Foodpanda enters the cloud kitchen with Holachef acquisition

INDIA - The Ola-owned online food delivery network, Foodpanda has acquired Mumbai’s food delivery service Holachef for an undisclosed sum, making an entry into cloud kitchen business. According to Inc42, Foodpanda will take over Holachef’s business including its kitchens, equipment, as well as bring onboard the company’s employees as well as cofounders. "At Foodpanda, we…

Diageo India sells office space in Bengaluru to DivyaSree Group

INDIA - World’s spirit major and beer maker Diageo plans to sell its 30,000 sq. ft. of UB Tower prime office space in Bengaluru to DivyaSree Group for US$380.41 per sq. ft. The deal, reported to be the highest ever fetched in the city’s office market will see Diageo sell and lease back the space…

Unilever launches new probiotic-enriched ice cream brand

EUROPE – Unilever, a British-Dutch transnational consumer goods company, has launched a new probiotic ice cream brand called Culture Republick, which the company claims is the first premium ice cream containing probiotics. According to the company, the Culture Republick’s product range initially includes seven flavours, such as: Milk & Honey, Turmeric Chai & Cinnamon, Cold…

Irish government opens a new US$45.98m dairy research centre in Cork

IRELAND - Ireland’s Ministry for Agriculture and the Science Foundation Ireland (SFI) have opened a new US$45.98 million dairy research centre in Cork, called the VistaMilk SFI Research Centre, to assist the Irish dairy industry. According to FoodBev, the research centre will also provide research for precision pasture-based dairying, to improve the industry’s impact on…

Danone reports 3.1% sales growth of US$7112m in nine-month sales report

FRANCE – Danone, a French multinational food-products corporation, has reported a 3.1% consolidated sales growth in first-nine months, with sales of US$7112 million. According to the company, for the three months ending September 30, 2018, consolidated sales stood at US$7.13 billion, up 1.4% on a like-for-like basis, with a 3.3% rise in value more than…

Nestle Zone Asia CEO to leave the company in new changes in the executive board

ASIA – Nestle, a Swiss transnational food and drink company, has reported that Wan Ling Martello, CEO of Zone Asia, Oceania and Sub-Saharan Africa (AOA) and a member of the Nestlé Group Executive Board, will leave Nestlé after seven successful years at the company on December 31, 2018 to explore new horizons. According to the…

Nestle reports 2% organic growth to US$66.7b in nine-month sales report

USA - Nestle, a Swiss transnational food and drink company, has reported a 2% increase in sales to US$66.69 billion in its nine-month sales report, with an organic growth of 2.8%. According to the company, the total reported sales increased by 2.0% to US$66.69 billion (from US$65.39 billion in 2017), and the net acquisitions had…

Nestle launches campaign to reinforce NESCAFE brand in Thailand

ASIA – NESCAFÉ, a brand of coffee made by Nestlé, has launched “Nurture Stronger Bond” campaign, the biggest campaign of the year with US$24.55 million budget, to celebrate 45 years of its journey in Thailand. According to the company, the campaign will also reinstate the brand proposition as a connection builder, as well as reinforce…

Maharashtra government to start online sale and home delivery of liquor

INDIA - The state government of Maharashtra is planning to legalize online sale and delivery of liquor at home in the state, the first in the country that will see sale of alcohol on ecommerce platforms. Such a bold move represents the government’s effort to control drunk driving, Times of India reports. "The main objective…

Hindustan Unilever posts 19.5% rise in profit to US$207m in second quarter

INDIA - Mumbai based consumer goods company, Hindustan Unilever has reported a 19.51% increase in net profit to US$207.33 million on account of double-digit growth across categories in the second quarter. According to the company’s regulatory filings, sales during the quarter under review stood at US$1.24 billion against US$1.11 billion in the year-ago period, up…