 "Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.")
Tails Trading Group, a UK-based supplier of consumer packaged goods led by Indian entrepreneur Siddharth Shankar, has sold its private labelling division for GBP 395 million to an international investor consortium. The labelling division supplies various products, including food, beverages, and household items, to major retailers and airlines across North America and Europe. Shankar views this sale as a strategic milestone, believing the business will thrive under its new management. The consortium, which includes NetOil and other prominent companies, aims to enhance its global shipping capabilities and access quality manufacturers. Shankar, who studied in the UK and is passionate about strengthening the India-UK trade corridor, plans to contribute to India’s business landscape in the future.
Tails Trading Group, a UK supplier of various consumer goods, has made headlines with the announcement of the sale of its private labelling division to a major international investor consortium for GBP 395 million. The company, led by Indian entrepreneur Siddharth Shankar, is known for supplying a range of products that includes food and beverages, personal hygiene products, and household cleaning items. Their clients span across large retailers, hotels, airlines, and regional importers in North America and Europe.
In a statement, Siddharth Shankar, the CEO of Tails Trading Group, described the sale as a significant milestone for the company. He expressed confidence that the new management would further enhance the business and its social impact. The investor consortium, which is spearheaded by the energy giant NetOil, also includes various firms from the consumer brand distribution sector in Europe, an American retailer, and a green supply chain company.
According to Gilles Koch from NetOil, this acquisition is expected to deliver long-term value and synergies for the buyers. It will also facilitate access to an established network of quality manufacturers worldwide, boosting shipments and revenue for the consortium.
Siddharth Shankar, who moved from India to the UK in 2016 to pursue an MBA, emphasized the potential of the UK-India trade corridor. He aims to foster opportunities between the two nations while holding a vision of eventually returning to India to contribute to its business ecosystem and society.
Overall, this strategic move is expected to enhance Tails Trading Group’s position in the global Market while opening new avenues for growth in the future.
Meta Description: Tails Trading Group, led by Indian CEO Siddharth Shankar, sells its private labelling division for GBP 395 million. This strategic move aims to enhance global Market position.
- What is Tails Trading Group?
Tails Trading Group is a company based in the UK that deals with various trading activities. They have now created a private arm that focuses on specific services and offerings.
- Who is selling Tails Trading Group’s private arm?
An Indian entrepreneur is selling this private arm of Tails Trading Group. They aim to reach new markets and customers.
- Why is the private arm being sold?
The private arm is being sold to allow the entrepreneur to expand operations and offer more tailored services to clients in India and other regions.
- How can I get involved or learn more about the offerings?
You can visit the company’s website or contact their team directly to get more information about their services and how to get involved.
- What benefits does the private arm offer to businesses?
The private arm of Tails Trading Group provides specialized services, expertise, and Market insights that can help businesses grow and succeed in their trading activities.
