Mondelez International reports significant progress against the 2020 impact goals

USA – Mondelēz International, an American multinational confectionery, food, and beverage company, has reported important progress against its 2020 impact goals in its 2017 Impact For Growth Progress Report recently released. According to the company, the report details progress against sustainable agriculture and environmental footprint goals, as well as global expansion of healthy lifestyle and…

Tyson Foods to buy Keystone Foods business Marfrig for US$2.16b

USA - Tyson Foods, Inc., an American multinational corporation, has announced it has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for US$2.16 billion in cash. According to the company, the acquisition of Keystone, a major supplier to the growing global foodservice industry, is Tyson Foods' latest investment in…

Full Harvest secures US$8.5m in Series A round of financing by Spark Capital

USA - Full Harvest, a B2B marketplace that helps farmers shift surplus and imperfect produce to food and beverage companies, has closed an US$8.5 million Series A round of financing led by Spark Capital. According to FoodingredientsFirst, Full Harvest will use the Series A investment to achieve its mission of eradicating food waste at the…

Shoprite’s Checkers launches Ready to Chef meal kits that makes cooking easier

SOUTH AFRICA - Checkers, a South African FMCG retailer owned by Shoprite has launched Ready to Chef meal kits aimed at making cooking at home much easier, a report by IOL reveals. The meal kits, first for South African retailers have been developed by chefs and each meal kit has fresh and locally-sourced ingredients, a…

Shoprite reports 3.8% drop in annual earnings attributed to inflations

SOUTH AFRICA - Leading supermarket chain and Africa’s largest grocer Shoprite has reported a 3.8% decline in annual earnings for the year ended June 30 showing a dwindling performance in its South African home market and the continent. Reuters reported that the company's drop in diluted headline earnings per share to 968.7c was mainly attributed…

Alteria Capital invests US$4.8m in organic beverage startup Raw Pressery

ASIA - Mumbai based venture debt fund for startups, Alteria Capital has invested US$4.80mn debt and equity capital in the maker of fresh, organic cold-pressed juice and beverages, Raw Pressery. The new capital is meant to expand distribution domestically as well as in international markets such as the Middle East and Southeast Asia. According to…

Coca-Cola HBC’s growth in volume lifts revenue 0.5% in the first half

NIGERIA - Coca-Cola Hellenic Bottling Company, the parent company of the Nigerian Bottling Company (NBC) has reported 0.5% growth in revenue boosted by 4.6% rise in volume from both the developing and emerging markets. The first half of 2018 was characterized by strong performance in the second quarter helped by new product launches, good weather…

Kroger and Nuro begin driverless grocery delivery tests in the US

USA - One of the largest supermarket chains in America, Kroger together with its technology partner Nuro have started testing driverless grocery delivery at a single Fry's Food Store in Scottsdale, Arizona. The driverless deliveries are one of the strategies exerted by supermarket chains and general retailers including rival Walmart to lower high costs distribution…

FMCG startup QwikPik partners Swiggy to pilot delivery of its heat & eat pizzas

ASIA - QwikPik, a startup technology offering ready to serve snacks and meals has partnered with Swiggy for delivery of its food products in India, according to ET Retail. The partnership involves QwikPik Technology’s packaged food brand Yumlane through a pilot program across select locations in Mumbai with possibilities to extend the partnership across all…

Domino’s seeks to terminate Indian partnership with Coca-Cola for PepsiCo

ASIA - Domino’s Pizza, the American pizza restaurant operated by Jubilant Food-Works (JFL) in India is seeking to end its global partnership with Coca-Cola in India, with possibility of swapping it with its rival PepsiCo, two officials aware of the matter revealed. According to ET Retail, Domino’s is in active negotiations that may see the…