HERSHEY IN TALKS WITH AMUL

In what is being seen as a face saving exercise, US-based chocolate maker Hershey continues to resume talks with Gujarat based co-operative milk giant Amul to explore “business cooperations”. The move comes days after Hershey acquiring majority stake in Godrej Beverages and Foods Ltd (GBFL). Amul had accused Hershey of keeping it in the dark till the last minute about its talks with Godrej. Hershey has reiterated its invitation to Amul to visit its facilities in mid April and even offered to arrange visas for the Amul executives. While Godrej officials said if Hershey goes ahead and hold talks with Amul, there could be fireworks. Amul said the company has not taken a decision in the matter.

Courtesy: EconomicTimes