German consumer goods firm Henkel AG has called off talks to acquire a 26% stake in Indian soaps and detergent maker Jyothy Laboratories Ltd, a top company executive said. Henkel AG chose not to exercise its option to...
FMCG
Unilever to buy tea brand Tazo from Starbucks for $384 million
Unilever (ULVR.L) (UNc.AS) said on Thursday it would buy the specialty tea brand Tazo from Starbucks in a deal valued at $384 million. This acquisition is the latest in a string of deals by the Anglo-Dutch consumer...
Devonshire Capital to acquire 51% stake in Ruchi Soya
Merchant banking firm Devonshire Capital is planning to acquire 51 percent stake in Ruchi Soya IndustriesBSE 0.17 % (RSIL) and will invest Rs 4,000 crore in certain branded packaged oils distribution business of the...
Kishore Biyani-led Future Consumer forms JV with EK Sons Agro Foods
Kishore Biyani-led packaged consumer goods firm Future Consumer Ltd has set up a joint venture with EK Sons Agro Foods Limited, the company said in a stock exchange filing on Tuesday. Future Consumer has signed a pact...
Goodricke acquires Godfrey Phillips India’s eight tea brands for Rs20 crore
Tea producer Goodricke Group Ltd on Tuesday acquired eight tea brands of Godfrey Phillips India Ltd for a consideration of Rs20 crore. The deal will give Goodricke Group rights to the trademarks, titles and brands...
Bajaj Corp to acquire niche brands, eyes 65% share in hair oil segment
FMCG major Bajaj Corp is looking at acquisition opportunities targeting niche brands and also aiming to capture a market share of 65 percent in light hair oil segment by 2018-19. “Will seek inorganic growth...
Sanjiv Goenka group looks at FMCG buys
The RP-Sanjiv Goenka Group has ambitious plans for the newest entrant in its business, fast-moving consumer goods (FMCG). Launched this April, the business will end the year with a turnover of Rs 500 crore. Over the...
Godrej Agrovet raises Rs 340 cr via anchor placement
Godrej Agrovet has raised a little more than Rs 340 crore by allotting shares to anchor investors. According to a stock exchange filing, the FMCG company has allotted 7.41 million shares to 25 anchor investors. Some of...
Nestle plans $10-billion revamp
Nestlé may buy or sell businesses with combined sales of almost $10 billion as Chief Executive Officer Mark Schneider embarks on the biggest overhaul of the world’s largest food company in at least a decade. Selective...
Britannia to invest Rs100 crore to boost premium biscuit market share
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...
