Wall Street snaps three-day rally as Apple falls, trade optimism fades
Apple Inc tumbled 6.6 percent, sending its market value below $1 trillion at the close.
Cadila share slips 5% after deal with Heinz
Zydus Wellness had on Wednesday said it will acquire Heinz India.
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We didn’t really have competitive advantage: Bernardo Hees of Kraft Heinz Co
“The value we’re receiving from proceeds is really higher than what we could have done,” Hees told analysts at the Chicago-based food and beverages firm’s earnings call for the third quarter.
With Kraft Heinz acquisition, Zydus Wellness revenue will jump three times to Rs 1,700 cr: Sharvil Patel
Combined business will have an EBITDA margins of over 20%, says Zydus Wellness Chairman.
Zydus Cadila set to bag Kraft Heinz portfolio for Rs 4600 crore, announcement likely on Wednesday
ET on October 11 had reported that Zydus Cadila is the frontrunner for the Kraft Heinz India portfolio. Zydus Cadila is the country’s fourth-largest Indian pharmaceutical company with Rs 11,600 crore in FY18 sales.
Kraft Heinz appoints Sourav Ganguly as brand ambassador for Complan
Complan operates in the Rs 6,000 crore milk food drink segment currently dominated by GSK’s Horlicks followed by Mondelez International’s Cadbury Bournvita and GSK’s Boost.
This year, Zydus to launch at least 40 generics in US markets: Sharvil Patel
A large part of the future growth is being driven by innovation, says Zydus MD
Kraft Heinz to recall Complan ad ‘disparaging’ Horlicks
GSK Consumer Healthcare India had filed a plea against the advertisement in the Delhi High Court earlier this week.
PE Funds, companies in race to acquire Kraft Heinz India’s consumer food unit
Complan has about 8% market share in the Rs 6,000-7,000 crore market for malted food drink in the country. GSK’s Horlicks is the market leader in this segment.
India shelves clean, Heinz to bring in global brand
After divesting Complan, Heinz is planning to bring in some of its global brands to India in the coming month.
Despite GST backlash, Kraft Heinz India confident of double digit growth in 2018-19
The company on Thursday announced the appointment of former cricketer Sourav Ganguly as brand ambassador for Complan.
Zydus Wellness to acquire Heinz India business for Rs 4,595 crore, will now own Complan, Glucon-D
Under the deal, Zydus Wellness will acquire 100 per cent business of Heinz India for Rs 4,595 crore.
Zydus leads race for Complan with Rs 4,500-crore bid
The Kraft Heinz deal is expected to close within a month, the officials said. Ahmedabad-based Cadila Group is working with investment bank Avendus.
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