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...
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...
