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 […]
Lighthouse Funds invests ₹700 crore in Parsons Nutritionals
Private equity fund Lighthouse Funds has invested ₹700 crore in Parsons Nutritionals—a contract manufacturer specializing in packaged foods, beverages, and personal care products. The round saw participation from co-investors of Lighthouse, including the International Finance Corporation (IFC), a member of the World Bank Group, Evolvence India, HDFC AMC’s Fund of Funds, and various family offices. Parsons […]
Unilever to spin off ice cream business, cut 7,500 jobs for cost savings
Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, and cut 7,500 jobs in a new cost-savings programme. Investors cheered the plan, sending shares in Unilever, one of the world’s biggest consumer goods companies, up nearly 6 per cent at one […]
Social media is a bane disguised as boon, Or is it the opposite ?
Sugar is not the problem with Bournvita. 200 ml of milk with one serving of Bournvita contains 6.5-7.5 gms of added sugar only .Which is far less than sugar found (14-20 gms) in 200 ml of other drinks including fruit juice drinks sold in local markets. Social media is a part of our lives now. […]
Unilever Taps Dairy Boss as New CEO
Unilever PLC UL 0.82%increase; green up pointing triangle has appointed Hein Schumacher as its new chief executive, tapping the head of a European dairy cooperative to lead its effort to reinvigorate growth and navigate economic challenges. The owner of Ben & Jerry’s ice cream and Dove soap said Mr. Schumacher would become CEO on July 1. He succeeds Alan […]
Unilever ‘warms up’ ice cream freezers to help tackle emissions
Unilever is launching two pilots to trial warmer ice cream freezer cabinets with an aim of reducing energy use and greenhouse gas emissions by approx. 20 – 30% per freezer*, whilst ensuring the same ice cream quality and consumer experience. The two pilots, kicking off this month in Germany with a second pilot to follow […]