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HUL mulls independent ice-cream unit amid Unilever’s global spin-off, sale prospects loom large
Hindustan Unilever Ltd (HUL) is considering the possibility of separating its ice-cream business into an independent unit, potentially as a step towards a future...
United Spirits acquires 15% stake in alcohol beverage brand Pistola
United Spirits, a leading player in the spirits industry, has acquired a 15% stake in Inspired Hospitality, the parent company of the alcohol beverage...
Delight Restaurant Group acquires 65 Wendy’s outlets across US
The Delight Restaurant Group has substantially grown its portfolio by purchasing 65 Wendy’s restaurants in Pennsylvania, Ohio, and West Virginia, USA, from Primary Aim.The...
Dabur reports sluggish demand trends in March quarter, notable uptick in rural growth
Dabur, a leading FMCG company, stated that demand trends during the March quarter were subdued, but there was a noticeable uptick in rural growth....
Amazon takes U-turn, decides to discontinue Just Walk Out tech at Fresh stores
Amazon, the e-commerce behemoth, has decided to discontinue the use of cashierless Just Walk Out technology at its Fresh grocery stores.Bloomberg's report indicates that...
IHCL and Merlin Group join forces to unveil new IBIZA resort in Kolkata, set to open in October 2025
The Indian Hotels Company (IHCL) has collaborated with Merlin Group to launch a new resort located near Joka on Diamond Harbour Road in Kolkata.IBIZA,...
Amazon India’s largest seller Appario acquired by Clicktech as ecommerce giant reduces seller ownership
Clicktech, a major seller on Amazon India, is set to acquire its counterpart Appario as Amazon aims to reduce its ownership in sellers on...
IPO-bound Swiggy appoints Titan’s Suparna Mitra as independent director
Swiggy, a leading player in food delivery and quick commerce, has appointed Suparna Mitra as an independent director to its board.Mitra is the CEO...
Pansari Group reports 39% volume growth and 20% value surge in FY24
Pansari Group, a fast-moving consumer goods (FMCG) firm, has reported a 20% surge in value and a 39% increase in volume in FY24.At present,...
Good Glamm Group joins forces with Tennis star Serena Williams to launch ‘Wyn Beauty’ in the US
Serena Williams, a former tennis player and entrepreneur, has teamed up with the content-to-commerce platform The Good Glamm Group to launch her beauty brand,...
Mall hypermarkets scale down as quick commerce apps gain momentum, sales decline prompts closures, say operators
Hypermarkets in malls are reducing their space, with some even closing down, as sales have dropped due to the growing popularity of quick commerce...
Small regional competitors erode market share of larger FMCG companies in Q4: Elara Securities Report
In Q4FY24, the demand for FMCG products continued to face challenges, impacting volume growth, as reported by Elara Securities.Factors like reduced farm income and...