PVR INOX on Monday said it will divest its premium snacking business under the 4700BC brand to FMCG major Marico in an all-cash transaction valued at Rs 226.8 crore, a move aimed at reducing debt and sharpening focus on its core cinema operations. PVR INOX expects this deal to “be completed within 30 days from … Read more
Warren Buffett’s successor is kicking off his tenure by taking a step to unravel one of the Wall Street legend’s rare investment missteps. Berkshire Hathaway signaled it could soon offload its position in Kraft Heinz in a new regulatory filing on Wednesday, which could allow the conglomerate to sell its entire stake in the food … Read more
Philipp Navratil has had a tough start to 2026. Only months after taking charge of Nestlé SA, the Swiss foodmaker’s chief executive officer is battling a deepening infant formula contamination crisis that has spread from a handful of countries in Europe to more than 50 worldwide in less than a week. Scores of products across … Read more
Rakshit Hargave would be joining Britannia w.e.f December 15, 2025. He is joining from Birla Opus – one of the most touted and disruptive initiative of Birla group in the paint sector With a career spanning more than 3 decades, Rakshit has a varied and extensive experience previously with Nestle, Unilever, Dominos, Lakme and Beiersdorf … Read more
The government’s decision to cut taxes on packaged food and personal care products disrupted Hindustan Unilever Ltd’s inventory pipeline and depressed its sales growth in the September quarter. The consumer goods giant, however, expects the drop in prices following the tax cuts and a good monsoon to boost consumer sentiment and boost sales in the … Read more
In it’s Annual Report for FY 2025, the Chairman Harsh Mariwala has said that the Company aims Rs 20,000 cr of revenues by FY 2030. In FY 2025, Marico reported revenues of Rs 10,831 cr. Rs 20,000 cr in next 5 years therefore imply a CAGR of 13%. Compared with this, the Company in the … Read more
Related to the group’s restructuring (ending family feud) in March, is the acquisition of Vadilal Brand from a promoter entity for Rs 1,000 cr. (The ‘Vadilal’ brand is a strategic element of the group’s restructuring plan that was arrived at after the fourth generation of the promoter family reached a truce in March. Three promoter … Read more