Hindustan Unilever Limited (HUL) is reportedly in advanced talks to acquire Jaipur-based skincare startup, Minimalist, in a deal worth around Rs 3,000 crore. If the deal goes through, it will be one of the biggest acquisitions in India’s direct-to-consumer (D2C) space in recent years, especially in the rapidly growing skincare industry.
Let’s break it down and explore why this potential…
Sluggish Growth in Food and Beverage
Nestlé India’s Managing Director, Suresh Narayanan, has revealed that the fast-moving consumer goods (FMCG) sector is facing tough times, with growth in the food and beverage sector slowing to just 1.5-2%. This is a stark contrast to the double-digit growth seen in previous quarters.
Urban Areas Hit Hard
According to Narayanan, urban areas are particularly…
