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…

Nestle Nigeria partners with Lagos Business School on a Sales Academy

NIGERIA - Nestle Nigeria has collaborated Lagos Business School to start a Sales Academy geared at training and equipping its employees in line with its commitment to create an environment that allows people to learn, grow and thrive in each country where it operates, ThisDay Newspaper reveals. According to the company, the academy will deploy…

Famous Brands earnings to be hit by US$61m impairment from UK Gourmet Burger

SOUTH AFRICA - South African restaurant franchisor Famous Brands has announced that it expects to register US$61.06 million (R874m) impairment from its UK restaurant business, GBK which has failed to meet performance expectations, according to IOL Business Report. Gourmet Burger Kitchen it acquired in 2016 for US$146.6m has been recording losses as trading conditions continue…

Müller Milk & Ingredients completes Dairy Crest integration, appoints new CFO

UK - Müller Milk & Ingredients (MMI) CEO Patrick Müller has confirmed completion of Britain’s largest ever dairy industry integration, set out his strategy for the future of the US$1.96 billion fresh milk, cream, butter and ingredients business, and confirmed a key executive board appointment. According to the company, Brian Watson has been appointed as…

National craft beer associations form Independent Brewers of Europe partnership

EUROPE - European craft brewing associations Independent Brewers of Ireland, The Society of Independent Brewers (SIBA), Syndicat National des BrasseursIndépendants (SNBI), Unionbirrai, Scanian Beverage Producers, Det Fri Øl, and Craft Brewers Netherlands have formed the Independent Brewers of Europe (IBE). According to Food & Drinks Insight, the partnership will represent craft brewing associations from various parts…

Molson Coors Canada and HEXO complete join venture to launch Truss

CANADA – Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company, and HEXO Corp. have announced that they have closed the deal to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization. HEXO is an adult-use cannabis brand built by innovators and explorers,…

US’ seed firm and AGT Foods Africa partner to form sorghum and sunflower joint venture deal

SOUTH AFRICA - The US based propriety seed company S&W Seed Co. and AGT Foods Africa Pty Ltd have partnered to form a new joint venture to deal with seed products such as sorghum and sunflower. The new company registered in South Africa under the name of SeedVision SA will produce and commercialize seed products…

East African Community and IGAD partner to launch Nutrition Knowledge Hubs

TANZANIA - Member States of the East African Community (EAC) and Intergovernmental Authority on Development (IGAD) have launched knowledge hubs in Dar es Salaam, Tanzania to enhance food and nutrition security while addressing challenges in the sector. The two partners in collaboration with NEPAD Agency organised a three-day regional knowledge management capacity training on Food…

UberEats India partners Tata AIG to provide insurance to delivery fleet

ASIA - Food ordering and delivery platform, UberEats has partnered with the Indian general insurance company, Tata AIG to offer a comprehensive insurance cover for its delivery executives in India. According to ET Retail, the programme insures the executives for up to US$6,869.54 against accidental death and permanent disability, applicable when they are on the…

WFP partners Agrihouse for a Pre-harvest exhibition and conference to support farmers

GHANA - The World Food Programme (WFP) and the non-governmental agricultural capacity building organisation, Agrihouse Foundation have signed a partnership to organise the 8th edition of the Pre-harvest exhibition and conference geared at supporting farmers and agro-processors. The agreement worth US$75,000 will provide technical and financial assistance to support the programme set for October 3…