Kellogg collaborates to test eye-tracking technology in retail stocking

USA - The Kellogg Company has partnered Accenture and Qualcomm to launch a a pilot test that uses eye-tracking technology in a virtual reality headset to determine the best way to stock shelves for retailers. The partnership looks to transform retail merchandising by enabling companies to do market research faster, more affordably, and on a…

Nestle proposes new independent directors to join company board

SWITZERLAND – The food and beverages giant, Nestle has proposed two new independent directors- Dick Boer, and Dinesh Paliwal to join the company board. Dick Boer who is former President and CEO of Ahold Delhaize N.V and Dinesh Paliwal, President and CEO of Harman International Industries Inc, a subsidiary of Samsung Electronics Co., Ltd will stand for an election…

Reliance Industries Ltd to invest US$1.4bn in India’s e-commerce sector

INDIA - Reliance Industries Limited (RIL), an energy and telecoms conglomerate, has unveiled plans of investing US1.4 billion into India’s e-commerce sector as part of its diversification strategy, reports ET Retail. The investment by RIL comes at a time when other e-commerce giants such as Amazon.com and Flipkart are experiencing tough operating environment due to…

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…

Nigeria’s quick service restaurant Eat ’N’Go opens two new outlets

NIGERIA – Eat 'N' Go Restaurant Group, the master franchisee for Domino's Pizza Nigeria and Cold Stone Creamy, has opened two more outlets in Abuja as it seeks to expand its business in the country, reports Pulse Nigeria. The group said that this is part of its ambitions to offer quality fast food brands as…

India’s food delivery firm Swiggy acquihires AI start-up Kint.io

INDIA – Online food delivery platform, Swiggy has acquihired artificial intelligence (AI) start-up, Kint.io to boost its computer vision technology and consumer experience, reports ET. According to Dale Vaz, Head of Engineering and Data Sciences at Swiggy, the acquihire aims at enabling Swiggy benefit from Kinto.io’s expertise in dep learning and AI. “The team at…

Pizza Hut Ethiopia launches first exceptional gender empowerment outlet

ETHIOPIA – American pizza chain, Pizza Hut, has launched its first ever women-operated restaurant in line with its gender empowerment ambitions through the Ethiopian Business, reports Addis Standard. Speaking during the launching event at Century Mall, Chief Executive Officer /Shareholder of Belayab foods and Pizza Hut franchise in Ethiopia, Michael Ghebru, highlighted that Pizza Hut…

Jubilant FoodWorks Q3 net profit jumps 46% as revenues rise

INDIA - Domino's Pizza and Dunkin' Donuts food chain operator, Jubilant FoodWorks has reported a 46% increase in net profit to US$13.52 million in the third quarter ended December 31, 2018. Revenue for the period was US$130.24 million (Rs 929 crore), up 17% compared to US$111.43 million recorded in the corresponding period in the year…

Spanish delivery firm Glovo launches food delivery service in Kenya

KENYA - Glovo, a Spanish delivery start-up firm, has launched its operations in Kenya through its delivery application software that allows consumers order food and groceries among other goods, reports Business Daily. In addition to food and groceries delivery and orders, Glovo said that customers through the Glovo application software can make orders of “virtually…

South Africa’s restaurant chain RocoMamas’ sales sink by 6.7%

SOUTH AFRICA – south Africa’s quick service restaurant, RocoMamas posted a 6.7% decline in its six months financial results for the period ending 31st December 2018, reports Business Day.    RocoMamas is a major growth engine for Spur Corporation’s restaurant group. Pierre van Tonder, Spur crorporation Chief Executive Officer said the decline in sales from…