Family-owned food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with...
Adani Wilmar could add regional kitchen essential brands to portfolio, seeking wider market share
Edible oil maker Adani Wilmar Ltd said it could invest in regional companies in categories such as spices, condiments and ready-to-cook meals, aiming for a larger share of the packaged food market. “After we bought the...
Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report
Blackstone Inc., the American investment firm, is expected to bid nearly ₹40,000 crore for a 51 per cent stake in the iconic Indian snack brand Haldiram’s, Moneycontrol reported on Monday, July 29, quoting people...
Large California wine producer files for bankruptcy, to sell assets
Vintage Wine Estates, one of the largest U.S. wine producers, filed for Chapter 11 bankruptcy on Wednesday, citing overexpansion, too much debt and a surplus of grapes as wine drinkers emerging from pandemic lockdowns...
’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s
Blackstone Inc. is in advanced talks with Haldiram’s, India’s largest family-run snacks business, to acquire a controlling stake in the company, Moneycontrol reported. The report quoted people aware of the...
Carlsberg to buy Britvic for $4.23 billion
Danish brewer Carlsberg agreed to buy London-listed soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion) as part of a plan to expand in the non-alcoholic beverage market and reduce reliance on beer sales...
Jollibee Foods to take control of S.Korea’s Compose Coffee in $340 mln deal
The Philippines’ biggest fast-food chain Jollibee Foods will acquire a majority stake in South Korea’s Compose Coffee, as part of a deal valuing the target at $340 million, the company said on Tuesday...
Patanjali Foods to buy group company’s non-food business for Rs 1,100 crore
Listed FMCG company Patanjali Foods will acquire group firm Patanjali Ayurved’s home and personal care business for Rs 1,100 crore, which will lead to consolidation of the Patanjali brand under its overall FMCG...
PepsiCo to waive clause in bottling deal as Carlsberg eyes $3.9 bln Britvic bid
Carlsberg said on Monday that PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making the British firm a more attractive acquisition after a $3.9 billion bid by the Danish brewer was rejected. The...
Drinks maker Britvic rejects $3.93 billion takeover proposal from Carlsberg
British soft drinks maker Britvic has rejected a 3.11 billion pound ($3.93 billion) takeover proposal from Carlsberg Group, the companies said on Friday, the second approach from the Danish brewer it has turned down...
Katy Perry-backed food products firm Bragg explores sale, sources say
Bragg Live Food Products, which is backed by celebrities Katy Perry and Orlando Bloom, is exploring a sale that could value the maker of apple cider vinegar at more than $500 million, including debt, according to people...
Snack maker Haldiram’s said to weigh IPO as sale talks stall
The owners of Haldiram Snacks Pvt Ltd. are exploring a possible initial public offering for the food producer and restaurant operator as plans to sell it to foreign investors have stalled, people familiar with the...
