Hershey has entered into a deal to acquire the popcorn brand LesserEvil for approximately $750 million. This acquisition is part of Hershey's strategy to diversify its product offerings, which currently include chocolate and snacks. Michele Buck, Hershey's CEO, is noted to be on the verge of achieving significant milestones in her leadership, as this deal marks a notable expansion for the company. Meanwhile, ITC has acquired 262,000 equity shares of Ample Foods for ₹131 crore, increasing its stake in the company to 43.75%. This move is aimed at strengthening ITC's position in the growing frozen and ready-to-cook foods market in India. Additionally, Nestlé has completed its acquisition of the remaining 40 percent stake in Chinese confectionery company Hsu Fu Chi, enhancing its presence in the Chinese snack market.
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#ITC | The company announced the acquisition of a 43.75% stake in Ample Foods Private Limited for approximately ₹131 crore. The acquisition strengthens ITC’s position in the rapidly growing frozen, chilled, and ready-to-cook foods segment in India. AFPL is the parent company of