Nestlé, the world’s largest food manufacturer which has just reported H1 profits up nearly 35%, has bought out its partner in Excelcia Food, its controversial Indian joint venture. Dabur India Ltd relinquished its 40% stake in the biscuit maker for a token amount of Rs10, in a move which signals its exit from the sector altogether. Dabur and Nestlé took some six months to complete negotiations setting up the JV, and it seems that the partnership never really firmed up. Dabur is primarily active in the healthcare industry.
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Free Report
What’s the forecast for the food and grocery industry?
- Market drivers and inhibitors
- Five-year forecasts and the impact of COVID-19
- The performance of the online channel versus offline
- Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
You will receive an email shortly. Please check for download the Report.
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