Nestlé SA is undertaking a strategic overhaul to address underperformance and adapt to challenging macroeconomic conditions, company executives revealed during the Nov. 19 investor day…
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Category: Corporate
Teff: The Rising Superfood Poised to Redefine Global Nutrition
A tiny grain with a massive nutritional punch, Teff, is gaining global recognition as a sustainable superfood. Native to Ethiopia and Eritrea, Teff’s popularity is…
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Subway to Double Its Store Count in India, Says Global CEO
Over the next 5–6 years, Subway plans to significantly expand its presence in India by doubling its store count from 850 to 1,700. John Chidsey,…
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Bikaji Foods International Extends Investment Timeline for US Subsidiary
Bikaji Foods International Limited has announced an extension to its investment timeline for its wholly-owned US subsidiary, Bikaji Foods International USA Corp. The company will…
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GNT Earns Gold Eco Vadis Medal for Sustainability Leadership
GNT, the supplier of plant-based Exberry food colors, has achieved its first EcoVadis gold medal for its environmental and ethical efforts, placing it among the…
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Nestlé Announces $2.8B Cost-Cutting Plan, Spins Off Water Business
Nestlé, the global packaged goods giant, has unveiled plans to cut $2.8 billion in costs by 2027, redirecting the savings to bolster its core operations.…
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Ranveer Singh Acquires 50% Stake in Packaged Foods Start-up Elite Mindset
Actor Ranveer Singh has taken a significant leap into the health-focused packaged foods industry by acquiring a 50% stake in Elite Mindset, a venture backed…
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Danone Raises Bid for Kefir Maker Lifeway Foods to $307 Million
Dairy giant Danone has increased its offer to acquire the remaining shares of kefir producer Lifeway Foods, proposing $307 million, or $27 per share. The…
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Quick Commerce to Capture 21% of Kirana Sales by 2024, Market to Hit $40 Billion by 2030
India’s quick commerce sector is reshaping the retail landscape, with a market valuation projected to leap from $6.1 billion in 2024 to $40 billion by…
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Agro Tech Foods Acquires Del Monte Foods India in a Rs. 1,300 crore Deal
Samara Capital and Convergent Finance-backed Agro Tech Foods Limited (ATFL) announced the complete acquisition of Del Monte Foods Private Limited (DMFPL), a joint venture of…
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