Glaxo rejects $68 billion Unilever bid for consumer business

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

Amit Doshi: Britannia names Amit Doshi as CMO; Doshi moves from Lenovo

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

Colgate India: Global brands like Unilever, Colgate in India have mutiny at hand

From Plc to Colgate-Palmolive Co., consumer goods makers in India are facing distribution blues that have nothing to do with pandemic-induced shortages and bottlenecks. The trusted middlemen that brands have traditionally relied on to reach millions of small neighborhood stores in 8,000 towns and 660,000 villages are in revolt. It’s a mutiny that the multinationals … Read more

Tata Consumer to drive Sampann distribution, eyes new launches

Tata Consumer Products Ltd (TCPL) that sells packaged water, tea, salt and pulses is set to scale general trade distribution of its Sampann brand of pulses, mixes and spices as it spots an opportunity in expanding the brand beyond top metros and going deeper into the country’s mom and pop stores. We want Sampann to … Read more

Emami launches German skincare brand Creme 21 in India

Originally founded by Henkel in the 1970s, Creme 21 was acquired by a German businesswoman Antje J Willems Stickel in 2003, and then by Emami in January 2019. Key points to note – Emami had acquired Creme 21 for about Rs 100 crore. This is peanuts compared with what newer beauty brands are getting valued … Read more