It now owns 75% of the company. ThaiBev bought a 75% stake in Myanmar Supply Chain (MSC) and Myanmar Distillery (MDC) for US$742m. According to RHB, the MSC and MDC operate two spirit production facilities
Goodricke Group Ltd, based in Kolkata, is planning out acquisition of Godfrey Phillips India Ltd’s packaged tea business for Rs 20 crore ($3 million). The sale is in line with Godfrey’s decision to exit the
The American food and beverages company PepsiCo Inc, has launched energy drink Sting, one of its global brands, across organized retail outlets in India. This is the second attempt by PepsiCo to crack the energy
A Mumbai based startup, Rakyan Beverages Pvt. Ltd. that sells cold-pressed juices under the RAW Pressery brand, has raised Rs 40 crore ($6 million) from its existing investors. Venture capital firms DSG Consumer Partners,
Nutrition food products manufacturer Inner Being, which manufactures millets and Quinoa based value added items, is looking to expand its products in Bengaluru, Mumbai and Dubai after its successful launch in Hyderabad. The company is
The Sazerac Co has recently purchased of a stake in India spirits producer John Distilleries. The US-headquartered alcoholic beverages company has acquired the holding for an undisclosed sum from Gaja Capital, which will continue to
LT Foods, the leading basmati rice company, has set up a plant in the US for ready-to-heat organic rice with an investment of $ 5 million as it seeks to tap the huge market for
A French food catering and support services provider, Elior India Catering LLP is considering a buyout with three companies as it plans to expand its footprint by building centralised kitchens and paring costs using technology.
The iconic FMCG Company Hamdard’s flagship brand RoohAfza strikes a nutritious partnership with Barista Coffee Company. Hamdard has launched two exciting cold beverages, RoohAfza Shakerato and Masaaala RoohAfza recently. This move comes post the
Danone India, part of a leading global food company Danone, which has a mission ‘to bring health through food to as many people as possible’, announced the launch of Protinex Bytes, a specially formulated protein