Wednesday, November 20, 2024

FMCG

Udaipur-based fashion brand Beyoung has entered the Middle East market through a strategic partnership with e-commerce platform Noon.com.Beyoung to operate 300 outlets globallyThe direct-to-consumer (D2C) brand also plans to open 300 offline stores globally within three...
Darshan Mehta, Managing Director of Reliance Brands, is stepping down from his position after nearly 20 years at the helm. Mehta will transition into a mentorship role within the Reliance Group.Darshan Mehta continues to serve as...

Colgate faces temporary slowdown in urban growth; shifts focus to per capita consumption – Colgate MD

Colgate-Palmolive India's managing director, Prabha Narasimhan, attributes the slowdown in the FMCG sector to consumers delaying purchases or extending product usage."Consumers tend to titrate...

Fragrance sales defy economic downturn; grow 12% in 2024, outpacing FMCG

Despite a sluggish economy, the fragrance market in India has shown remarkable resilience, with major players like Godrej Consumer Products, Emami, ITC, and Shoppers...

FMCG growth sluggish due to rising housing cost and lower wage in urban areas – Britannia 

Britannia Industries' executive vice-chairman, Varun Berry, revealed that metropolitan cities hindered the fast-moving consumer goods (FMCG) market growth in the previous quarter.Housing cost is...

Blackstone to acquire 20% stake in Haldiram’s snacks for $8 Bn

Blackstone has revised its plans to acquire a stake in Haldiram's snacks business, dropping its initial bid for a 75% stake. The private equity...

Del Monte Foods merges with Agro tech Foods in INR 1,300 Cr deal

Agro Tech Foods Limited (ATFL), backed by Samara Capital and Convergent Finance, has acquired Del Monte Foods Private Limited (DMFPL) in a INR 1,300...

Godrej industries to acquire Savannah Surfactants for INR 76 Cr

Godrej Industries announced to buy Savannah Surfactants Limited’s food additives and emulsifier business for INR 76 crore. In a regulatory filing on Tuesday, Godrej...

Amul sets course for Europe following successful US launch

After successfully launching in the US, Amul is set to expand into the European market by the end of November. Jayen S Mehta, Managing...

FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

Procter & Gamble (P&G), the world's biggest consumer goods company, surpassed $2 billion in sales in India, over three decades after entering the market....

Simpli Namdhari’s introduces “Vocal for Local” to empower Karnataka’s local FMCG brands

Simpli Namdhari's, India's only 100% vegetarian omni-channel retailer, has unveiled its "Vocal for Local" program to support local FMCG brands in Karnataka.The initiative aims...

Wheelocity secures $15M in series A2 funding, plans FMCG expansion

Wheelocity, a supply chain network for fresh products, secured $15 million (INR 126.5 crore) in Series A2 investment round. This was led by existing...

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