Africa's Number 1 Food, Beverage & Milling Industry Website
INDIA – Coca Cola India has expanded its portfolio of Minute Maid by launching Minute Maid Smoothie, a delicious snack that combines the ‘Power of 3’ ingredients – Fruits, Milk and Nutrients. According to the company, this is another step towards its commitment to provide an array of healthy and nutritious beverage choices to consumers.…
ASIA - The Kolkata based non-alcoholic beverages company, Tata Global Beverages (TGBL) has moved some of its global operations in regions such as India, the UK and US, Canada and Australia to its headquarters Kolkata, where the services will be managed. According to Tata Group chairman, the company is focusing on its core businesses with…
ASIA - Everstone Capital, India’s investment firm which operates the franchise Burger King plans to sell 20% of its stake in the quick service restaurant chain, reports ET Retail. While Everstone holds about 88% of Burger King India, the parent Burger King Worldwide holds 12% stake in the restaurant. According to two people familiar with…
ASIA - PepsiCo India’s Senior Vice President-Beverage category and transformation Vipul Prakash has stepped down to pursue an entrepreneurial opportunity outside the company. He will be succeeded by Vishal Kaul who joined the company recently from Ola and has been associated with PepsiCo since 1999. "Vipul Prakash, Senior Vice President, Beverages Category, India Region has…
ASIA - Amazon has initiated talks to acquire a minority stake in India’s food and grocery retail chain, Spencer's Retail as it seeks to penetrate the Asian market, two people mentioned by ET Retail to be familiar with the matter said. Amazon is considering alliances for an established footprint in the country’s food and grocery…
ASIA - Nestle India has launched its new Maggi Special Masala Noodles on Walmart-owned online platform Flipkart, solely available via ecommerce until it hits retail stores on August 31. Nestle’s new finely ground and whole spices reiterates the company’s focus on new product development for its instant noodle category. “It will give a chance to…
INDIA - Indiana Packers Corp. (IPC), a subsidiary of Tokyo-based Mitsubishi Corp., has reached an agreement to acquire Specialty Foods Group, L.L.C., in undisclosed financial terms. According to the company, it said the acquisition will strengthen its foundation for growth as well as position it to leverage valuable synergies relating to raw material utilization, manufacturing…
ASIA - US based technologies company Uber has said that India is the fastest growing market for its food delivery platform Uber Eats and it plans to rapidly expand in the country to cover more cities. The company said the number of orders on its platform had "more than quadrupled" in the last three months…
ASIA - Indian grocery delivery service Grofers said it expects over US$356.93 million in revenues for the year 2019 based on strong addition of new customers along with increasing cart sizes of existing users, ET Retail has reported. The firm said it currently has a monthly revenue run rate of about US$21.32mn that is, about…
ASIA - India’s fruit juice maker Manpasand Beverages Limited has invested US$25.69 million in a new manufacturing facility in Varanasi, Uttar Pradesh it seeks to expand its product portfolio. The facility will lead to the capacity addition of 45,000 to 50,000 cases per day from its existing capacity of around 225,000 cases per day. Apart…