Kenya’s retailer Ukwala mulls exiting business over unpaid debts

KENYA – Kenya retailer, Ukwala Supermarkets has applied to the court for the permanent closure of business revealing that it was unable to finance its nearly US$10 million accumulated debts, reports Business Daily. Ukwala director Vijay Jayantilal Dodhia attributed the fate facing the firm on heavy losses as a result of hard economic times and…

Hershey’s joins Science Based Targets initiative, raises environmental policies

USA – American chocolate manufacturer, The Hershey Company has announced new sustainability commitments and initiatives in resolve to protect the environment from industrial practices. The company has joined the Science Based Targets initiative, part of strategy to elevate its environmental stewardship in doing business while preserving the community and the planet we live in. This…

Global food and drink firms join Loop for a waste-free shopping platform

SWITZERLAND – Global food, drinks and consumer goods companies have joined an online shopping concept called Loop that aims to change the world’s reliance on single-use packaging. Unveiled by the international recycling leader TerraCycle, the new platform also looks to offer consumers a more convenient and circular solution that addresses the concerns around environmental pollution.…

FrieslandCampina opens new dairy distribution center in Netherlands

NETHERLANDS – FrieslandCampina has inaugurated a new distribution center in Meppel, Netherlands to serve dairy customers in both local and international markets. With a surface of 31,000 square metres, the distribution center will store and transfer dairy products produced at its distribution facilities in Beilen and Meppel, located in Netherlands. It will serve as a…

GlaxoSmithKline Chairman Philip Hampton to step down

UK – The British, science-led global healthcare firm, GlaxoSmithKline has announced that Sir Philip Hampton has decided to step down as non-executive Chairman of the company. GSK, which recently unveiled plans to offload its consumer healthcare and nutrition business to Unilever said the Board has started the process of finding a successor. Philip Hampton was…

General Mills launches new Fiber One cereal made with real strawberries

USA – General Mills, the American consumer goods company has launched a new range of Fiber One cereal variants made with real strawberries in the United States. Available in retailers nationwide, the Strawberries and Vanilla Clusters are made with steel cut oats, vanilla clusters and delicious, real strawberries, offering consumers a tasty variety which also…

South Africa’s Shoprite to appeal US$ 1.44m Competition Tribunal fine

SOUTH AFRICA – Shoprite, a leading food retailer in South Africa, has said that it will appeal against the US$ 1.44 million (R20m) fine handed to its ticket-selling subsidiary, Computicket, by the Competition Tribunal, reports Reuters. The Competition Tribunal, Competition Commission had earlier on said that it had referred a case against ticket distributors Computicket…

Ingredion unveils virtual lab and dairy expertise for EMEA region

USA – Ingredion Incorporated has introduced virtual lab, Inside Idea Labs in the EMEA (Europe, the Middle East and Africa), bringing its dairy applications and expertise in the region. Dairy manufacturers will be able to benefit from the company’s broad portfolio of solutions including ingredients, health and clean label and other dairy applications. The virtual…

Pladis appoints A Salman Amin new global chief executive officer

EUROPE – Pladis, the Turkey-based biscuit and chocolate manufacturer has appointed A Salman Amin, a former PepsiCo executive as its global CEO, effective February 2019. He succeeds Cem Karakas, who stepped down from his role in September last year allegedly due to ‘family health reasons’. Salman, who most recently was global chief operating officer for…

Flipkart receives US$201m capital funding from parent entity

INDIA – Flipkart India, the wholesale arm of the Walmart-owned eCommerce marketplace in India, has received US$201.27 million (Rs 1,431 crore) from its Singapore-based parent entity Flipkart Private Limited. The fund infusion by Flipkart comes as the company seeks to fight off the challenge from Amazon to keep its leadership of India’s growing $18 billion…