European private equity firm Investindustrial will buy a majority stake in Eataly to accelerate the upmarket Italian food chain’s global expansion, the two companies said in a joint statement on Wednesday. The...
Adani Wilmar eyes acquisitions to push food business
Adani Wilmar Ltd., the kitchen essentials firm owned by Gautam Adani, is scouting for local and overseas acquisition targets as Asia’s richest man doubles down on boosting his empire’s food operations weeks after...
South Africa approves Heineken’s takeover of Distell with conditions
South Africa’s Competition Commission approved Heineken’s purchase of wine and cider company Distell Group as long as the merged entity invests more than 10 billion rand ($578 million) over five years in the...
Mutual Funds Sundaram, SBI buy stakes in Hatsun Agro for ₹269 cr in open market
Dairy products maker, Hatsun Agro Product on Tuesday climbed nearly 4% on exchanges after two major mutual fund houses bought certain shares in the company via the open market. At the same time, promoter Raja Ganesan...
Captain Fresh close to buying Beaver Street
Captain Fresh, a business-to-business seafood marketplace, is close to acquiring US-based Beaver Street Fisheries at an enterprise value of $600 million, three people aware of the matter said. The farm-to-retail...
CVC in talks to exit top Indonesian snacks maker GarudaFood
Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters...
Third Eye Distillery takes controlling stake in Svami
Third Eye Distillery Holdings, the makers of Indian gin Stranger & Sons, has acquired a controlling stake in craft tonics and mixers brand Svami, owned by Foxtrot Beverages Private Limited. Third Eye co-founder...
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...
Royal Unibrew to buy Canada’s Amsterdam Brewery in $40 million deal
Danish brewer and beverage maker Royal Unibrew will acquire Canadian craft brewer Amsterdam Brewery in a deal valued at around 250 million Danish crowns ($34 million), Royal Unibrew said in a statement. “The...
Dabur buys entire stake in Asian Consumer Care
Packaged consumer goods maker Dabur India through its subsidiary Dabur International has acquired the entire stake in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for...
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...
Calcutta HC upholds state govt’s Metro Dairy stake sale to Keventer
The Calcutta High Court dismissed a petition alleging the sale of State’s Metro Dairy Limited (MDL) shares to Keventer Agro Ltd (KAL) in 2017 was non-transparent or opaque. A division bench of the court said the state...
