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...
Tata Consumer looks to step up acquisition, organic growth plans
The pandemic’s second wave is much more widespread than the first, affecting rural areas that were largely untouched last year, said Sunil D’Souza, managing director and chief executive of Tata Consumer Products Ltd...
Nestle buys vitamin brands from KKR for $5.75 billion
Nestle SA agreed to buy vitamin maker Bountiful Co. for $5.75 billion, becoming a world leader in the field of minerals and supplements as the pandemic boosts demand for pills for health-conscious consumers. Nestle...
Nestle confirms discussions to acquire vitamin maker Bountiful
Nestle is in discussions to buy nutritional supplement maker The Bountiful Company, the Swiss food giant said on Monday, confirming earlier reports it was close to a deal in the mid-single-digit billions...
Unilever to buy food supplement brand Onnit
Unilever Plc is acquiring food supplement company brand Onnit, the consumer goods giant said on Monday, joining rival Nestle SA in expanding its portfolio of brands focused on health and nutrition. The company did not...
NCLT approves amalgamation of Sunrise Foods with ITC, says company
ITC on Friday said the National Company Law Tribunal (NCLT) has approved the amalgamation of its recently acquired spice company Sunrise Foods with itself. In a notice to the stock exchanges, ITC said the Kolkata bench...
