One place where Hindustan Unilever's reign has not expanded much over the decades is the Indian kitchen. With Horlicks, it has a chance for redemption
Unilever Plc is in exclusive talks with GlaxoSmithKline Plc (GSK) to acquire Horlicks, reported the Financial Times. If the deal happens, it will be Unilever’s most ambitious acquisition in India after its subsidiary Hindustan Unilever Ltd (HUL)—then known as Hindustan Lever Ltd—acquired Tata group’s soaps and personal care businesses in the 1990s. A natural assumption is that HUL will be the vehicle for this takeover, although it will only become clear after a deal is announced. Unilever may acquire GSK’s stake in locally listed GSK Consumer Healthcare Ltd, which sells Horlicks and other brands in India, and then merge the company with HUL.