With incomes rising and Internet connections spreading across India's urban centers, an online food retail channel is developing with a mix of brick-and-mortar retailers (setting up e-commerce sites with offering home delivery) and with pure-play online grocers emerging. The latter category includes Bangalore-based BigBasket and Mumbai-based retailers LocalBanya and EkStop. All...
India's Godrej buys brands from Colgate UK for UK market
Soft and Gentle, the UK’s fourth largest female deodorant brand in terms of market share was recently acquired by the British subsidiary of India’s Godrej Consumer Products Ltd (GCPL), for about $31 million. Adi Godrej, Chairman of GCPL, said, “Over the last few years, Keyline Brands (owned by GCPL) has...
Hershey buys out India partner
The Hershey Company reached an agreement to acquire the 49-percent stake in India's Godrej Hershey Ltd. that it does not own, primarily from Godrej Industries Ltd. and another minority shareholder. The transaction is expected to close by the end of the third quarter, when the company will own the Maha...
CPG companies in India show strong growth in sales, profits
Domestic growth for Unilever's India subsidiary, HUL was at 19%, with home and personal care growing at 20.6% and foods business growing at 10.6% for the quarter ending June 30 according to DNA India.. Net profit for the three months through June rose to $240 million and overall sales grew...
ChotuKool refrigerator from Godrej India wins Edison Innovation Award
G Sunderraman describes an innovative refrigerator from India Godrej ChotuKool won a Gold Medal at this year's Edison Awards in New Jersey. I had the opportunity to visit the project leader G Sunderraman in Vikhroli, Mumbai earlier this year. What this means Solving the problems of the rural poor can...