Britannia Industries Ltd is investing Rs100 crore to revamp its premium biscuits products portfolio to boost market share in the category to 50% in two years from 35% now, a top company executive said. Britannia will...
LIC buys more shares in FMGC major Nestle India, total stake now at 5%
Life Insurance Corporation has acquired 40,000 shares in FMCG major Nestle India through an open market purchase, as a result of which the total holding of the insurance behemoth has gone up to 5.01 per cent...
Raymond buys joint venture partner’s stake in JK Ansell, owner of KamaSutra brand
Textile major RaymondBSE 6.25 % has acquired remaining 50 per cent stake in joint venture JK Ansell in an effort to scale up its consumer products business and take its key brand KamaSutra globally. As part of the deal...
Emami eyes further acquisition to grow health and personal care segments
Emami Ltd, a company that has grown its portfolio and market share through acquisitions in segments it did not have a presence in earlier, is now eyeing new deals this year to grow its healthcare and personal care...
Marico South Africa acquires hair styling brand Isoplus
FMCG major Marico on Friday said its wholly-owned subsidiary Marico South Africa has acquired hair styling brand Isoplus for 75 million South African Rand (over Rs36 crore) from JM Products Pty. The acquisition will...
Lemonheads owner Ferrara eyes Nestle’s candy business: sources
Ferrara Candy Co, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA’s (NESN.S) U.S. candy business, people familiar with...
Unilever vies with Hormel to buy Reckitt food unit -Sunday Times
Anglo-Dutch conglomerate Unilever is vying with U.S. canned meat producer Hormel Foods Corp to buy the foods division of British consumer goods maker Reckitt Benckiser, the Sunday Times newspaper reported, citing...
Nestle plans $20.8 billion share buyback amid Third Point pressure
Nestle (NESN.S) plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost...
Godrej Consumer Products eyeing an acquisition to enter skincare market
Godrej Consumer Products Ltd (GCPL) may buy a company in India, potentially in the skincare business, having consolidated its African joint ventures (JVs) by acquiring controlling stakes in them. “If we were to get an...
Nestle may sell U.S. confectionery business
Nestle (NESN.S) may sell its roughly $900 million-a-year U.S. confectionery business, which includes Butterfinger and BabyRuth, in the Swiss food group’s latest effort to improve the health profile of its...
Eveready to form JV with McLeod Russel India
EvereadyBSE -0.50 % today said it plans to enter into a joint venture with tea growing firm McLeod Russel IndiaBSE -0.15 % for development of the packet tea business through a separate entity. “The company will...
Dabur acquires South African firm for Rs 25 crore
DaburBSE 0.31 % has bought South African hair care brand Long and Lasting by acquiring both its manufacturer and distributor, the company said in a filing on the Bombay Stock Exchange late on Wednesday. Dabur South...
