Magnum Enters into Share Purchase Agreement to Buy 61.9% Stake of Kwality Wall’s India
The Magnum Ice Cream Company has entered into a share purchase agreement to acquire 61.9% of the stake in Kwality Wall’s from Unilever Group. The FMCG major Hindustan Unilever had earlier announced in-principle approval to demerge the ice cream business into an independent listed entity. Additionally, the firm had proposed that the shareholders of HUL would receive shares […]
Kwality Wall’s Launches ‘The Dairy Factory-Premium Ice Cream
Kwality Wall’s, the ice cream brand under Hindustan Unilever Ltd. (HUL), has launched a new premium brand, The Dairy Factory, to strengthen its presence in the real dairy ice cream segment. The Dairy Factory products are made with 100% fresh milk using a slow-churning process to offer a richer, creamier texture. Available in four variants […]
Sales of HUL Kwality Wall’s ice cream back to pre pandemic levels
Hindustan Unilever Ltd’s (HUL) ice cream business under the umbrella brand Kwality Wall’s is back to pre-pandemic levels, thanks to the prolonged summer this year. In an interview, Srinandan Sundaram, executive director, foods and refreshment, HUL, spoke about the surprise business recovery, increased focus on home delivery channels and an eye on viable acquisitions. Edited […]