Tata Global Beverages (TGBL) is buying Dhunseri Tea & Industries’ branded packet tea business along with its brands ‘Lal Ghora’ and ‘Kala Ghora’ for a total consideration of Rs 101 crore. TGBL said in a stock...
Pernod Ricard agrees to buy Italian gin brand Malfy
Pernod Ricard, which is being targeted by activist investor Elliott, plans to buy super premium Italian gin brand Malfy from Biggar & Leith, as it further strengthens its fast-growing portfolio of so-called ‘craft’...
Haldiram among companies in race for Kwality Dairy
A mix of strategic and financial investors have submitted expressions of interest to buy out loss-making Kwality Dairy NSE 1.45 %, which is facing insolvency proceedings, two officials aware of the developments said...
Campbell to sell fresh food unit for about $500 million to former executive – WSJ
Campbell Soup Co is nearing a deal to sell its fresh food unit’s Bolthouse Farms for about $500 million to a group led by the former chief executive officer of the brand, the Wall Street Journal reported https on...
FTC kills deal to merge alcohol distributors
The U.S. Federal Trade Commission said on Monday it had pushed two wine and spirits distributors to scrap their merger because of “significant concerns” about the deal. Republican National Distribution Co, which...
Corona maker Constellation to sell about 30 brands for $1.7 billion
Constellation Brands Inc said on Wednesday it would sell about 30 of its low-end wine and spirits brands to E. & J. Gallo Winery for $1.7 billion, as the Corona beer maker focuses on more profitable brands. In early...
Kellogg sells Keebler, snacks to Nutella maker Ferrero for $1.3 billion
Kellogg Co. agreed to sell its cookies and fruit snack brands—including Keebler and Famous Amos—to Ferrero SpA for $1.3 billion, as the cereal maker refocuses on the fast-growing parts of its business. The businesses...
Varun Beverages gets CCI nod to acquire PepsiCo’s franchise rights
PepsiCo India’s bottling partner Varun BeveragesNSE 1.55 % Ltd (VBL) Monday said it has received nod from the Competition Commission of India for its proposal to acquire franchise rights of the foods and snacks...
Corona maker Constellation nearing deal to sell some wine brands – CNBC
Corona beer maker Constellation Brands Inc is in advanced talks to sell some of its low-end wines to privately held E.&J. Gallo Winery, CNBC reported on Friday, citing people familiar with the situation. In early...
Carlsberg buys stake in Chinese micro brewery
Danish brewer Carlsberg has bought a minority stake in Chinese micro brewery Jing-A, the company said on Friday. Carlsberg will distribute beer produced by Beijing-based Jing-A while the Chinese brewer will remain in...
Why buyouts of food tech firms are on the menu
There are reports that food delivery start-up Swiggy is in talks to acquire Uber Eats and hospitality chain Oyo is in discussions to buy out cloud kitchen company FreshMenu. Mint takes a look at what this means for the...
Lite Bite acquires four Phoenix arm brands
Indian restaurant chain Lite Bite Foods has acquired four brands from Bellona Hospitality, the food and beverages arm of Phoenix Mills Group, for an undisclosed amount. Rohit Aggarwal, director of Lite Bite Foods...
