New 2 Sisters CEO Ronald Kers sets out a new transformation agenda

UK – The new CEO of UK’s poultry manufacturing company 2 Sisters, Ronald Kers, has set out new plans of transformation and organisational changes in the first week of his reign. According to the company, the ex-CEO of Muller has also informed the colleagues of new ‘Framework for Success’ plan and spelled out his vision…

Fast-food franchise Subway to open four more outlets in Kenya

KENYA - The American privately held sandwiches and salads restaurant chain has said it is looking to open four additional branches in the Kenyan capital Nairobi where an appetite for fast-foods is significantly increasing, reported Business Daily. Subway through Liberty Eagle Holdings, the Africa franchise holder of the fast-food brand, is embarking on a growth…

Zomato expands operations to 7 more cities as India forms its largest focus market

INDIA - Restaurant service and online delivery platform Zomato said it is expanding operations to seven more cities in tier II region with India forming its largest focus market in growth plan. According to an article in the ETRetail, Zomato has gained a strong foothold in both tier II and tier III cities and this…

Anti-Profiteering agency questions Subway, KFC and Pizza Hut on tax cuts

INDIA - The National Anti-Profiteering Authority (NAPA) has questioned Subway, Yum Restaurants owned Pizza Hut and Kentucky Fried Chicken (KFC) for not fully passing on cuts in goods and services tax (GST) rates to consumers. The fast food restaurants were indicated to have impartially adhered to lower GST rates by passing tax cuts on select…

Dutch meat alternatives innovator debuts plant-based smoked sausages

NETHERLANDS - Dutch meat alternatives innovator, The Vegetarian Butcher, has been working on a plant-based smoked sausage with a traditional taste for the past seven years. According to FoodingredientsFirst, the aim was to create a product that would taste great, even for typical meat eaters. The plant-based food market is growing at double-digit rates and…

Tyson Foods agrees to sell Pizza Crust business to Peak Rock Capital

USA - Tyson Foods, an American multinational corporation, has reached an agreement to sell its pizza crust business to an affiliate of private equity firm Peak Rock Capital. According to the company, the sale includes TNT Crust, a business founded in 1981 that produces partially-baked and self-rising pizza crusts for frozen pizza manufacturers and foodservice…

Coca-Cola European Partners reports first half year revenues at US$6.19m

USA - Coca-Cola European Partners, has announced its interim results for the six months ended 29 June 2018 with a reported revenue totalled at US$6.19 million, maintaining full-year 2018 outlook. According to the company, the first-half diluted earnings per share were US$0.97 on a reported basis or US$1.15 on a comparable basis, including a negligible…

Hershey-owned Dagoba Organic Chocolate debuts new range of flavour-infused bars

GERMANY - Dagoba Organic Chocolate, a brand of premium organic chocolate, owned by Hershey, has debuted a new range of infused flavours for its bars and bite-sized chocolate ‘Gems’. According to Financial Times, Dagoba offers unique flavour combinations as part of its brand identity. The new flavours include 84% cacao extra dark chocolate, 37% cacao…

Competition Commission of India clears Walmart’s US$16bn Flipkart acquisition

INDIA- The Indian regulator has approved Walmart’s US$16 billion acquisition of India’s largest e-commerce firm Flipkart, its biggest takeover ever in a fast growing retail space. In May, Walmart announced the acquisition of 77% stake of Flipkart to beef up competition against its rival Amazon who acquired Whole Foods, the American organic products retailer for…

Coca-Cola Beverages SA appoints Flora Jika as new logistics director

SOUTH AFRICA - Coca-Cola Beverages South Africa (CCBSA) has appointed Flora Jika as the new logistics director after working with the company for almost ten years, Business Day has reported. Jika, a holder of master’s degree in industrial engineering from Wits University, joined CCBSA in 2008 after a four-year stint at Anglo American’s Witbank coalfields.…