Hindustan Lever
, the Indian subsidiary of Anglo-Dutch conglomerate Unilever, is mulling the acquisition of the Bangalore-based Amalgamated Bean Coffee Trading company (ABC).Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to the Indian newspaper the Economic Times, Hindustan Lever is already involved in negotiations with ABC over a strategic alliance to grow the latter group’s Café Coffee Day outlets.
ABC is believed to have offered a 26% stake to Hindustan Lever in return for substantial investment. Worth Rs3bn (US$64m), ABC operates 22 retail outlets in southern India, and is hoping to open a further 100 outlets across India over the next 12 months.
Unilever has largely exited the coffee business, with Hindustan Lever now one of a very small number of subsidiaries that retain a substantial interest in coffee. However, Unilever has given international subsidiaries the green light to continue with businesses if they are market leaders.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
