HUL acquires stakes in Oziva and Wellbeing Nutrition
This is being seen as the FMCG major’s foray into the wellness and nutrition category
HUL has acquired digital-first brands Oziva and Wellbeing Nutrition as its foray into the wellness and nutrition category.
While the FMCG major has acquired a 51% stake in Oziva, it has taken over a 19.8% stake in Wellbeing through primary and secondary buyouts, as per media reports.
Arti Gill and Mihir Gadani will continue to head the Oziva business and the Wellbeing Nutrition team will still be led by Avnish Chhabria.
