Retail Food Sector

ITC starts Rs 450 cr food manufacturing, logistics facility in Telangana

Telangana Minister for IT and Industries K T Rama Rao on Monday inaugurated FMCG major ITC's Rs 450 crore state-of-the-art Integrated Food Manufacturing and Logistics Facility at Medak. The inauguration was done in the presence of Sanjiv Puri, Chairman and Managing Director, ITC Ltd, a press release form ITC said. Spread over nearly 59 acres of land, the food processing facility with a built up area of 6.5 lakh sq ft entails an initial investment outlay of Rs 450 crore which will create large scale livelihoods across sustainable agri-value chains. The future-ready facility, equipped with end-to-end digital infrastructure, will be producing ITC's world-class foods brands including Aashirvaad atta, Sunfeast biscuits, Bingo! chips and Yippee! Noodles among others, in phases, it said. Commenting on the launch of the facility, Sanjiv Puri said, "ITC has been strengthening its footprint in Telangana across all three sectors - agriculture, manufacturing and services. Encouraged by the ..

Tiger Global-backed Wow! Momo elevates CMO Muralikrishnan to co-founder

He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO

Pret A Manger partnership marks Reliance Brands' foray into F&B sector

RBL will open the food chain across the country starting with major cities and travel hubs

Plenty of gaps in food inflation control measures, complain industry bodies

They say some measures have spawned malpractices on the part of exporters, others have been partial to a certain section of traders

Food processing potential

Higher scale will have multiple benefits

Starbucks CEO Johnson to retire; founder Schultz to be interim chief

Starbucks President and CEO Kevin Johnson said Wednesday he will retire next month, and former CEO and company founder Howard Schultz will replace him on an interim basis.

CG Foods to acquire Gallina Blanca's Russia and CIS businesses

CG Foods, maker of popular noodles Wai Wai, on Tuesday said it has signed a deal to acquire the Russia and CIS businesses of Spain-based GBfoods. The financial details of the transaction were not disclosed. A binding agreement has been signed with GBfoods, said a statement from CG Foods, part of the Nepal-based CG Corp. "GBfoods' business in Russia/CIS, under Gallina Blanca brand, is expected to change its ownership from GBfoods to CG Foods, owned by CG Corp Global, within the coming weeks," the company said. The acquisition will help CG Foods to grow its foothold in Europe and Commonwealth of Independent States (CIS) regions as well as diversify into culinary products and pastas. "CG Foods will also leverage the existing distribution strength of GBfoods in Russia & CIS to grow its globally renowned noodle brand WAI WAI," it said. GBfoods has a presence in Western Europe, along with Russia and CIS, Baltics and around 30 countries in Africa. CG Corp Global Chairman Binod K ...

Strongly believe in India story, will continue physical expansion: KFC

US-based fast food chain KFC will continue to expand its restaurant network in India despite the coronavirus pandemic bringing structural changes in the business, believing the country to be a growth market in the coming years, according to a top company official. KFC India, which opened around 30 new restaurants last year during the peak of the COVID-19-induced disruptions, is looking at adding new outlets this year too as it looks to enhance access of the brand to its consumers. "Our intent is definitely to keep growing the brand. One of our biggest strategic pillars is what we call as access. We have to ensure that access to the brand continues to grow for the consumers, both physical and digital," KFC India Managing Director Samir Menon told PTI. Despite the COVID-19 disruptions, he said, "We actually have more restaurants now than we had in pre-COVID. During the course of the year, our franchisees have opened new restaurants. So we actually are a bigger business now than we wer

Food chains, multiplexes plan expansion as consumer confidence picks up

Organised players have been the biggest beneficiaries after the lockdowns were lifted

Piece of cake: Pandemic sweetens cake sub-segment, attracts bigwigs

Major food segment players have entered the niche category recently

Kamath panel has little impact on retail, media, food services: Experts

30-50% firms don't meet criteria; Analysts say large firms in these segments don't need loan recast due to the efficient manner in which many of them operate

FSSAI's 'Eat Right India' movement wins 'Food System Vision Prize'

The Food Safety and Standards Authority of India (FSSAI) on Sunday said it has been awarded the 'Food System Vision Prize' for its 'Eat Right India' movement's vision, along with nine other finalists.

Ending monopoly of mandis is good, but process could be problematic

Ending the monopoly of the mandis is a good thing, but early experiences show that the process can be problematic

Statspeak: Retail food service sector value expected to touch Rs 5 trn

Performance of food service industry is set to accelerate, with an expected CAGR of 10% for the five-year period between 2017 and 2022