Italy’s Ferrero is closing in on a $2.8-billion deal for Nestle’s US confectionary business. Nestlé has been exploring its strategic options for its US chocolate business since June Ferrero, above all known for
A meeting was held by the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution, government of India, with the Indian Sugar Mills Association (ISMA) and the National Federation of
Bengaluru’s street food restaurant chain, Yumlok, which currently operates a cloud kitchen and three outlets, has earmarked an aggressive growth trajectory for the year 2018 and plans to set up 50 outlets by 2020. It
French luxury group LVMH has shown interest to Baba Ramdev’s Patanjali Ayurved Ltd. According to the statement given by Ravi Thakran, managing partner, L Catterton Asia, "We would love to work with him if we
Danone, the French multinational food-products firm have decided to shut down its dairy business in India. The company is also closing down operations at its Rai plant in Haryana that it had set up
Starbucks, which launched the Teavana range (comprising 18 new tea offerings) in India last year, unveiled a host of new products under it. These include Starbucks Teavana Hathikuli Tea, Starbucks Teavana Frozen Teas. Starbucks Teavana
The Food Safety and Standards Authority of India (FSSAI), the country’s apex food regulator, has issued draft notifications prescribing revised comprehensive standards intended to address the issues of quality and purity of such products as
Philadelphia-based AgroFresh Solutions has invested US$10 million to acquire a 15% ownership of U.K.-headquartered Food Freshness Technology Holdings Limited (FFT), providers of It’s Fresh! ethylene removal filters. In an announcement, AgroFresh highlighted the proprietary active ingredient
After making India its global hub for Lotte Choco Pie, South Korean company Lotte Confectionery Co Ltd said it would hope India to contribute 5% to its global revenues from current 2% by the end
India attracted $ 6492.19 million foreign direct investment (FDI) in the food processing sector during 2010-11 to 2016-17, Parliament was informed today. According to the data shared by Minister of State for Food Processing