Tata Consumer Products Ltd (TCPL) on Thursday said it will transfer its tea cafe business ‘Tata Cha’ to group firm IHCL, which operates Taj group of hotels. Tata Cha would be of Qmin brand of IHCL, according...
ITC exploring acquisition opportunities, will examine alternate structures in hotel biz: MD Sanjiv Puri
ITC Ltd is “proactively exploring” acquisition opportunities in the fast moving consumer goods (FMCG) business to build additional pillars of growth, while it will continue to examine alternate structures in the hotel...
Marico to acquire 60% in Apcos, that owns Just Herbs
Marico Limited said it will acquire a 60% stake in Apcos Naturals Private Limited over the next two years through primary infusion and secondary buy-outs. Apcos owns Just Herbs, a range of ayurvedic and organic skin and...
Tata Consumer looks to step up acquisition, organic growth plans
The pandemic’s second wave is much more widespread than the first, affecting rural areas that were largely untouched last year, said Sunil D’Souza, managing director and chief executive of Tata Consumer Products Ltd...
Nestle buys vitamin brands from KKR for $5.75 billion
Nestle SA agreed to buy vitamin maker Bountiful Co. for $5.75 billion, becoming a world leader in the field of minerals and supplements as the pandemic boosts demand for pills for health-conscious consumers. Nestle...
Nestle confirms discussions to acquire vitamin maker Bountiful
Nestle is in discussions to buy nutritional supplement maker The Bountiful Company, the Swiss food giant said on Monday, confirming earlier reports it was close to a deal in the mid-single-digit billions...
Unilever to buy food supplement brand Onnit
Unilever Plc is acquiring food supplement company brand Onnit, the consumer goods giant said on Monday, joining rival Nestle SA in expanding its portfolio of brands focused on health and nutrition. The company did not...
NCLT approves amalgamation of Sunrise Foods with ITC, says company
ITC on Friday said the National Company Law Tribunal (NCLT) has approved the amalgamation of its recently acquired spice company Sunrise Foods with itself. In a notice to the stock exchanges, ITC said the Kolkata bench...
Nestle agrees to sell US water business for $4.3 billion
Nestle SA agreed to sell its bottled-water business in the U.S. and Canada to private-equity firm One Rock Capital Partners for $4.3 billion, as the food giant continues to revamp its portfolio. The sale to One Rock...
Kraft Heinz to sell Planters, Corn Nuts brands to Hormel for $3.35 billion
Kraft Heinz Co said on Thursday that it plans to sell its nuts business – including most Planters and Corn Nuts products – to Hormel Foods Corp for $3.35 billion, sending shares up 6%. The Chicago-based...
Emami scouting for acquisitions to strengthen footprint, says company’s director
FMCG major Emami Ltd is looking out for acquisitions both in India and international markets to strengthen its footprint, while also tapping at opportunities arising out the coronavirus pandemic, according to a senior...
Mondelez to buy rest of chocolate-bar maker Hu – WSJ
Mondelez International Inc is nearing a deal to buy Hu Master Holdings in a transaction that values the chocolate-bar maker at more than $250 million, the Wall Street Journal reported Monday, citing people familiar with...
