South Korean confectionery firm Lotte Wellfood merges Lotte India and Havmor Ice Cream to create 'One India', aiming for ₹6,000 crore in annual sales through investments and expanding its reach.

South Korean confectionery firm Lotte Wellfood plans to merge its Indian subsidiaries, Lotte India and Havmor Ice Cream, to create an integrated entity called 'One India'. This move aims to achieve ₹6,000 crore in annual sales through investments and secure future growth drivers. The merged company also plans to invest Rs 400 crore for a new ice-cream production facility in Pune, Maharashtra, to expand its reach.

August 02, 2024
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