ரோஷினி பக்ஷி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from ரோஷினி பக்ஷி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In ரோஷினி பக்ஷி Today - Breaking & Trending Today
Indian arm of Mexican company buys Modern Foods Top Searches Indian arm of Mexican company buys Modern Foods TNN / Updated: Feb 25, 2021, 13:26 IST FacebookTwitterLinkedinEMail (Representative image) CHENNAI: Modern Foods, the company behind the iconic bread and bakery brand ‘Modern’ breads is changing hands once again. Singapore-based private equity firm Everstone Capital has sold Modern Foods to Mexico’s Grupo Bimbo and its Indian subsidiary Ready Roti India. The financial details of the deal were not disclosed. Grupo Bimbo, the world’s largest baking company, operates in 33 countries, including India, and has a portfolio of over 13,000 products and more than 100 brands. Everstone, through its bread and bakery platform Everfoods Asia, acquired Modern from Hindustan Unilever (HUL) in 2016 and gave the brand a face lift, relaunching it in 2017. ....
Updated Feb 25, 2021 | 11:02 IST Grupo Bimbo is the largest baking company in the world, operating in 33 countries, including in India, and has a diversified portfolio of over 13,000 products and more than 100 brands. Mexican baking major Grupo Bimbo buys bread brand Modern Foods from Everstone. (Photo courtesy: company website) Mumbai: Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Mexican baking major Grupo Bimbo for an undisclosed sum. Everstone in a statement on Wednesday said that Modern Food Enterprises, which was held by its bread and bakery platform Everfoods Asia, was sold to Ready Roti India, the domestic subsidiary of the Mexican major. ....
Private equity fund manager Everstone Capital today said that its bread and bakery platform Everfoods Asia, has sold Modern Foods to Moto Grupo Bimbo and its Indian subsidiary Ready Roti India. Grupo Bimbo is the largest baking company in the world, operating in 33 countries, including India, and has a diversified portfolio of over 13,000 products and more than 100 renowned brands. The financial details of the transaction were not disclosed. Everfoods acquired Modern from Hindustan Unilever in April 2016 and relaunched the iconic bread brand in June 2017 nationwide. Commenting on the transaction, Roshini Bakshi, Managing Director, Everstone Capital Asia, said “We had a phenomenal experience in rejuvenating the legacy brand of Modern and bringing it to the dining table of consumers again. Modern has unlocked its potential through its portfolio expansion and wider reach thereby exhibiting tremendous growth. I wish Grupo Bimbo the best for future and hope they conti ....
Italian baking major Grupo Bimbo snaps up Modern Foods from Everstone Everstone in a statement on Wednesday said that Modern Food Enterprises, which was held by its bread and bakery platform Everfoods Asia, was sold to Ready Roti India, the domestic subsidiary of the Italian major. Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Italian baking major Grupo Bimbo for an undisclosed sum. Everstone in a statement on Wednesday said that Modern Food Enterprises, which was held by its bread and bakery platform Everfoods Asia, was sold to Ready Roti India, the domestic subsidiary of the Italian major. ....
Everstone sells Modern Foods - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.