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…

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…

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…

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…

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…

Pick n Pay’s half year profits grow 19.1% on gains to price cuts

SOUTH AFRICA - The retailer supermarket Pick n Pay has said that half-year profits before tax grew by 19.1% to US$47.17 million boosted by massive price cuts that attracted more shoppers into its stores, reports IOL Business report. Headline earnings per share grew by 80.5%, excluding the impact of voluntary severance costs from last year’s…

Hearthside Food Solutions signs agreement to acquire Greencore USA

USA - Hearthside Food Solutions, a leading contract manufacturer, has announced the signing of a definitive agreement to acquire Greencore USA, a leader in frozen contract packaging and a top producer of refrigerated, fresh-made sandwiches, entrees, and salad kits. According to the company, the transaction marks a significant step in the further growth and development…