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Haldiram's Enters Strategic Partnership with L Catterton
L Catterton’s $39 billion capital and expertise will help Haldiram’s expand its brand globally and optimize operations, including product development and supply chain improvements.
- L Catterton today entered a strategic partnership and invested in Haldiram's in Mumbai, India, aiming to support its growth and global expansion.
- Leveraging its sector expertise and operating capabilities, L Catterton will deploy these strengths to drive Haldiram's growth and fortify its market leadership in India while accelerating international expansion.
- Sanjiv Mehta, Executive Chairman of L Catterton India and former Chairman / CEO & Managing Director of Hindustan Unilever Limited, will drive brand building, new products, supply chain, distribution, and talent development.
- As a heritage brand, Haldiram's, founded in 1937, is a pioneer of traditional snacks with significant international reach, and Mr Mehta described it as `an iconic Indian brand with global potential.`
- Drawing on over 300 investments and more than 200 professionals, L Catterton manages approximately $39 billion of equity capital to support Haldiram's growth.
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L Catterton partners with Haldiram, acquires stake in snacks major
New Delhi, Dec 18 (PTI) L Catterton, a leading global consumer-focused investment firm, on Thursday said it has entered into a strategic partnership with Haldiram and acquired a stake in the country’s leading snacks and food brand. L Catterton, which manages approximately USD 39 billion in equity capital, has not mentioned any details about investment or valuation at which it has acquired the stake. The firm only said, "It has entered into a str…
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Leaning Left4Leaning Right7Center21Last UpdatedBias Distribution66% Center
Bias Distribution
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66% Center
12%
C 66%
R 22%
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