Global consumer goods firm Sara Lee Corp is selling its 51 per cent stake in joint venture with Indian company Godrej to Godrej Consumer Products Ltd for 185 million euros (about 234 million dollars), as the US-based company focuses on growing its food and beverage businesses.
Godrej to focus more on own brands as the licensing agreement with Sara Lee ends in two years.
There have been complaints from consumers that the firm has increased the base price of products and then charged the lower GST rate, thereby keeping the MRP of products the same in pre and post tax rate cut.
'I recently visited Farah Khan's house and it smelled really nice. Rajkumar Hirani is very particular about how his house looks and smells.' Boman Irani discusses the fragrances in his life!
The group's much-touted acquisitions in recent years follow a series of disappointments in joint ventures.
