Simbisa Brands set to open 15 new outlets seeking to consolidate its market share

ZIMBABWE -Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited is targeting to open 15 new outlets across the country this year, at an estimated cost of US$3 million, According to Warren Meares, Managing Director […]

Flipkart establishes new entity FarmerMart to venture into India’s food retail sector

INDIA – Walmart-owned ecommerce company, Flipkart has formed a new entity – the Flipkart FarmerMart Pvt Ltd – as the company prepares to enter into the food retail business in India. The new entity will […]

2 Sisters sells UK-based bakery foods business to Valeo Foods for US$83.48m

UK – 2 Sisters Food Group has entered into an agreement to sell its UK-based pudding business, trading as Matthew Walker to Valeo Foods Group for £67 million (US$83.48m). Headquartered in Derbyshire, Matthew Walker produces […]

DuPont to construct neW Industrial Biosciences headquarters in the Netherlands

NETHERLANDS – The world’s leading bioscience company, DuPont has unveiled plans for new European headquarters for Industrial Biosciences in the Netherlands to expand its research and innovation capabilities. The elaborate facility is located at its […]

Marriott’s AC Hotels opens continent’s first hotel in South Africa

SOUTH AFRICA – AC Hotels, Marriott International’s European-inspired lifestyle brand owned by Marriott International has opened its first Middle East and Africa hotel in Cape Town, South Africa. The 188-room facility was developed and owned […]

South Africa based Naspers plans further investment in Swiggy

INDIA – Naspers Ltd., Africa’s largest company by market value has indicated that it plans to further invest in the Indian food delivery business, Swiggy through its third fund-raising round of the year. According to […]

FSSAI wants calorie count on restaurant menu to promote healthy habits

INDIA – The Food Safety and Standards Authority of India has called on restaurants to voluntarily indicate calorie counts on menus to promote healthy diets and lifestyles in the country, reported ET Retail. The food […]