Beauty and personal care products maker Biotique plans to dilute 10% equity as part of its public listing planned for next year, for which it intends to raise $300 million, the company’s founder Vinita Jain said...
Balaji Wafers may rethink stake sale plan as PE funds cite steep valuation
Ethnic packaged snacks Balaji Wafers’ minority stake sale is likely to have been put on the back burner, due to tepid responses from private equity funds and strategic investors, on account of the steep valuation...
Marico to acquire remaining 46% stake in True Elements
Home-grown FMCG products maker Marico has announced the acquisition of the remaining 46.02% shares of HW Wellness Solutions, which owns the True Elements brand. This will be done for a consideration of “up to Rs...
Kraft Heinz to split into two, unwinding merger that never paid off
Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed...
Ferrero close to acquiring cereal producer WK Kellogg for about $3 bn
Ferrero International SA, a closely held Italian candy maker, is close to acquiring cereal producer WK Kellogg Co. for about $3 billion, according to people with knowledge of the matter. Talks are advanced and a deal...
Mukesh Ambani’s Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans
Reliance Industries Ltd (RIL) is embarking on a restructuring exercise that aims to group all its fast-moving consumer goods (FMCG) brands, currently part of its retail ventures, into a new company so they get...
Unilever to pay $1.5 billion for men’s grooming brand Dr Squatch, FT reports
Unilever is paying $1.5 billion (1.09 billion pounds) to buy men’s personal care brand Dr Squatch from private-equity firm Summit Partners, the Financial Times reported on Friday, citing sources. The deal was...
CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram
The Competition Commission of India (CCI) on Tuesday approved the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited by Alpha Wave Ventures II LP and Alpha Wave IHC...
Unilever to acquire men’s personal care brand Dr Squatch
Dr. Squatch has reached millions of people through its retail and direct-to-consumer model with natural, high-performance personal care products including natural soaps and body washes, deodorants, hair care, skin care...
Kenvue mulls sale of some skin health and beauty brands, sources say
Kenvue is exploring the sale of some of its skin health and beauty brands, four people familiar with the matter said on Thursday, as the consumer health firm prunes an underperforming business segment to focus on core...
ITC bets on buyouts to grow food business
After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer...
Kraft Heinz looking at M&A opportunities; Berkshire Hathaway leaves board
Kraft Heinz said it was looking at strategic transactions as demand for its pricey snacks and ready-to-eat meals weakens in an uncertain economic environment. The company also said Timothy Kenesey and Alicia Knapp...
