Jubilant FoodWorks ventures into Chinese cuisine with launch of first own-brand

INDIA – Jubilant FoodWorks, the operator of the fast food restaurants Domino’s Pizza and Dunkin' Donuts has entered into Chinese fast casual segment by launching its first own-brand ‘Hong’s Kitchen’. Hong’s Kitchen has opened its first restaurant in Eros mall, Gurugram, highlighting that Chinese cuisine segment is fast growing in the Indian market. An ET…

South Africa’s Shoprite eyes share buyback from chairperson Christo Wiese

SOUTH AFRICA – Shoprite Holdings, a leading South African retailer, has unveiled plans of repurchasing its shares form the group’s chairperson, Christo Wiese, as it seeks to enhance transparency among its shareholders. Shoprite said that it has entered into an exclusive in-principle discussions with its chairperson Christo Wiese to purchase his deferred shares, reports Business…

South Africa’s retailer Shoprite reports half-year sales growth to US$5.47bn

SOUTH AFRICA – South Africa’s leading retailer, Shoprite reported growth in sale of merchandise to US$5.47 billion, a 0.2% increase, during its half year period ending 30th December 2018 while trading profit fell 15% to US$201.93 million. The grocery chain reported that its Africa division, with exemption of SA, fell into a trading loss of…

Amazon appoints former Pepsi CEO Indra Nooyi to company board

USA – Ecommerce giant, Amazon has appointed Indra Nooyi, former PepsiCo Inc. Chief Executive Officer to company Board of Directors, making her the fifth woman on Amazon’s eleven-member board. She is also the second woman appointed to the panel this month after the company named Starbucks Corp’s Chief Operating Officer Rosalind Brewer as a director,…

Kenya’s retailer Ukwala mulls exiting business over unpaid debts

KENYA – Kenya retailer, Ukwala Supermarkets has applied to the court for the permanent closure of business revealing that it was unable to finance its nearly US$10 million accumulated debts, reports Business Daily. Ukwala director Vijay Jayantilal Dodhia attributed the fate facing the firm on heavy losses as a result of hard economic times and…

Hershey’s joins Science Based Targets initiative, raises environmental policies

USA – American chocolate manufacturer, The Hershey Company has announced new sustainability commitments and initiatives in resolve to protect the environment from industrial practices. The company has joined the Science Based Targets initiative, part of strategy to elevate its environmental stewardship in doing business while preserving the community and the planet we live in. This…

Global food and drink firms join Loop for a waste-free shopping platform

SWITZERLAND – Global food, drinks and consumer goods companies have joined an online shopping concept called Loop that aims to change the world’s reliance on single-use packaging. Unveiled by the international recycling leader TerraCycle, the new platform also looks to offer consumers a more convenient and circular solution that addresses the concerns around environmental pollution.…

FrieslandCampina opens new dairy distribution center in Netherlands

NETHERLANDS – FrieslandCampina has inaugurated a new distribution center in Meppel, Netherlands to serve dairy customers in both local and international markets. With a surface of 31,000 square metres, the distribution center will store and transfer dairy products produced at its distribution facilities in Beilen and Meppel, located in Netherlands. It will serve as a…

GlaxoSmithKline Chairman Philip Hampton to step down

UK – The British, science-led global healthcare firm, GlaxoSmithKline has announced that Sir Philip Hampton has decided to step down as non-executive Chairman of the company. GSK, which recently unveiled plans to offload its consumer healthcare and nutrition business to Unilever said the Board has started the process of finding a successor. Philip Hampton was…

General Mills launches new Fiber One cereal made with real strawberries

USA – General Mills, the American consumer goods company has launched a new range of Fiber One cereal variants made with real strawberries in the United States. Available in retailers nationwide, the Strawberries and Vanilla Clusters are made with steel cut oats, vanilla clusters and delicious, real strawberries, offering consumers a tasty variety which also…