Crompton Greaves Consumer Electricals (CGCE) has announced acquiring a controlling stake in Butterfly Gandhimathi Appliances (BGA). Key points to note: CGCE is acquiring 55% stake from BGA’s promoter group @ Rs 1,403/ share Consideration value for this tranche comes to Rs 1,379.68 crore Promoters total stake in BGA is currently 64.78%. Balance not selling may … Read more
Coca-Cola on Thursday unveiled a new innovation platform for limited-edition products, which is a perfect combination of marketing, creative, design and tech. Known as a “new brand expression”, Coca-Cola Creations plans to introduce in the market a series of limited-edition flavors, collaborations and experiences covering both the “physical and digital worlds”. As part of the … Read more
Godrej Consumer Products (GCPL) is selling Bblunt’s consumer products and saloon business to Mamaearth. Key points to note: Acquisition is by Mamaearth’s parent Company Honasa consumer. Bblunt’s products business will be completely owned and managed by Honasa Bblunt’s saloon business will continue to operate as an independent entity GCPL held 30% of Bblunt and balance … Read more
Dixon is a leading contract manufacturer of consumer durables, home appliances, lighting, mobile phones and security devices for brands across the globe. and boAt is a leading home grown brand focused on the audio products. Both companies have now come together and formed a 50:50 Joint Venture (JV) to manufacture bluetooth enabled audio products. The … Read more
GlaxoSmithKline Plc said it rejected an offer from Unilever Plc for the drugmaker’s consumer healthcare unit last year that valued the business at about 50 billion pounds ($68 billion). Glaxo in a statement Saturday said that it had received three unsolicited offers from Unilever for its consumer healthcare business, the final one on Dec. 20 … Read more
Biscuits and bakery company Industries on Friday named Amit Doshi as chief marketing officer. Doshi moves from consumer electronics and personal tech company Lenovo where he was director, marketing for India and South Asia. Doshi, who succeeds Britannia’s former marketing chief Vinay Subramanyam, takes over the new role effective January 17. India’s largest bakery foods … Read more