Post $10.2-billion Lotte Confectionery takeover Havmor streamlines logistics – Feedback

Home-grown ice cream brand Havmor has set its sights on becoming one of the top three in the country by 2020.

Its acquisition by South Korean major Lotte Confectionery for Rs.10.20 billion late last year has fuelled Havmor’s plans to consolidate its position in markets down south—including Telangana, Andhra Pradesh and Karnataka-where it is relatively new. A capital-intensive business, the fragmented ice cream industry in India is a competitive space to be in.

http://www.business-standard.com/article/companies/post-10-2-bn-lotte-confectionery-takeover-havmor-streamlines-logistics-118041200015_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *