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
Along with it’s Dec 22 qtr results, Hindustan Unilever (HUL) has decided to increase future royalty payment to the parent, Unilever. Royalty is paid by HUL to Unilever for access to latter’s technology, innovation and global expertise. Current royalty agreement is 2.65% of the turnover. This was fixed in 2013 and the agreement is expiring … Read more
The proposed launch by Dabur will be under the “Fem” brand. Initially it will be only available on Flipkart. Later it will be rolled out to other channels. This strategy seems somewhat counter intuitive given Dabur’s otherwise existing strong offline distribution network. Sanitary Napkin segment in India is witnessing increasing interest that is dominated by … Read more
Britannia has entered into a JV with Bel SA, France (Bel) to undertake the development, manufacturing, marketing, distribution, trading and selling, etc., of cheese products in India and certain other countries. Bel Group is a world leader in branded cheese and a significant player in the healthy snacking segment with brands like The Laughing Cow, … Read more
Dabur India has announced acquisition of one of the oldest and very well established spice maker, Badshah Masala Private Limited. Key points to note – Badshah, established in 1958 has a strong brand recall across India. It was founded by Shri Jawaharlal J. Jhaveri and Indiraben Jhaveri and is currently managed by the second generation … Read more
It has launched Direct to Consumer (D2C) website mynestle.in to sell its own products. For now the platform is only servicing the Delhi-NCR customers. Gradually it will be ramped up into other cities. The platform is targeting to value add by providing curated product bundles, personalised gifting, subscriptions, discounts etc. Consumer engagement is targeted through … Read more
As per newspaper reports, Tata group has offered to acquire stake in Bisleri. There is no information on the quantum of stake that Tatas have offered to acquire currently. However, as per the said report, Tatas are very keen on this business and eventually they want to scale their stake up. Given that Bisleri is … Read more