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Hindustan Unilever
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Hindustan Unilever to Split Food and Refreshments Business Into Two Divisions
Jun 8, 2016Hindustan Unilever Ltd (HUL) has decided to divide its food and refreshments business into two separate businesses. India's largest consumer goods firm said that the change is in alignment with the category structure of Unilever globally. ...
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Everstone Completes Acquisition of Modern Foods
Apr 6, 2016India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...
Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL
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LT Foods To Acquire HUL's Rice Export Business
Mar 22, 2016Indian food company LT Foods has entered into an agreement to acquire rice export business of consumer goods producer Hindustan Unilever (HUL) for around Rs250m ($3.76m). Under the deal, LT Foods will acquire two HUL brands - Gold Seal ...
Tags: LT Foods, Aquisition, HUL, Rice export business
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Hindustan Unilever to Sell Modern Bread and Bakery Unit to Everstone Group
Sep 10, 2015Hindustan Unilever Limited (HUL) has entered into an agreement for the sale and transfer of its bread and bakery unit, which functions under the name of Modern to Nimman Foods for an undisclosed amount. Nimman Foods is an investee company ...
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ITC to Venture Into Dairy Products Business
Sep 2, 2015FMCG major ITC is planning to venture into dairy business with the launch of ghee (clarified butter) by the end of the current quarter. The company is likely to roll out its range of dairy products within the next few years. The range ...
Tags: Dairy Products, clarified butter
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HUL Decided to Withdraw Its Chinese Range of Instant Noodles Over Pending Product Approval
Jun 16, 2015Hindustan Unilever Limited (HUL)has decided to withdraw its Chinese range of instant noodles over pending product approval. HUL follows a strict quality management system and regularly monitors products for compliance to regulations. ...
Tags: Instant Noodles, HUL
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Kedaara Capital Has Forayed Into The Packaging Sector by Investing Close to $32m
Mar 19, 2015Mumbai-based private equity firm Kedaara Capital has forayed into the packaging sector by investing close to $32m (Rs 200 crore) in an unlisted folding cartons and paper packaging company, Parksons Packaging. The company said that it ...
Tags: folding cartons, paper packaging, Packaging
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India's FMCG Start-up Global Consumer Products to Enter The Country's Chocolate Bussiness
Dec 11, 2014India’s FMCG start-up Global Consumer Products is set to enter the country’s chocolate business with a new brand. The start-up plans to launch its own brand initially in the four southern states early next year, Business Line ...
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Unilever Reported That Its 2013 Turnover Was Down 3%,net acquisitions and disposal 1.1%
Jan 23, 2014Unilever reported that its 2013 turnover was down 3% to €49.8 billion with foreign exchange 5.9% and net acquisitions and disposal 1.1% Finance costs and tax The cost of financing net borrowings in 2013 was €397 million versus ...
Tags: Unilever, foreign exchange
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Mr Sanjay Behl Has Recently Joined Raymond Limited as Chief Executive Officer - Lifestyle
Jul 19, 2013Mr. Sanjay Behl has recently joined Raymond Limited as Chief Executive Officer - Lifestyle Business, which comprises of the organization's core businesses, namely Textiles, Apparel & Retail. Having worked across diverse industries such as ...
Tags: Apparel, Accessories
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Dutch Consumer Goods Company Unilever to Increase Its Stake in Its HUL
May 3, 2013Dutch consumer goods company Unilever has announced a voluntary open offer to increase its stake in its Indian subsidiary Hindustan Unilever (HUL) from 52.48% to up to 75%. Under the terms of the deal, Unilever agreed to pay INR600 ...
Tags: Unilever, Hindustan Unilever
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Britannia Industries Has Appointed Vinod Menon to The Role of CFO
Jan 9, 2013Indian food giant Britannia Industries has appointed Vinod Menon to the role of CFO as part of a management shuffle. Menon will take up the role of CFO and vice president with the bakery and dairy group with effect from 1 February, the ...
Tags: food giant, Britannia, Vinod Menon, CFO
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The Indian Government Released New Packaging Regulations for FMCG Companies
Dec 17, 2012. The government has modified the Legal Metrology (Packaged Commodities) Rules 2011, following complaints regarding unfair reduction in the quantity of packaged products from some consumer organisation, PTI said. Expected to come into ...
Tags: Indian government, FMCG
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Curwood's Freshcase Packaging Technology Selected Dupont's Annual Awards
Nov 29, 2012DuPont’s annual Awards for Packaging Innovation has selected Curwood’s FreshCase packaging technology for meat as this year's diamond winner, as the solution addresses the effort to help ensure food maintains its nutritional ...