SOURCE / COMPANIES
By GT staff reporters Published: May 12, 2021 06:18 PM
A mum selects infant formula for her child in a supermarket in China. File photo: VCGLeading foreign private equity (PE) firms and Chinese home-grown infant formula brands are reportedly fighting for purchase of Reckitt Benckiser Group s infant-nutrition business in China, which reflects fierce competition in China s infant formula market and that local brands will likely usher in their golden era for growth.
PEs including Bain Capital, Carlyle Group Inc, KKR & Co are among bidders for Reckitt Benckiser Group s infant-nutrition business in China that is priced as much as $2 billion, Bloomberg reported on Monday, citing people familiar with the matter.
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Prince Harry, Meghan Markle secret donation on Archie s birthday made public
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Tuesday May 11, 2021
Meghan Markle and Prince Harry made a private donation to mark their son s birthday, according to a report.
The couple who recently celebrated Archie s second birthday donated 200 beanies to an organization which supports victims of domestic violence in New Zealand.
The Duke and Duchess of Sussex chose not to issue a statement to the media regarding their donation and decided to keep their charitable move a secret.
According to express.co.uk, their donation was made public by New Zealand-based social enterprise Make Give Live, the members of which knitted the warm beanies given to charity by the Sussexes.
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