Billionaire Mukesh Ambani-led Reliance Industries’ FMCG arm, Reliance Consumer, has acquired global rights of international brands such as Brylcreem, Toni & Guy, and Badedas, the company informed on Friday, along with its financial results for the quarter ended on 31 December 2026. Additionally, it acquired global rights of Matey, a UK-based specialist brand focused on … Read more
Shantanu Jain and Sania Arora Jain, who launched Biome Life Sciences LLP in 2019 that came under the Fabindia fold a year later, said in their petition that the retailer has breached their shareholder agreement (SHA) by failing to honour a “put option” that entitled them to sell their stake under a pre-agreed formula. Biome … Read more
India has tightened rules to ensure stricter testing and labelling of cosmetics to enhance safety, check counterfeit products and clearly define spurious items, said two officials aware of the development. A failure to comply with the new rules introduced by the health and family welfare ministry will result in the suspension and cancellation of licences, … Read more
1. Capital Foods (CFPL) The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’. Initially, Nestle was rumoured to be acquiring the Company. Finally, it’s Tata Consumer Products that has announced the deal. It’s a 100% acquisition for Rs 5,100 cr Full … Read more
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more
Reliance is unstoppable for now. It’s launching/ acquiring/ partnering businesses across segments and industries. As part of it’s retail expansion strategy, the subsidiary Reliance Retail Ventures Limited (RRVL) has now entered into the beauty segment. Launched with an Omnichannel strategy combining both the online and offline route Tira website and app for ecommerce 1st physical … Read more
Few months back, Nykaa’s CFO had resigned. Now 5 more senior executives of the Company have resigned. Chief Commercial Operations Officer, Manoj Gandhi Chief Business Officer of fashion division, Gopal Asthana Chief Executive Officer of wholesale business, Vikas Gupta Vice President of Nykaa fashion division’s Owned Brands business, Shuchi Pandya Vice President of Finance at … Read more
Rohit Jawa will take over as MD & CEO w.e.f, 27th June, 2023 upto 26th June, 2028, i.e., for 5 years. He will also takeover as President, Unilever South Asia. He is taking both positions from the well respected veteran Sanjiv Mehta Sanjiv served at the position for 10 years, which one can consider to … Read more