Sector: Brands
Apple announces iPhone SE 5G, iPad Air M1, Mac Studio, and Studio Display
Apple Inc on Tuesday announced a range of new products at its first event of 2022, including a low-cost iPhone SE with 5G network and M1-chip powered iPad Air. The American technology giant also introduced the M1 Ultra, a new addition in the M1 chip line-up. It is a high-performance chip, which will power its … Read more
Emami acquires 19% stake into a nutrition products start-up
Emami is buying 19% stake into TruNativ. Key points to note – TruNativ, founded in March 2019 is focused on healthy food and nutrition products. Emami has not disclosed the amount invested for the 19% stake. Consideration has been paid in cash to subscribe fresh equity of TruNativ. In FY21, TruNativ reported revenues of Rs … Read more
Crompton acquires controlling stake in Butterfly. Seems an attractive buy.
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 Unveils “Space-Themed” Flavor, Starlight For A Different Experience
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 sells Bblunt to Mamaearth. It’s a strong brand.
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