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...
FMCG
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...
Nestle partners Google, Paytm to promote new Maggi noodles
FMCG major NestleBSE -1.14 % has collaborated with Google and Paytm’s e-commerce platform Paytm Mall to roll out promotions for new variants of Maggi noodles. Paytm Mall has created a special Maggi brand store to...
Should LIC invest in ITC? Bombay High Court to decide
Tata Trusts trustees R Venkataramanan and Laxman Sethuraman along with five others have filed a public interest litigation (PIL) in the Bombay High Court against the union government, the Insurance Regulatory and...
Unilever to buy back $5.3 billion of stock, divest spreads
Unilever plans to buy back €5 billion euros of stock and divest its spreads business in an effort to boost the share price after fending off a takeover bid by Kraft Heinz Co. The dividend also will be increased by 12%...
