The government of Uzbekistan will sell a stake in its joint venture with Coca-Cola through open bidding, it said on Monday, and plans to hire foreign investment banks to arrange the deal. Uzbekistan holds a 57.1% stake...
Milk Mantra raises $10 million from US-based DFC, gets tech package too
Milk Mantra, an Odisha-based new-age dairy food start-up, has raised $10 million (about Rs 80 crore) from US International Development Finance Corporation (DFC). DFC has also approved $371,000 (Rs 2.8 crore) in...
Nestle explores sale of Pure Life in overhaul of water business
Nestle is exploring a potential sale of part of its North American water business, including the Pure Life brand, it said on Thursday, as the food giant shifts focus to better performing brands. The business under...
Two private equity funds in talks with Coffee Day
Two private equity funds are in talks with the Coffee Day group to explore investment opportunities in the beleaguered cafe chain after the company cleared a third of its debts to banks and other lenders recently...
Campari buys stake in Italy’s Tannico to boost online spirits business
Italian drinks group Campari has agreed to buy 49% of online wines and spirits company Tannico to boost its e-commerce business amid the COVID-19 crisis, it said on Friday. Campari said it had reached an agreement with...
PepsiCo ties up with Dunzo to enable last-mile delivery of its food brands
Food and beverages major PepsiCo India on Tuesday said it has tied up with on-demand delivery service platform Dunzo to deliver its products from four food brands at consumers’ doorsteps. The initiative has been...
Swiss chocolate maker Barry Callebaut buys Australia’s GKC Foods
Barry Callebaut has signed a deal to buy Australian chocolate, coatings and fillings maker GKC Foods, the Swiss company said on Wednesday. The purchase, for an undisclosed sum, gives Barry Callebaut a direct presence...
MTR close to buying eastern condiments
Packaged foods maker MTR Foods is close to buying a controlling stake in Eastern Condiments, the Kerala-based spices and mixes maker, to get a larger footprint in the market for non-vegetarian spices, ready-to-cook...
Coffee maker JDE Peet’s looks to wake up sleepy IPO market
Coffee maker JDE Peet’s BV is pressing ahead with plans to list on Euronext Amsterdam, saying on Tuesday that it aims to raise at least 700 million euros ($764 million) from the initial public offering. The world’s No...
Tata Consumer to acquire PepsiCo’s stake in NourishCo Beverages
Tata Consumer Products Limited (TCPL) on Monday said it will acquire PepsiCo’s stake in NourishCo Beverages Limited—a 50:50 joint venture between the two companies as it moves to build a strong play in the packaged...
Diageo might delist United Spirits by buying out minority shareholders: Report
Diageo Plc, the world’s largest spirits maker, is exploring options to delist its Indian arm, United Spirits Ltd, by buying out minority shareholders, CNBC TV-18 reported on Monday. Diageo, the maker of Johnnie...
Bira91 raises $30 mn funding led by Sequoia India, Sofina
B9 Beverages Pvt. Ltd, the maker of Bira 91 brand of craft beer, on Saturday said that it has raised $30 million in funding led by its existing investors, Sequoia India and Belgium-based investment firm Sofina. The...
