Sector: FMCG
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
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
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
New MD shares his strategy for Godrej Consumer. Analysts cheer. Hope it’s not short lived.
In May 2021, Godrej Consumer Products Ltd (GCPL) had announced hiring of HUL veteran Sudhir Sitapati as MD & CEO. He joined the Company in October 2021. Sitapati has replaced Nisaba Godrej from the Promoter’s family, who was holding the position temporarily after Vivek Gambhir had quit in the previous year. Nisaba however continues as … Read more
Tata wants to go aggressive on beauty products. Execution would be the key.
“Beauty products will be a key focus for us from now on along with footwear and underwear”, Noel Tata, non-executive chairman of Trent said in an interview. Key points to note – Simone Tata, Noel Tata’s mother, had helped create Lakme in 1953 as the country’s first cosmetics brand. It was sold to Unilever’s Indian … Read more