Kellogg Co (K.N) said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on...
Kellogg eyeing mega alliance with Haldiram’s
US-headquartered breakfast cereal giant Kellogg plans to give a desi twist to its Indian operations. More than two decades after setting foot in India, the Michigan based company has kick-started discussions with iconic...
Diageo to sell 19 brands to US-based Sazerac for $550 million
Diageo Plc is selling 19 lower-end spirits brands including Seagrams VO Canadian whisky and Goldschlager cinnamon schnapps to US-based Sazerac for $550 million, as it focuses on its premium labels such as Johnnie Walker...
Italian company to pick up stake in West Bengal’s ice-cream company
An Italian frozen dessert company will soon seal a deal to pick up 40 per cent stake in a West Bengal’s home grown ice-cream maker. “We are in advanced talks with two Italian frozen dessert companies for...
Zydus buys Complan and Glucon D maker Heinz’s basket of brands
In a deal that puts them in a commanding position in the health foods and nutrition space, Zydus Wellness and Cadila Healthcare on Wednesday said they were acquiring Heinz India at a valuation of Rs 4,595 crore. Heinz...
Three companies begin due diligence on GlaxoSmithKline’s India nutrition business
Consumer goods maker Unilever, Nestle and Coca-Cola have begun due diligence on GlaxoSmithKlineNSE -0.73 % Consumer’s Indian nutrition business, which includes malt beverage drinks Horlicks and Boost, and is estimated...
Kraft Heinz to sell Indian assets to Zydus Wellness for Rs 46 billion
Kraft Heinz Co has agreed to sell a portfolio of India businesses, including children’s milk drink Complan, to Zydus Wellness for around Rs 45-46 billion, people with knowledge of the matter said. An announcement is...
Dreyfus sugar unit Biosev in talks to sell more mills – sources
Biosev SA, the Brazilian sugar and ethanol producer controlled by global commodities trader Louis Dreyfus [AKIRAU.UL], is in talks to sell more assets in the country as it seeks to cut debt, two sources with knowledge...
Corona brewer Constellation seeks to sell U.S. wine brands – sources
Constellation Brands Inc (STZ.N), the U.S. producer of Corona and Modelo beers, is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion, according to four people...
KKR files bankruptcy plea against dairy firm Kwality
Global private equity player KKR has filed insolvency plea against dairy firm KwalityNSE -4.47 % Ltd before the National Company Law Tribunal (NCLT). Kwality Ltd in 2016 had announced that it had raised Rs 300 crore...
Leading foreign bank to drag Kwality to NCLT over Rs 12 billion default
KKR-backed dairy major Kwality Ltd set to be taken to National Company Law Tribunal (NCLT) over Rs 12 billion loan default. According to a report published in Hindu Businessline, the Kolkata-headquartered company has...
Lavazza swallows Mars Inc coffee business for around $650 million
Italian coffee maker Lavazza will swallow the coffee business of U.S. food giant Mars Inc to expand its global reach, in a deal worth around $650 million, including debt. The two unlisted companies said on Monday that...
