A proposed combination of Unilever’s food business with U.S. spice maker McCormick would offer the British group’s shareholders a majority stake in the new entity and tax benefits, two people familiar with...
Food and beverage
Sula Vineyards inks deal to acquire Chandon’s Nashik winery
Sula Vineyards said it has signed a definitive agreement with Moet Hennessy India to acquire the wine production facility and estate of Chandon in Dindori, Nashik, as part of its expansion strategy. Spread across 19...
Pernod Ricard in merger talks with Jack Daniel’s maker Brown-Forman
France’s Pernod Ricard and Jack Daniel’s owner Brown-Forman are in discussions about a possible merger, the companies said on Thursday, a move that would unite the world’s second-largest spirits maker...
ABF’s Hovis takeover clears Britain review, flagged in Northern Ireland
Britain’s competition regulator on Thursday flagged competition risks in Northern Ireland over Associated British Foods’ acquisition of rival Hovis, while provisionally clearing it in Britain after finding...
Unilever in talks to combine food business with McCormick, WSJ reports
Unilever is in talks to separate its food business and combine it with spice maker McCormick in an all-stock deal that could come within weeks, the Wall Street Journal reported on Thursday, citing sources. A deal, if...
Varun Beverages to acquire South African firm Crickley Dairy
Varun Beverages on Tuesday said its South African subsidiary Bevco will acquire Crickley Dairy Proprietary for Rs 131.47 crore. The Beverage Company Proprietary Ltd (Bevco) “has executed an agreement dated March...
Unilever considers separation of its food assets, Bloomberg News reports
Unilever is in the early stages of weighing a separation of its food assets as the consumer goods maker plans to streamline its business, Bloomberg News reported on Tuesday, citing people familiar with the matter...
Allied Blenders’ board nod to acquire 50% stake in Kion Blenders
Allied Blenders and Distillers announced that its board has approved to enter into shareholders’ agreement with Kion Blenders Industries to acquire a 50% stake from the existing shareholders. Kion Blenders...
Owner of Four Loko explores sale of storied alcohol brand, sources say
The parent company of Four Loko, the canned alcoholic beverage that became a college campus sensation in the late 2000s before being reformulated under regulatory pressure, is exploring a sale of the brand that could...
Asgard Alcobev completes acquisition of CMJ Breweries
Asgard Alcobev, formerly known as Banganga Paper Industries, has completed the acquisition of CMJ Breweries, a leading contract brewing facility in Northeast India. The company has acquired a 78.9 per cent stake in the...
Chili’s Grill & Bar operator in talks to sell minority stake at ₹800 crore valuation
Trimex Foods, which operates global cafe and restaurant brands Chili’s Grill & Bar, Cinnabon and Paul Bakery in India, has mandated EY to sell a minority stake, people aware of the development said. They are in...
Japan’s Kirin to sell Four Roses bourbon brand to Gallo for $775 million
Japanese brewer Kirin Holdings said on Friday it will sell its Kentucky bourbon brand Four Roses to E&J Gallo Winery of the U.S. for up to $775 million. Kirin, which bought Four Roses in 2002, said it was looking to...