Japanese retailer Seven & I unveils major restructuring plan with 3000 jobs at stake

JAPAN – Seven & I Holdings Company, the largest convenience stores operator in Japan has unveiled a major restructuring strategy at its group subsidiaries that will result to loss of 3000 jobs. As it continues […]

India’s food retail firm Lite Bite to raise US$70m in fresh funding

INDIA – Food and Beverage retailer, Lite Bite Foods plans to raise US$70.41 million (Rs500 crore) from investors as the company seeks to expand its presence in India and other international markets. Lite Bites, which […]

Ant Financial backed foodtech unicorn Zomato to raise US$600m in fresh funding

INDIA – Food ordering and delivery platform, Zomato is in the process of raising US$600 million in a fresh funding round to fuel its food delivery and dining out operations. According to an ET Retail […]

Specialty food distributor Good Source adds Gold Star Foods to its portfolio

USA – Good Source Solutions, a leading specialty food distributor owned by private equity firm Highview Capital has acquired Gold Star Foods from private equity firm, Castle Harlan, to expand its its portfolio. The acquisition, […]

Impossible Foods rolls out plant-based burger in select US stores

USA – Impossible Foods has launched its plant-based Impossible Burger in 27 outlets of California-based Gelson Markets grocer, marking the first time consumers will be able to purchase the product from grocery stores. The Impossible […]

Mark & Spencer partners with infarm in promoting sustainable urban farming

UK – Marks & Spencer is partnering with urban farming platform infarm to deliver a range of fresh produce grown and harvested in some of its stores. The retailer in planning to launch the first […]

Indian snacks major Haldiram’s plans US$10m investment in Frozen Bottle

INDIA – Haldiram Snacks, one of the leading snacks and sweet producer in India is in advanced talks to invest in Bengaluru-based milk shake brand Frozen Bottle. According to a DealSteerAsia report, Haldiram’s is looking […]

Kroger partners with PBFA in piloting plant-based meat retail concept

USA – The American retailing company, Kroger has teamed up with Plant Based Foods Association (PBFA) to test a plant-based meat concept within its conventional meat department in 60 stores. The retail concept will run […]

Coffee tech firm Bellwether Coffee raises $40m in funding

USA – California based Coffee technology firm, Bellwether Coffee has raised US$40 million through a Series B funding to accelerate expansion of its electronic commercial roaster and online coffee bean marketplace solutions. Led by DBL […]

South African retailer Shoprite secured US$5.49m for expansion in Kenya

KENYA – Shoprite Holdings, Africa’s biggest retailer headquartered in South Africa, secured US$5.49 million (about Sh566 million in current terms) in funding to expand its footprint in Kenya. The facility, which the retailer acquired from […]