Java kicks off 3-year growth strategy in Africa with 3 more outlets in Rwanda

RWANDA - Java House, one of the largest coffee houses in Africa is set to open three additional stores in the next six months in Rwanda as it plans to gain a wider footprint in the African coffee-led restaurants. According to Business Daily, the coffee chain plans to open two additional branches and an outlet…

Grocery retailer OK Zimbabwe opens 49th outlet as it consolidates retail space

ZIMBABWE - OK Zimbabwe Limited, ZSE listed supermarket retailer has opened a new outlet in Glen View, Harare bringing its OK stores to 49 as it continues to consolidate its market share in the retail space, according to the Herald report. The new outlet will serve residents in Glen View and other regions such as…

Famous Brands sales grow 6.7% even as losses from UK’s GBK more than tripled

SOUTH AFRICA - Famous Brands, JSE listed and Africa's leading quick-service franchisor has reported 6.7% growth in sales despite a loss from Gourmet Burger Kitchen (GBK) which more than tripled in the UK, Business Day has reported. In its voluntary performance update issued on August 16, the casual dining restaurant chain said GBK would contribute…

PepsiCo Mexico cuts down on sugar and salt by 24% in snacks

MEXICO - PepsiCo Mexico has cut down on sugar and salt across its snacks portfolio by 24% as part of a long-term reformulation strategy designed to reduce added sugars and sodium across products. According to FoodingredientsFirst, Mexico was a pioneer in implementing a sugar tax on sugary soft drinks in a bid to cut alarming…

Monsanto glyphosate traces found in children breakfast cereals and snack bars in US

USA - Significant levels of the weedkilling monsanto chemical glyphosate have been found in an array of popular breakfast cereals, oats and snack bars marketed to US children, a new study has found. According to the Guardian, tests have revealed glyphosate, the active ingredient in the popular weedkiller brand Roundup, present in all but two…

Hershey Company’s Chief Financial Officer Patricia A. Little to retire in 2019

USA - The Hershey Company, an American company and one of the largest chocolate manufacturers in the world, has announced that Patricia A. Little, Senior Vice President and Chief Financial Officer, intends to retire from the company in the spring of 2019. The company said that Little has served as the company’s CFO since joining in…

Tyson Foods wins contracts worth US$726.6m for beef production and supply in the US

USA - Tyson Fresh Meats, a unit of Tyson Foods, has won a US$440 million defense contract to provide fresh beef and frozen ground beef products to military commissaries in the central and eastern United States. The company also won a separate US$286.6 million contract to provide fresh beef and frozen ground beef products to…

Tiger Brands full-year profit fall by 37% after Listeriosis outbreak aftermath

SOUTH AFRICA - Tiger Brands Ltd., a South African packaged goods company, has said that its full-year profit fell as much as 37% after one of its plants was blamed for South Africa’s listeriosis outbreak. According to Bloomberg, the company shares dropped by 9.8%, the most since March 5, the day after the South African…

FDA, CDC investigate multi-state outbreak of cyclosporiasis illnesses linked to McDonald’s salads

USA - The FDA, CDC, along with state and local officials are investigating a multi-state outbreak of cyclosporiasis illnesses likely linked to salads from McDonald's restaurants. According to FDA, a total of 476 laboratory-confirmed cases of Cyclospora infection were reported in people who consumed salads from McDonald’s restaurants; the cases were reported by 15 states,…

Nestlé Waters North America names Yumi Clevenger-Lee as Vice President and CMO

USA - Nestlé Waters North America (NWNA) has announced that Yumi Clevenger-Lee has been named Vice President and Chief Marketing Officer, effective August 1, 2018. According to the company, Clevenger-Lee replaces Antonio Sciuto who has made the decision to leave NWNA to consider opportunities both within and outside of Nestlé. Clevenger-Lee is a seasoned and…