Tata Consumer Products announced that it has signed definitive agreements to acquire 100% equity shares of Capital Foods, owner of the brands ‘Ching’s Secret’ and ‘Smith & Jones’, in a phased manner. 75% of the equity shareholding will be acquired upfront and the balance 25% shareholding will be acquired within the next three years. This…
Tata Consumer Products (TCP) has announced the appointment of TV Swaminathan as global chief digital officer (CDO), effective from March 2021. In this new role, Swaminathan will be responsible for charting out and executing a digital roadmap for the company. This includes enabling the business from a digital perspective, as well as enhancing analytical capabilities.…
Tata Starbucks CEO Navin Gurnaney will step down and Sushant Dash will be taking over as CEO from May 1, 2021, the company said, according to PTI report. Dash will join Tata Starbucks as CEO Designate effective April 1, 2021. “Navin Gurnaney, CEO, has made the decision to pursue an opportunity outside of the company,”…
Tata Consumer Products, a F&B focused consumer products company, has decided to divest its MAP Out of Home coffee business in Australia to Buccheri Group Pty Ltd, a Boutique Coffee manufacturer established in Australia in 2007, and led by Santo Buccheri and his family. This divestment does not impact Tata Consumer Products’ existing branded tea…
Tata Consumer Products Limited announced that it will acquire PepsiCo’s stake in NourishCo Beverages Limited, a 50:50 joint venture (JV) between the two Companies. The JV was formed in 2010 through a joint venture agreement between Tata Global Beverages and PepsiCo India. Tata Consumer said that the acquisition will widen its portfolio in the Food…
Sunil A. D’Souza will take over as Managing Director & CEO of Tata Consumer Products Limited ( formerly Tata Global Beverages Limited) effective from April 4, 2020. The company had announced his appointment to the role in December 2019. Sunil, has earlier worked with Whirlpool, and prior to that with Pepsico.
Whirlpool India, a marketer of home appliances, has announced the resignation of its MD Sunil D’Souza with effect from April 3, 2020. Vishal Bhola will be joining the Company from 01st January, 2020 and will succeed Sunil D’Souza as Managing Director of the Company. In a BSE filing, the company said, “we would like to…