Brown-Forman has rejected a $32-per-share cash takeover offer from U.S. spirits maker Sazerac, according to a source familiar with the matter, weeks after talks between the Jack Daniel’s maker and France’s...
Food and beverage
Zappfresh in talks for majority stake in GM Foods
Direct-to-consumer fresh meat, seafood and snacks delivery company Zappfresh, owned by DSM Fresh Foods, is in talks to acquire a majority stake in Sonipat-based GM Foods in Haryana, which makes ready-cook breakfast...
India’s John Distilleries open to further stake sale to Sazerac, founder says
John Distilleries is open to selling more, and potentially all, of its founder’s remaining stake to U.S. spirits group Sazerac, following an earlier round valuing the Indian liquor maker at about 40 billion...
AB Foods to spin off Primark in bid to unlock group’s value
Associated British Foods plans to spin off Primark from its food businesses, telling investors on Tuesday that the fashion retailer will be better positioned to grow on its own. AB Foods said financial markets will...
Jack Daniel’s maker Brown-Forman favors Pernod Ricard bid over Sazerac, source says
The family that controls Jack Daniel’s maker Brown-Forman favors a potential sale to French distiller Pernod Ricard over a rival proposal from American spirits group Sazerac, a person familiar with the matter...
Sazerac bids $15 billion for Jack Daniel’s maker Brown-Forman, source says
U.S. spirits group Sazerac has offered to buy Brown-Forman for about $15 billion, a source familiar with the matter said on Wednesday, complicating Pernod Ricard’s attempt to merge with the Jack Daniel’s...
US spirits maker Sazerac explores deal with Jack Daniel’s owner, source says
Privately held U.S. drinks maker Sazerac is exploring a deal for Brown‑Forman, according to a source familiar with the matter, potentially emerging as a rival suitor for the Jack Daniel’s maker that is already in...
Unilever to buy supplements brand Grüns, boosting wellbeing focus post food spin-off
Unilever said on Thursday it will buy U.S.-based nutritional supplements brand Grüns for an undisclosed amount, as the British consumer goods giant increases its focus on wellbeing and beauty products. This is...
Magnum Ice Cream acquires 61.9% stake in Kwality Wall’s
Magnum Ice Cream Netherlands has completed the acquisition of a 61.9 per cent majority stake in Kwality Wall’s (India) Ltd (KWIL), resulting in a change in the promoter classification. “On 30th March, 2026...
Investor Artisan Partners backs Unilever’s plan to sell food unit
Artisan Partners, which has a history of driving strategic change at consumer companies, welcomed Unilever’s decision on Tuesday to merge its food business with McCormick, saying the Dove soap maker should now be...
Unilever and McCormick agree to food business deal
Unilever has agreed to separate its food unit, home to Knorr and Hellmann’s, and merge it with spice maker McCormick in a cash-and-stock deal valuing the British firm’s food business at about $44...
Magnum Ice Cream acquires 61.9% majority stake in Kwality Wall’s India
Magnum Ice Cream Netherlands has completed the acquisition of a 61.9 per cent majority stake in Kwality Wall’s (India) Ltd (KWIL), resulting in a change in the promoter classification. “On 30th March, 2026...
