Bharat Kedia, CFO, Parag Milk Foods says, “we have extended credit period to our distributors so that they are able to extend it to the retailers because retailers are the one who are facing the largest brunt of it.” Edited excerpts…READ MORE
KEEP READINGEven as food-tech start-ups such as Localbanya, PepperTap, Eatlo and TinyOwl fell by the way side in 2015-16, cloud kitchen company Twigly entered the market in August 2015…READ MORE
KEEP READINGRestaurants find measureable success in making options more straightforward…READ MORE
KEEP READINGThat the topic of commercial kitchen renovations seems to keep coming up organically in our editorial coverage these days should not come as a surprise. In a mature a mature and competitive industry such as restaurants, operators find themselves needing to renovate a kitchen for a variety of reasons. These reasons range from the desire to refresh an existing concept to introducing a new concept and service style to an existing location and countless other reasons in between…READ MORE
KEEP READINGQuick Service restaurant chain McDonald’s has started to aggressively push its new coffee-house- style food and drink chain — McCafe, with a target of doubling the number from 95, within the next 12 to 15 months…READ MORE
KEEP READINGItalian chocolate maker Ferrero which entered India 10 years ago is now bigger than Nestle’s chocolate division in India with annual sales exceeding Rs 1,500 crore. Roberto Grasso, managing director at Ferrero India, the maker of Nutella spread, Ferrero Rocher chocolate and Tic Tac breath mints spoke about the importance of the Indian market and the company’s proposed investment in the country…READ MORE
KEEP READINGChai Thela, a hybrid format of street food outlets and organised sector’s quick-service restaurant, has raised `1.5 crore from micro-venture capital firm Quarizon in its pre-Series-A round…READ MORE
KEEP READINGThe Uphaar cooperative stores have been popular among the masses in both urban and rural areas as people prefer buying groceries and other daily items…READ MORE
KEEP READINGWalmart, Target and Best Buy – and, unsurprisingly, Amazon.com – were early winners as shoppers kicked off the holiday shopping season by splurging on electronics such as ultra-HD TVs and gaming consoles including Sony’s PlayStation 4, analysts said….READ MORE
KEEP READINGRent is your largest fixed expense. Food costs are variable. If your food costs are too high, you can make menu adjustments, portion size adjustments or, as a last resort, change your chef or cook to better manage your food costs. Some high-end restaurants offer financial incentives to their chefs to maintain low food costs…READ MORE
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