Zambeef to expand reach with a new Macro outlet in Kitwe

ZAMBIA - The food products and agribusiness company, Zambeef Plc is opening another of its popular Macro outlets in Wusakile, Kitwe as it expands its offerings on the Copperbelt. The new store is an addition to about 24 macro outlets it has opened across the country, and the company plans to launch more modern convenience…

Domino’s Pizza partners with Cold Stone Creamery to launch a ‘cultural’ ice cream flavour in Nigeria

NIGERIA - The Pizza giant Domino’s in partnership with the US ice cream parlor chain, Cold Stone Creamery has launched a new ice cream flavor called Baby Cakes alongside a squad meal that matches family lifestyles in Nigeria. To promote a cultural upbeat among consumers, the two are also collaborating with Biola Alabi Media to produce…

Walmart looking to appoint foreign executives as CFO after it completes Flipkart acquisition

INDIA - Walmart Inc., the world’s largest retailer is looking to appoint foreign executives as Chief Financial Officer (CFO), legal counsel and compliance officer at Bengaluru-based Flipkart once it completes the acquisition transaction. Revealing sources familiar with the matter, ET Retail has reported that Walmart may consider hiring from its Asda unit in the UK,…

Chinese dairy manufacturer Mengniu revitalises organic milk using Tetra Pak solutions

CHINA - Mengniu, a leading Chinese dairy manufacturer, has upgraded its premium line of organic milk in collaboration with Tetra Pak, making it the first white milk in the world to use Tetra Prisma® Aseptic 250 Edge with DreamCap™​​. According to Tetra Pak, the new product line has a higher protein content, tastes better and…

PepsiCo enters distribution agreement with Select Harvests branded nuts into China

CHINA – PepsiCo, an American multinational food, snack, and beverage corporation, has entered into a distribution agreement with Select Harvests to bring the Australian company’s Lucky brand of nuts and seeds in China. According to FoodBev, the products will be produced and supplied by select Harvests, while PepsiCo will be responsible for marketing, sales and…

US meal kit company Chef’d suspends operations due to failure to secure funding

USA - Chef’d, a major meal-kit company in the US, has suspended operations after burning through investments and failing to secure more funding, according to FoodBev. The firm’s more than 350 employees -most of which worked at its warehouses in Brooklyn, New York, and California -were told that the company was shutting down earlier this…

Nestlé inaugurates new NESCAFÉ Dolce Gusto in Vietnam to increase production

ASIA – Nestlé, a Swiss transnational food and drink company, has inaugurated a new NESCAFÉ Dolce Gusto capsule production line in Dong Nai Province, Vietnam, expanding the Vietnamese facility production to 130m capsules per year. According to the company, the NESCAFÉ Dolce Gusto capsule production line uses raw materials from high quality Vietnamese coffee beans,…

Snacks manufacturer Ibersnacks Group reaches an agreement to acquire Europe Snacks Kolak

EUROPE - The Ibersnacks Group, a manufacturer of chips and snacks which provides these products for the white brand of Mercadona, Hacendado, has reached an agreement to join the French manufacturer Europe Snacks Kolak. According to the company, this acquisition will form a new group business with a joint turnover of US$407.6 million. According to…

Indian grocery delivery startup Milkbasket launches voice-buying service

INDIA - The Indian grocery and milk delivery startup Milkbasket has unveiled a “voice-buying” service at its grocery stores, which it claims reduces the order time by over 50%. The service, available on Google Assistant or later on Amazon Alexa will allow customers to place their orders using voice command. The Gurugram-based grocery store is…

Shoprite reports 3.3% rise in sales despite Angolan hyperinflation

SOUTH AFRICA - Shoprite, one of the largest food retailers in Africa has posted 3.3% increase in sales to US$10.89m for the year ended June despite increasing inflation and a 50% currency devaluation which hit hard its business operations in Angola. Business Day has reported that results of hyperinflation were translated to lower revenues in…