Italy’s Campari is ready to pursue large acquisitions to stay ahead in a consolidating spirits industry, Chief Executive Bob Kunze-Concewitz said in a newspaper interview on Saturday. “The world of spirits is...
New Zealand’s Fonterra among investors in German food start-up YFood
Fonterra has joined a group of companies investing 15 million euros ($16.3 million) in German food start-up YFood, according to a statement on Tuesday, the latest sign that companies are aiming to tap global shifts in...
Italy’s Campari seeks to enter France’s Champagne club
Drinks group Campari could become the first Italian player to enter the French Champagne sector if it successfully concludes talks to buy premium brand Lallier. The maker of the Campari red aperitif said on Friday it...
Luckin Coffee’s journey from hot startup to $5billion share wipeout
Here is a timeline of the Nasdaq-listed Luckin Coffee Inc’s journey from a hot Chinese start-up to U.S. IPO and now an investigation for alleged fraud. January 2018 – Luckin Coffee, co-founded by CEO Qian Zhiya...
ITC ties up with Jubilant FoodWorks to deliver food items via Domino’s app
In a first-of-its-kind partnership between a quick service restaurant and a fast-moving consumer goods company, Jubilant FoodWorks, the master franchisee of the Domino’s brand in India, is partnering with ITC to deliver...
HUL acquires Horlicks from GSK for Rs 3,045 crore
Hindustan Unilever Limited (HUL), the country’s biggest consumer goods firm, said it has acquired Horlicks brand from GSK Plc for Rs 3045 crore for the Indian market, exercising its option from the original...
Nestle buys Lily’s Kitchen pet food, sees some coronavirus stockpiling
Nestle bought London-based Lily’s Kitchen that makes food for dogs and cats in the higher-priced segment, the Swiss group said on Wednesday, as it bulks up in pet food, its fastest-growing product category. Purina...
Australian competition regulator approves Asahi-AB Inbev deal worth $11 bn
Australia’s competition regulator said on Wednesday it will not oppose Asahi Group Holdings Ltd buying Anheuser Busch InBev’s domestic operations for $11 billion, after the Japanese firm agreed to sell some...
Everstone Capital in talks to sell 5 per cent in Burger King India
Everstone Capital is in advanced talks to sell a 4-5% stake in Burger King India to private equity fund Oman India Joint Investment Fund (OIJIF), for an estimated ₹100-150 crore, weeks after the IPO of the India...
Newlat in talks to buy Italian dairy group as coronavirus boosts sales
Italian food group Newlat said on Thursday it had entered talks to buy a majority stake in dairy group Centrale del Latte d’Italia, adding the coronavirus outbreak was boosting its food sales. Newlat, which produces...
Coffee Day family to sell personal assets to repay VG Siddhartha’s business ‘anomalies’
The family of the late Coffee Day founder V G Siddhartha has put most of their personal assets, including 10,000 acres of plantations, for sale to repay lenders and to address the fallout of the investigation into the...
Impossible Foods raises $500 million at nearly $4 billion valuation – source
Plant-based meat company Impossible Foods said on Monday it raised about $500 million in its latest series F funding round, which was led by South Korea’s Mirae Asset Global Investments, a new investor. According to a...
