France to ban use of titanium dioxide in pastries by the end of 2018

FRANCE - The French government has intensified campaign against titanium dioxide used as a pigment to bring a bright and smooth white appearance to pastries or confectionery or to opacify yogurt and ice cream, according to FoodingredientsFirst. The country is debating to ban the use of titanium dioxide as an additive in recipes by the…

UberEats acquires South African restaurant tech start up orderTalk

SOUTH AFRICA - UberEats, the American online food ordering and delivery platform has announced that it has acquired the South African restaurant technology start up orderTalk at an undisclosed sum. orderTalk Inc. owned by venture capital firm Knife Capital, offers online ordering software and call center solutions for the restaurant, takeout, and hospitality industry. According…

Kroger buys Illinois-based meal kit Home Chef for US$700m

USA - Kroger Co., one of the largest supermarket chains in the US has acquired the weekly meal kit and food delivery company, Home Chef for an initial price of US$200 million but CNBC indicated that the value could go to as much as US$700 million over the next five years if certain conditions including…

Tesco to remove “Best Before” dates from fruit and veg label to cut on food waste

UK - The British grocery store Tesco has announced plans to ditch ‘Best Before’ dates from its own label fruit and vegetables as part of the supermarket’s move to reduce the amount of edible food going into waste and eventually landfill. These include almost 70 fruit and vegetable lines for apples, potatoes, tomatoes, lemons and…

Muller launches into UK spreadable market with its first branded butter spread

UK - Muller UK and Ireland has entered the UK spreads market with the introduction of its first ever branded butter spread, launched exclusively in Tesco on 21 May. The launch of the Official Spreadable of British Athletics boosts its butter category including salted, unsalted and lactic butter which it supplies to both the domestic…

Kraft Heinz profits decline 0.3% in first quarter results

USA - Kraft Heinz profits declined 0.3% to US$893 million in its first quarter ended March results which show net sales declined 0.3% to US$6.3 billion while organic net sales decreased 1.5% compared to the same period a year ago. The company said the financial results reflected higher input costs, lower net sales in the…

Walmart’s revenue beat forecasts reaping big on online sales

USA - The American retail giant, Walmart’s revenue rose almost 2% higher than the forecasts to US$122.69 billion boosted by US online sales which grew 33% in the quarterly results. Earnings were up to US$1.14 cents per share as opposed to US$1.12 per share forecast by Thomson Reuters. Walmart e-commerce push reaped well on high…

Famous Brands expects to report US$9.21m loss from Gourmet Burger deal

SOUTH AFRICA - The South African fast-food franchises, Famous Brands said it expected to report a US$9.21m operating loss from the UK acquisition of Gourmet Burger Kitchen (GBK) in the financial year ending February results. Business Day reported its share price fell 5.4% to US$8.03 on Thursday morning after it warned shareholders it expected to…

Choppies to spend US$3m on new stores in Kenya and Tanzania

KENYA - The Botswana retailer and supermarket Choppies has unveiled plans to invest US$3 million in it’s a new regional expansion strategy with two stores in Kenya and another one in Tanzania this year, reports theEastAfrican. The Kenyan stores will attract US$2.37 million while US$700,000 for the Tanzanian store, one the company stated would be…

Astral Foods manage improved results with 15% revenue increase despite bird flu

SOUTH AFRICA - Astral Foods, the South African integrated poultry producer has reported positive results, having managed 15% increase in revenue to US$535.93 million despite challenges with the Avian influenza in the period, according to IOL Business report. While operating profit grew by 392.6%, the group’s operating profit margin increased 15.7% as compared to the…