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...
Tata Consumer Products not to acquire Bisleri, ceases talks
Tata Consumer Products Ltd said that it had ceased discussions with packaged water maker Bisleri International about a potential acquisition. The company in its regulatory filing said that it has not entered into any...
Kedaara Capital acquires majority stake in Oliva Skin & Hair Clinic
Private equity firm Kedaara Capital has acquired a majority stake in dermatology services Oliva Skin & Hair Clinic, it said in a statement on Monday. This is Kedaara’s third investment in the single-speciality...
Sugar maker Tereos to sell Romanian business to local investors
French sugar producer Tereos said that two Romanian investors would take over the cooperative’s loss-making sugar business in the country, which it had planned to close for over a year as part of a wider strategy...
Juul in deal talks with three tobacco giants – WSJ
E-cigarette maker Juul Labs Inc is in early talks with three tobacco giants for a potential sale, strategic investment, licensing or distribution deal, the Wall Street Journal reported, citing people familiar with the...
ITC to acquire Yoga Bar to expand presence in fast growing healthy foods space
ITC Ltd announced it is going to acquire 100% in the makers of the health-conscious brand Yoga Bar, Sproutlife Foods Pvt Ltd, in an all-cash deal over the next 3-4 years. The conglomerate will pay Rs 255 crore for 47.5%...
HCCB revives plans to sell Coca-Cola’s bottling business
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, has revived plans of selling its business as a robust post-pandemic recovery boosts valuation again, executives directly aware of the development said...
Hindustan Unilever completes purchase of 51 pc stake in Zywie Ventures
FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a 51 per cent stake in Zywie Ventures for a consideration of Rs 264.28 crore. Now, Zywie Ventures, a wellness company, has become a...
Dabur acquires 51% majority stake in Badshah Masala
Dabur India has completed the acquisition of 51% stake in Badshah Masala paving the way for FMCG major to enter the branded spices and seasoning market. Badshah Masala is engaged in the business of manufacturing...
