunities in the fast moving consumer goods (FMCG) business to build additional pillars of growth, while it will continue to examine alternate structures in the hotel...
Marico to acquire 60% in Apcos, that owns Just Herbs
Marico Limited said it will acquire a 60% stake in Apcos Naturals Private Limited over the next two years through primary infusion and secondary buy-outs. Apcos owns Just Herbs, a range of ayurvedic and organic skin and...
