Cloud kitchen start-up Curefoods has acquired a majority stake in milkshake brand Frozen Bottle. Founded by Cultfit co-founder and former Flipkart executive Ankit Nagori in 2020, Curefoods has acquired 20 food brands to...
Hatsun Agro plans to sell assets of ready-to-eat business
Hatsun Agro Product Ltd on Saturday said its board will meet on March 9 to consider a proposal to sell assets of the company’s ready-to-eat business. In a regulatory filing, the company said its board of directors...
LT Foods acquires 51% stake in Golden Star Trading
LT Foods, a 70-year-old consumer food company, on Thursday announced the acquisition of 51% stake in Golden Star Trading Inc. along with its brand Golden Star through its subsidiary LT Foods Americas Inc. (LTFA) with a...
Bajaj Hindusthan Board gives in-principle nod for capital restructuring
Bajaj Hindusthan Sugar, India’s largest sugar manufacturer, on Thursday received the Board’s in-principle nod for exploring options for capital restructuring, resolution plan for debt and other corporate...
Hong Kong fund to sell Japan, S.Korea Burger King business – Nikkei
Hong Kong fund Affinity Equity partners plans to sell its Japan and South Korean Burger King business and could fetch around 100 billion yen ($874 million), the Nikkei business daily reported on Monday. ($1 = 114.4800...
Darling Ingredients to buy Valley Proteins for about $1.1 billion
Sustainable food processing firm Darling Ingredients Inc said on Tuesday it had agreed to buy Valley Proteins Inc, a startup focused on collection and recycling of waste, for about $1.1 billion in an all-cash deal. The...
UBL challenges Rs 752 crore CCI penalty before NCLAT
Beer maker United Breweries Ltd (UBL) has approached the appellate tribunal NCLAT against Rs 751.8 crore penalty imposed on the company by the fair trade regulator CCI. The Competition Commission of India on September...
Cargill acquires Nellore-based edible oil refinery
Edible oil maker Cargill has acquired an edible oil refinery located in Nellore, Andhra Pradesh. The $35 million investment to acquire and upgrade the facility will “significantly” expand Cargill’s edible...
South Africa’s Bakers biscuit owner AVI in deal talks with Oreo maker Mondelez
South African food producer and fashion retailer AVI Ltd said on Wednesday it is in talks with Oreo cookie maker Mondelez International regarding a potential sale of its snacks and biscuits business. The Choice Assorted...
U.S. Justice Department files lawsuit to stop sugar merger
The U.S. Justice Department said on Tuesday it has filed an antitrust lawsuit aimed at blocking U.S. Sugar Corp from buying rival Imperial Sugar Co, a deal the government said could drive up the price of sugar for...
Unilever to sell Lipton Tea owner to CVC Capital for $5 Billion
Unilever Plc, the owner of Lipton and PG Tips, agreed to sell some tea assets to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company. The transaction values the business at 4.5...
Carlyle agrees to buy S.Korea coffee chain from PE fund Anchor
Carlyle Group said on Friday an affiliate had agreed to acquire South Korean coffee and cake chain A Twosome Place Co Ltd from private equity fund Anchor Equity Partners. A Carlyle spokesperson declined to comment on...
