Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed...
Food and beverage
Keurig Dr Pepper nears $18-billion deal for Dutch coffee company JDE Peet’s, WSJ reports
Keurig Dr Pepper is close to a roughly $18-billion deal to buy Dutch coffee company JDE Peet’s, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The merged company plans to later...
Coca-Cola explores sale of Costa Coffee, source says
U.S. soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter told Reuters on Sunday. Coca-Cola...
Norwest Venture eyes a bite of Belgian Waffle
Global venture fund Norwest Venture Partners (NVP) is leading negotiations to buy into homegrown dessert and waffle chain The Belgian Waffle Co, after talks with ChrysCapital fell through last year, said people directly...
Tilaknagar Industries in talks to raise Rs 2,000 cr for Imperial Blue deal
Tilaknagar Industries, the maker of Mansion House brandy, is in talks with Standard Chartered, JP Morgan, and Nomura to raise about Rs 2,000 crore in debt to help finance its Rs 4,150-crore purchase of the Imperial Blue...
Goldman Sachs poised to buy into ice cream maker Froneri at $17 billion valuation, FT says
Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The...
Reliance Consumer in talks to acquire majority stake in Baidyanath’s Shunya drinks brand
Reliance Consumer Products (RCPL) is in advanced talks to buy a majority stake in Baidyanath Group-owned Naturedge Beverages’ premium fruit drink brand Shunya, said executives aware of the development. Shunya...
Tilaknagar Industries acquires Imperial Blue from Pernod Ricard
Tilaknagar Industries has signed an agreement to acquire the Imperial Blue whisky brand in India from France’s Pernod Ricard for about Rs4150 crore in an all-cash deal, entering the whiskey segment which accounts for...
Tilaknagar to acquire Pernod Ricard’s Imperial Blue whiskey, announcement likely on Wednesday
Tilaknagar Industries will likely acquire the Imperial Blue whiskey brand in India from France’s Pernod Ricard on Wednesday, said people in the know. On Wednesday, the board of Tilaknagar—which sells Mansion House...
Homegrown private equity firm ChrysCapital scoops up bakery chain Theobroma in ₹2,410-crore deal
Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties...
Coca-Cola bottler Kandhari acquires Wave Beverages
One of Coca-Cola’s top bottling partners in India, Kandhari Global Beverages, has acquired Wave Beverages’ bottling operations for the American soft-drinks maker for about ₹1,000 crore, people directly aware...
Tilaknagar Industries in talks to acquire Imperial Blue from Pernod Ricard
Mansion House brandy maker Tilaknagar Industries has entered into exclusive negotiations to acquire Imperial Blue whisky from French spirits group Pernod Ricard, Moneycontrol reported on Monday, citing sources. The...
