Unilever Plc is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the...
NCLT admits plea to initiate insolvency against Sahara Group entity Sahara Q Shop
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Sahara Q Shop Unique Products Range Ltd, the FMCG and retail arm of Sahara India Pariwar, under the Corporate Insolvency Resolution Process...
Wipro Consumer Care acquires three soap brands from VVF Ltd
Wipro Consumer Care and Lighting (WCCL) has bought three soap brands – Jo, Doy, and Bacter Shield – from VVF Limited, its third acquisition over the past year, part of its wider strategy to expand into newer...
Tata mulls sale of Voltas home appliances business – Bloomberg News
Tata Group is considering selling the home appliances business of Voltas, in which it has a nearly 30% stake, as the conglomerate expects difficulties in scaling it up in a competitive market, Bloomberg News reported on...
Adani in talks to exit JV with Wilmar
Adani Group is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Ltd, which owns the Fortune brand of edible oils and packaged grocery, said executives...
Tata Consumer to merge 3 wholly-owned subsidiaries – NourishCo, SmartFoodz and Soulfull
Tata Consumer Products Ltd said it would merge its three wholly-owned subsidiaries — NourishCo Beverages, Tata SmartFoodz and Tata Consumer Soulfull — to ensure “more effective utilisation of the...
GST body probes Godrej’s ₹2,825 crore acquisition of Raymond’s consumer goods business
The Directorate General of GST Intelligence (DGGI) is probing a recent deal in which Raymond sold its consumer goods business to a Godrej unit, sources aware of the matter told ET. The sources cited said the GST...
Emami acquires stake in Axiom Ayurveda, enters health juice segment
Homegrown FMCG major Emami Ltd. announced entering the health juice category, with the acquisition of a 26% stake in Axiom Ayurveda Pvt Ltd., which markets a range of beverages under the brand name AloFrut. The deal...
Tata Consumers denies report of buying 51% stake in snack food maker Haldiram’s
The Tata Group’s consumer unit, Tata Consumer Products Ltd has denied the report carried out by news agency Reuters that it is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s but...
Nestle buys Brazil chocolate maker Kopenhagen -reports
Nestle has agreed to acquire Brazilian chocolate brand Kopenhagen, local media reported on Wednesday, citing people familiar with the matter. Website Brazil Journal said Nestle will pay about 3 billion reais ($602.78...
Dabur scouting for acquisition targets in D2C healthcare, personal care
Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The...
Marico to acquire majority stake in nutrition brand Plix for ₹369 cr
Packaged consumer goods company Marico Ltd has signed a definitive agreement to acquire a majority stake in Satiya Nutraceuticals Private Ltd that owns plant-based nutrition brand Plix for ₹369 crore. “In line with our...
