Tata Consumer Products Limited (TCPL) on Thursday said its step-down subsidiaries in the US are divesting their entire stakes in Empirical Group LLC and Southern Tea LLC to their joint venture partner Harris Tea Company...
IFC picks up 4.55% for over 100 crore in Dodla Dairy
The World Bank Group entity International Finance Corporation (IFC) has picked up 4.55% stake in global private equity firm TPG-backed Dodla Dairy, the third-largest private dairy firm in South India, by investing over...
Jubilant FoodWorks sings deal with US-based restaurant brand Popeyes
Jubilant Foodworks Limited is all to introduce American multinational chain of fried chicken fast food restaurants ‘Popeyes’ to India. The popular Indian food services company “has entered into an...
Bankruptcy court admits insolvency plea against listed beverage firm Manpasand Beverages
The dedicated bankruptcy court has admitted the Corporate Insolvency Resolution Process (CIRP) against BSE-listed Manpasand Beverages Ltd. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has appointed...
Diageo buys hard seltzer brand Lone River Ranch Water
Johnnie Walker whisky maker Diageo said on Monday it has acquired Far West Spirits LLC, the parent company of Lone River Ranch Water, as it looks to expand in the fast-growing hard seltzer category. Hard seltzer –...
Mexico’s Grupo Bimbo buys iconic bread brand Modern Foods
Home grown private equity fund Everstone Capital has sold its iconic bread brand Modern Foods to Mexico’s largest food and bakery company, Grupo Bimbo. Everstone’s bread and bakery platform Everfoods Asia...
Coca-Cola Femsa, Heineken reach deal over distribution in Brazil
Mexican Coke bottler Coca-Cola Femsa said on Wednesday that it had reached an agreement with Heineken NV over distribution in Brazil, a move that clears a significant legal hurdle for the Dutch brewer’s expansion in the...
United Spirits kicks off strategic review of popular brands
Liquor maker United Spirits Ltd (USL) is initiating a strategic review of select popular brands in the country, it said on Tuesday. This comes as it chases more profitable growth by way of premiumizing its portfolio of...
LVMH’s Moet Hennessy buys 50% of Jay-Z’s champagne brand Armand de Brignac
LVMH’s Moet Hennessy has bought a 50% stake in Armand de Brignac, a Champagne producer owned by rapper Jay-Z, another sign of a close relationship between the luxury industry and hip-hop culture. No financial terms were...
Jubilant Foodworks to acquire Fides Food Systems through Netherlands-based arm
Jubilant Foodworks Limited (JFL), which operates Domino’s Pizza and Dunkin Donuts in India, willfully acquire Netherlands-based Fides Food Systems, for GBP 24.80 million through its wholly-owned subsidiary –...
France’s Danone buys U.S. plant-based foods firm Earth Island
Danone has agreed to buy U.S. plant-based foods specialist Earth Island, in a deal that would help the French food group reach a target of generating 5 billion euros ($6.1 billion) of plant-based sales worldwide by 2025...
Haldirams | Futurelife: Haldiram’s partners with Futurelife to bring nutritional product range to India
Food and snack company Haldiram’s has partnered with Africa’s Futurelife to bring its nutritional food product range to India. The two companies on Thursday announced the launch of a range of four products...
