Nestle bought London-based Lily’s Kitchen that makes food for dogs and cats in the higher-priced segment, the Swiss group said on Wednesday, as it bulks up in pet food, its fastest-growing product category. Purina...
HUL to acquire VWash from Glenmark Pharma
Hindustan Unilever Limited(HUL) on Monday said it has signed an agreement with Glenmark Pharmaceuticals Ltd to acquire its intimate hygiene brand VWash. The deal includes acquisition of intellectual property rights...
HUL board to meet on April 1 to declare merger with GSKCH
Hindustan Unilever on Friday said its board will meet on April 1 to declare that the merger with GlaxoSmithKline Consumer Healthcare (GSKCH) will be effective from that day. Hindustan Unilever Ltd (HUL) and GSKCH have...
Coca-Cola Brasil asks court to void Heineken acquisition in Brazil: report
Coca-Cola Brasil has filed a motion in a Brazilian court to annul the 2017 Heineken (HEIN.AS) acquisition of Brasil Kirin , the Valor Economico newspaper reported on Friday, citing court documents. According to the...
Carlyle, Orkla Foods, TA Associates in race to buy Sunrise Foods
Kolkata-based Sunrise Foods Pvt. Ltd, which sells Indian spices, has received interest from global private equity firms, including Carlyle Group and TA Associates, as well as Norwegian supplier of branded consumer goods...
Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for ₹4,350 crore
Yoga guru Baba Ramdev’s Patanjali Ayurved on Wednesday made its first big acquisition when it paid ₹4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition...
NCLAT grants one more week to Patanjali Ayurved to complete Rs 4,350-crore Ruchi Soya deal
The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted another extension, of one week, to Baba Ramdev-led Patanjali Ayurved for completion of Rs 4,350-crore resolution plan to acquire debt-ridden edible...
Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal
Nestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016. Froneri was created...
Dabur has ‘war chest’ to buy companies, expand in rural India
Dabur India Ltd., the household goods maker controlled by the billionaire Burman family, is willing to spend part of its about $500 million cash reserve to acquire companies and revive sales that grew at the slowest...
Wipro acquires South African personal care company
Wipro Consumer Care and Lighting (WCCL), the consumer care business of software provider Wipro Ltd, has acquired South African personal care maker Canway Corporation to enter the country with 58 million consumer base...
ITC acquires minority stake in FMCG vending machine start-up
ITC Ltd is going to acquire up to 33.42% stake in homegrown start-up Delectable Technologies which is in the business of fabricating vending machines and application based sale of FMCG products through such machines...
Nestle to return $20 bn to shareholders by 2022, eyes M&A deals
Nestlé SA plans to return as much as $20 billion to shareholders by 2022 and indicated an appetite for acquisitions to help chief executive officer (CEO) Mark Schneider sustain faster growth and better profit margins...
