Unilever Plc, L’Oreal SA and Estee Lauder Companies Inc are among firms vying to buy British makeup brand Charlotte Tilbury Beauty Ltd, Bloomberg reported here on Tuesday. The London-based brand, founded by makeup...
Chandigarh NCLT approves Hindustan Unilever, GSK Consumer Healthcare merger
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the Chandigarh bench of National Company Law Tribunal (NCLT) has approved the scheme of amalgamation for the merger of the company and GlaxoSmithKline Consumer...
Unilever, Henkel and buyout funds eye bids for Coty’s $7 billion beauty brands – sources
Consumer goods giants Unilever and Henkel and a series of buyout funds including Advent and Cinven are talking to U.S. cosmetics maker Coty to submit bids for some of its most popular beauty brands, three sources told...
Milkbasket raises $10.5 mn from Unilever Ventures, Kalaari Capital, others
Grocery delivery startup Milkbasket Tuesday said it has raised an additional $10.5 million (approx Rs 69.20 crore) in its latest round of funding led by Unilever Ventures, with participation from Mayfield India, Kalaari...
Unilever considers $1 billion bid for skincare brand Drunk Elephant
Consumer goods giant Unilever is considering a $1 billion offer for US skin-care brand Drunk Elephant, the Sunday Telegraph reported, without saying where it got the information. Drunk Elephant, founded in 2012 by Texan...
GSKCH gets Competition Commission approval for Hindustan Unilever merger
Fair trade regulator Competition Commission of India on Friday approved the merger between GSK Consumer NSE 0.20 % Healthcare (GSKCH) and Hindustan UnileverNSE 0.41 %. “We would like to inform you that the CCI has, vide...
Unilever used HUL buyback gains to secure GSK health deal
UnileverNSE -0.21 % said it had used the buyback of Hindustan Unilever shares five years ago and the subsequent near-three-fold increase in share price of the Indian unit to ‘secure’ last week’s GSK Consumer Healthcare...
Steer Engineering moves Delhi HC against GSK Consumer over Unilever deal
A cloud of litigation hangs over the recent deal which saw Unilever acquire GlaxoSmithKline’s Indian consumer business, including Horlicks and Boost. Bengaluru-based Steer Engineering has moved the Delhi High...
With $3.4B cash bid, Unilever may bag GSK’s nutrition business
Unilever is poised to walk away with Glaxo SmithKline’s nutrition business with a $3.4-billion all-cash offer for a 72.5% stake, ending nearly a year-long contest for Horlicks, the popular malted drink brand in India...
Nestle, Unilever, Coke make bids in $4 billion-plus GSK India sale: report
Nestle, Unilever and Coca-Cola are among bidders for GlaxoSmithKline’s Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said. Initial bids were due on...
Hindustan Unilever to merge food, refreshment units from July 1
Two years after splitting its foods and refreshment business into two divisions, Hindustan Unilever (HUL), the country’s largest consumer goods company, is now bringing it back together again, citing global portfolio...
CCI gives nod to Unilever PLC-Unilever NV deal
Fair trade regulator CCI has approved the proposed combination of UnileverNSE -1.40 % PLC and Unilever NV. Unilever PLC and Unilever NV are the two ultimate holding parent companies of the Unilever Group, which is one...