As per the Food Service and Restaurant Business Report 2022–23, published by Francorp and restaurantindia.in, India’s food service market is expected to reach USD 79.65…
View More India’s food service market expected to reach USD 79.65 bn by 2028Category: Corporate
Parle surpasses $2 billion in sales during FY22
In FY22, Parle Products surpassed $2 billion in annual revenues and became the first packaged food company in India to breach the mark. Founded in…
View More Parle surpasses $2 billion in sales during FY22Sunpure launches an e-commerce route and promises to deliver within three hours of the online purchase
Sunpure, one of the famous South Indian edible oil brands, is launching an e-commerce path for its customers. Currently, the brand offers home delivery services…
View More Sunpure launches an e-commerce route and promises to deliver within three hours of the online purchaseLicious anticipates Rs. 1,500 crore revenue in 12 months
According to Vivek Gupta, the co-founder of meat and meat products online platform Licious, they anticipate its revenue to cross the Rs. 1,500 crore mark…
View More Licious anticipates Rs. 1,500 crore revenue in 12 monthsCapital Foods up for sale; global and local in chase for purchase
This may be one of the largest buyouts of a homegrown consumer brand as the three major shareholders of Capital Foods Pvt Ltd, the makers…
View More Capital Foods up for sale; global and local in chase for purchaseSaudi Arabia’s SALIC buys a 9.2% stake in LT
Saudi Agricultural and Livestock Investment Company (SALIC) has acquired a 9.22 percent stake in packaged foods and staples company LT Foods. Also, SALIC, a wholly-owned…
View More Saudi Arabia’s SALIC buys a 9.2% stake in LTReliance to buy METRO Cash & Carry, India, in a Rs. 4,060 crore deal
Reliance Industries is going to purchase German retailer METRO AG’s Cash & Carry business in India in a deal valued at around 500 million euros…
View More Reliance to buy METRO Cash & Carry, India, in a Rs. 4,060 crore dealA single window for licenses brings respite to the Indian restaurant business
The Indian restaurant industry has been making incessant efforts for years to get some relaxation in licensing norms, which they have at last gotten. Alongside,…
View More A single window for licenses brings respite to the Indian restaurant businessCremica Foods strategizes to invest Rs. 50–100 crores to expand capacities
Cremica Foods, a well-known liquid condiment manufacturer that supplies to some leading fast-food chains, like McDonald’s, Pizza Hut, Domino’s, and Subway, is going to invest…
View More Cremica Foods strategizes to invest Rs. 50–100 crores to expand capacitiesKellogg provides full-year sales forecast on boost from higher prices
Kellogg Co raised its full-year sales and profit forecasts staking that demand for its cereals and snacks will hold strong even after multiple rounds of…
View More Kellogg provides full-year sales forecast on boost from higher prices