FMCG firm GRM Overseas announced on Wednesday the acquisition of a 44 per cent stake in Rage Coffee. This significant strategic investment will be in Swmabhan Commerce Pvt Ltd, the parent company of the digital-first...
Mars to buy Pringles maker Kellanova for $36 billion in 2024’s biggest deal
Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest deal to...
Snickers maker Mars to acquire Kellanova for nearly $30 bln, source says
Family-owned candy giant Mars, whose brands include M&M’s and Snickers, is nearing a deal to acquire Kellanova, maker of snacks such as Cheez-It and Pringles, for nearly $30 billion, a person familiar with the...
L’Oreal acquires 10% stake in dermatology company Galderma
L’Oreal has announced the acquisition of a 10% stake in dermatology solutions provider Galderma Group, the French cosmetics giant said in a statement on Monday. The company acquired the shares from Sunshine...
Snickers maker Mars explores acquisition of Kellanova, sources say
Family-owned food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with...
Adani Wilmar could add regional kitchen essential brands to portfolio, seeking wider market share
Edible oil maker Adani Wilmar Ltd said it could invest in regional companies in categories such as spices, condiments and ready-to-cook meals, aiming for a larger share of the packaged food market. “After we bought the...
Emami likely to acquire 100% stake in The Man Company
FMCG maker Emami Ltd may seek complete ownership of Helios Lifestyle, which owns men’s grooming brand The Man Company, said two industry executives. Emami currently holds a 50.4% stake in Helios. A potential deal...
HUL to sell water biz to AO Smith India for Rs 601 crore
Hindustan Unilever Limited said it has signed an agreement to sell its Pureit water business AO Smith, for an enterprise value of Rs601 crore. Launched two decades ago, the water purification brand is part of...
General Mills explores sale of $2 billion-plus yogurt business in North America, sources say
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion...
TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company
Private equity group Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people...
Not keen to dilute any more of remaining 25.51% stake in ITC: BAT CEO
Fresh from the divestment of 3.5% holding in ITC Ltd, the conglomerate’s largest shareholder BAT Plc chief executive Tadeu Marroco said it does not want to dilute any more of its remaining 25.51% stake in ITC since BAT...
Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy
The government has no immediate intentions to divest its share in ITC, held through SUUTI, despite British American Tobacco (BAT) reduced its stake through a block deal in the Kolkata-based FMCG company, according to...
