Indian snacks and sweets major Haldiram Snacks Pvt. Ltd is in advanced discussions to invest in Bengaluru-based Frozen Bottle, a quick service restaurant (QSR) chain that sells milkshakes and desserts, said three people...
Philip Morris and Altria in merger talks as Marlboro fades and e-cigs light up
Marlboro maker Philip Morris International Inc said on Tuesday it was in talks to reunite in a merger with Altria Group Inc following its 2008 spin-off, as the tobacco giants seek to pool resources in the fast growing e...
ITC not keen to buy Cafe Coffee Day
ITC Ltd is not going to acquire stake in the Café Coffee Day chain since it did not find a fit with its business and also not keen to take on the debt of the coffee chain on its shoulders, two senior industry executives...
British American Tobacco’s takeover of Twisp wins South Africa approval
British American Tobacco’s (BAT) proposed takeover of e-cigarette maker Twisp won approval from South Africa’s Competition Tribunal on Tuesday after the UK-based group agreed to a series of conditions. The local unit of...
Campbell confirms sale of Australian snacks unit Arnott’s to KKR for $2.2 billion
Campbell Soup Co (CPB.N) on Friday confirmed that it signed a deal to sell its Australian snacks unit Arnott’s and some of its international operations to KKR & Co Inc (KKR.N) for $2.2 billion as the U.S. company...
KKR buying Australian Tim Tam cookie maker from Campbell for $2.2 billion
KKR & Co (KKR.N) said it is buying Campbell Soup Co’s (CPB.N) Australian snacks unit Arnott’s Biscuits that will give it ownership of top-selling cookie brands such as Tim Tam, in a deal local media reported was...
Colgate to buy skin care business of France’s Filorga for $1.69 billion
Colgate-Palmolive Co (CL.N) said on Thursday it would buy the skin care unit of France’s Laboratoires Filorga Cosmétiques for 1.50 billion euros ($1.69 billion), as the consumer goods company bolsters its personal care...
Ruchi Soya: Resolution may be delayed as NCLT wants to study impact of revised NLCAT order on Essar Steel
The Mumbai bankruptcy tribunal NCLT Tuesday directed the resolution professional of Ruchi Soya to find out whether the appellate tribunal NCLAT’s last week’s order on Essar Steel- ArcelorMittal matter would...
SBI Mutual Fund bets big on Emami, increases stake from 0.68% to 8.8%
SBI Mutual Fund (MF) has aggressively hiked stake in homegrown FMCG company Emami. The country’s third-largest fund house’s stake in the company increased from 0.68 per cent to 8.8 per cent. This stake was acquired from...
Kellogg to take $35 million pretax hit on North America unit revamp
Kellogg Co said on Tuesday it would take a pretax charge of about $35 million to restructure its North American business following the sale of its popular Keebler biscuits brand and other assets. The cereal maker said...
Wipro Consumer Care’s growth strategy: explore acquisitions in FMCG sector
Wipro Consumer Care & Lighting, a $1 billion dollar plus firm, will continue to scout for acquisitions in the Fast Moving Consumer Goods (FMCG) sector in domestic and South Asian markets besides growing organically...
GSK Consumers Healthcare gets shareholders’ approval for merger with HUL
GSK Consumers Healthcare Ltd said Sunday that its shareholders approved its proposed merger with FMCG major HUL. The company has received 99.99 per cent votes in favour of the scheme of amalgamation among the company...
