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...
Bunge finalizing $30 billion-plus merger with Viterra – sources
U.S. grains merchant Bunge Ltd is putting the final touches on a deal to merge with Glencore Plc -backed peer Viterra and create an agricultural trading giant worth more than $30 billion, including debt, people familiar...
Kingsway Capital in talks with Big Tobacco over AIR stake sale
Britain’s Kingsway Capital has started meetings with big tobacco firms as the private equity firm prepares to sell its stake in Dubai-based tobacco business Advanced Inhalation Rituals (AIR), two sources familiar...
DS Group acquires chocolate brand LuvIt, to expand confectionary business
Dharampal Satyapal Group (DS Group) confirmed the acquisition of The Good Stuff, owner of chocolate and confectionary brand LuvIt. According to media reports, with this acquisition, the DS Group aims to expand its...
Grain trader Viterra in talks to merge with rival Bunge – source
Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, a person familiar with the matter said, in a potential mega deal that would reshape the top tier of global grains merchants. There is no...
NCLAT set aside insolvency proceedings against McLeod Russel
The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against leading bulk tea producer McLeod Russel following a settlement between the promoter and IL&FS Infrastructure Debt...
French group Avril in talks to buy Axereal animal feed business
French oilseed and protein group Avril said it was in exclusive talks with grain cooperative Axereal to buy all of its animal nutrition activities, which it then plans to combine with its animal feed unit Sanders. It...
Global, Indian FMCG companies in race for Capital Foods
Nestle, Kraft Heinz, Hindustan Unilever, Tata, ITC, Orkla and Nissin Foods are among the contenders for an estimated $1-$1.25 billion-plus buyout of Capital Foods Pvt Ltd, the maker of condiments, food products and...
CCI approves demerger of FMCG business of Haldiram Snacks and Haldiram Foods
The Competition Commission of India (CCI) has approved the demerger of the FMCG business of Haldiram Snacks and Haldiram Foods into Haldiram Snacks Food. The CCI also approved the acquisition of 56% and 44% shareholding...
L’oreal buys Australian brand Aesop from Natura in $2.5-billion deal
L’Oreal announced Tuesday the signing of an agreement with Brazil’s Natura & Co to acquire its Australian luxury cosmetics brand Aesop in a deal valued at $2.53 billion. The Aesop brand posted sales of...
No plans to sell Bisleri: Ramesh Chauhan after Tata calls off negotiations
Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products...
