India: Reliance Retail secures deal for assets of confectionery maker Ravalgaon
Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail, has announced the acquisition of trademarks, recipes and all intellectual property rights of sugar confectionery maker Ravalgaon for 27 crore INR ($3.7 million), expanding its FMCG portfolio. Ravalgaon’s portfolio includes the confectionery brands Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco […]
India: Heritage Foods to acquire Reliance Retail’s dairy business
Heritage Foods, an Indian manufacturer of dairy, bakery and other food products, has announced the acquisition of the dairy business of Reliance Retail through a slump sale, according to a report in India Retailing. According to the report, Heritage Foods has made a binding agreement for the acquisition and the transaction will now be subject […]