Domino’s unveils pizza delivery ‘hotspots’ amidst competition heat-up

USA - Domino’s Pizza Inc, the American pizza restaurant chain has stepped up its pizza delivery system with new delivery ‘hotspots’, giving consumers convenience of picking up their products at set-off points. The initiative allows customers to find the pick-up points with the location services on their smartphones, opening new sales opportunities for the company.…

Pioneer Foods signals higher profit of upto 44% for the first half

SOUTH AFRICA - The South African packaged goods company Pioneer Foods expects half year operating profit to increase 44% while headline earnings to go up 32% despite of a decline in revenue. Sales volume increased, while some of its main brands recorded a higher market share, others remained fairly stable promising a better first-half performance…

Pick n Pay reports 7% growth in net profit as a result of cost-cutting initiatives

SOUTH AFRICA - Pick n’ Pay, the second largest supermarket chain store in South Africa has reported almost 7% growth in net profit as a reward from cost-cutting programme and a steady 5% increase in sales, reported BusinessDay from a statement. “The group’s muted turnover growth reflects the pressure of an exceedingly challenging trading environment,…

Tesco reports 28% rise in annual profits boosted by high sales

UK - Tesco, the British multinational grocery retailer has announced a 28% rise in annual profits to US$2.02 billion, boosted by high sales of up to US$70.98 billion in ninth consecutive quarter of growth. The supermarket’s sales grew 2.8% more than expected in the last three months of its financial year while it made a…

2 Sisters Food Group to close its Scotland plant over food safety concerns

SCOTLAND – 2 Sisters Group, UK’S biggest supplier of supermarket chain has confirmed it will shut down its Scotland plant with hundreds of poultry workers losing their jobs due to the closure. According to the Guardian, the site which employs over 450 people has been battling with issues concerning food safety and standards in the…

2 Sisters Group commits to make 90% of all its plastics recyclable by 2020

UK - 2 Sisters Group has announced a commitment to make 90% of all its plastic components in their brands by 2020, enhancing sustainability centred at the environment, people, economic success and sustainable raw material sourcing. The group is leading the food processing sector by using less and recycling more plastic to reduce plastic waste…

Shoprite’s CFO Marius Bosman to resign in July

SOUTH AFRICA - Shoprite’s Chief Financial Officer Marius Bosman will be stepping down from his position in July, after the retailer completes its financial accounts for the year ending June, reports Business Day. He will however remain as a consultant, according to the market announcement by the firm, as he has served for as long…

Pizza Hut opens 100th store in sub-Saharan Africa

SOUTH AFRICA - Pizza Hut, the American restaurant chain and international franchise has opened a new store in Johannesburg, South Africa with ambitious plans to expand into Africa. It provides Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts in a range of restaurants across Africa. Pizza Hut restaurants now…

SE Asia’s giant food delivery GrabFood acquires Uber in largest-ever deal

INDONESIA – GrabFood, South East Asia’s giant food delivery service has completed the acquisition of the business of rival Uber Technologies, the largest-ever deal of its kind in the region. This deal will not only make the Singapore firm a dominant player in the region’s ride-hailing market but will also make GrabFood one of the biggest food…

Aldi invests US$30.8935m to its regional distribution centre in West Lothian.

SCOTLAND - Supermarket chain Aldi is set to invest US$30.8935 million in a bid to expand its Bathgate distribution centre located in West Lothian after receiving the approval from West Lothian Council. Aldi plans to boost its distribution capacity with 196,000 square feet storage and chill facility, creating more than 200 new jobs at the…