Brands
Brands realize value of digital: Liqvd Asia’s new creative head
MUMBAI: Digital driven marketing communications agency Liqvd Asia has appointed Dharmesh Shah as the national creative director. Shah’s last stint was with FCB Ulka, where he spent close to 14 years.
Commenting on the appointment, Liqvd Asia MD Arnab Mitra said, “Shah has an exceptional understanding of the creative process and has a genuine yearning to take on larger responsibilities and challenges”.
Expressing his delight, Shah said, “I am ecstatic to be a part of a team that is so passionate about everything digital. I am looking forward to creating some stimulating work.”
He further added, “The move from traditional to digital has been a natural one for me and now brands too are prioritizing their ad spends and realize the value digital communications adds to their marketing plans.”
During his career, he has worked for brands such as ITC foods (all brands under Sunfeast) and their confectionery business, the entire portfolio of brands under Wipro Consumer Goods, Paragon, Levi’s, Amul, Tata Indicom, Tata Motors, Tata Consultancy Services, Zee, Tata Chemicals, Nerolac Paints, LIC and ICICI Bank among others.
Shah has won several awards including: Best Language (other than English) Film for Minto Fresh(RAPA), Concerned Communicator Award by Rajasthan Patrika 2004- Ad for Literacy published in top 50 journal, CNBC TV 18 Autocar awards for the Best Car Commercial for Tata IndicaV2 Xeta (2007), Mint Wall Street Journal – Campaign of the month for Tata Indicom Unlimited Talktime film in 2007, Amul Probiotic Launch Campaign- Winning the International Dairy Federation best campaign at the World Dairy Summit (London). Some of the other campaigns under his name are Tata Indicom launch, Dark Fantasy and several Santoor TV commercials.
Brands
Unilever nears $60bn merger of its food arm with spice giant McCormick
A cash-and-stock deal, structured to be tax-efficient, could be announced as early as this week, but the ink is not yet dry
LONDON: The world’s condiment cupboard is about to get a whole lot more consolidated. Unilever, the Anglo-Dutch consumer goods giant, is closing in on a deal to carve out a large chunk of its food business and merge it with McCormick & Company, the American spice-maker, creating a combined entity worth roughly $60bn, according to a report by the Wall Street Journal.
The proposed transaction would be structured as a cash-and-stock deal, with Unilever shareholders expected to retain about two-thirds of the new entity. A cash component of approximately $16bn is set to be included. The vehicle of choice is a Reverse Morris Trust, a structure beloved by corporate lawyers for its ability to shield such transactions from US federal income taxes.
Not everything is on the table, however. Unilever has made clear that its India operations would be excluded from the arrangement, preserving one of its most prized and complex emerging-market businesses from the merger’s reach.
If finalised, the deal would rank among the largest consolidations the global food industry has seen in years, yoking together two of the biggest names in packaged foods and seasonings. The combined group could significantly bolster its clout in international markets, particularly in branded consumer products.
Unilever, though, is playing it carefully. The company reiterated that talks are continuing and that final terms have yet to be agreed, adding that it would provide further updates as negotiations progress.
Watch this space, but do not reach for the mustard just yet.
