ITC LTd. has increased its stake in baby and mother care brand Mother Sparsh to 22% for an estimated ₹13.50 crore, according to a regulatory filing by the company. “This has reference to our letters dated 26th November...
Parle in talks to buy Polish biscuit maker Dr Gerard: Report
Indian biscuit maker Parle Products is in discussions to consider buying Poland-based peer Dr Gerard from private equity firm Bridgepoint, newspaper Economic Times reported, citing people aware of the matter. Dr Gerard...
Britannia acquires controlling stake in Kenya-based Kenafric Biscuits
Leading bakery foods company Britannia Industries has acquired a controlling stake in Kenya-based Kenafric Biscuits, a move which will help the company set up a manufacturing base and expand sales in the African markets...
Britannia acquires 51% of equity share capital in Kenya’s Kenafric Biscuits
Britannia Industries on 3 October said that it has acquired a controlling stake in Kenya’s Kenafric Biscuits Ltd and took full control over Catalyst Britannia Brands Ltd. Britannia and Associates (Dubai) Pvt Co...
Nestle to invest ₹5,000 crore in India, explore acquisitions
Nestle SA, the world’s largest food company, will spend ₹5,000 crore to build factories and research centres in India till 2025 as the growing middle class in Asia’s third-largest economy steps up spending on food and...
Reliance Industries in talks to buy bunch of FMCG brands
Reliance Industries Ltd is in talks to acquire brands such as Garden Namkeens from CavinKare, besides other brands such as Lahori Zeera and Bindu Beverages in a bid to strengthen its fast-moving consumer goods (FMCG)...
SBI starts insolvency proceedings against Bajaj Hindusthan Sugar
Country’s largest lender SBI has initiated insolvency proceedings in the National Company Law Tribunal (NCLT) against Bajaj Hindusthan Sugar, the company said in a regulatory filing on Tuesday. The petition has...
Nestle announces acquisition of Purina pet care, launch of global nutrition brand Gerber
Packaged foods company Nestle India announced the acquisition of pet food maker Purina Petcare for Rs 123.5 crore, and the launch of its global child nutrition brand Gerber on Thursday. The company, which also announced...
Emami acquires 30% stake in pet-care startup Cannis Lupus Services
FMCG firm Emami Ltd has acquired a 30% stake in a pet-care start-up, Cannis Lupus Services India, in an all-cash deal for an undisclosed amount. In a release, Emami said the company will roll out a range of natural...
Kellogg to split into three companies; corporate HQ moves to Chicago
Kellogg, the maker of Frosted Flakes, Rice Krispies and Eggo, said it was splitting itself into three separate companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns and MorningStar...
ITC acquires 10% stake in Blupin Technologies
Diversified entity ITC said it has acquired a 10.07 per cent stake in Blupin Technologies Pvt Ltd, the company behind the direct-to-consumer (D2C) brand, Mylo. The FMCG major in April had announced the acquisition of a...
Marico to acquire 54% in health food brand True Elements
Marico Limited has announced a strategic investment in HW Wellness Solutions, owner of health food brand True Elements, with an acquisition of 54% equity stake through primary infusion and secondary buyouts. The maker...
