If it’s true that QSR burger chains are holding down prices, they’re being smart. The NPD Group last month released data showing a decline in lunch traffic, especially at fast-casual concepts (where lunch is down 9% vs. a yea ago), due in part to consumer push-back on rising prices…READ MORE
KEEP READINGThai food giant Charoen Pokphand Foods has bought a majority stake in UK foodservice supplier Foodfellas. The deal, worth GBP12.3m (US$15.1m), has been struck through the company’s CP Foods UK arm. Charoen Pokphand Foods has acquired a 60% stake in Foodfellas, a business that imports and distributes food including meat, bread, potatoes and avocados to more than 160 customers in the UK…READ MORE
KEEP READINGFood and drink manufacturers could boost sales by targeting the £56.5bn foodservice market as more people eat outside the home, said Shore Capital’s head of research Clive Black…READ MORE
KEEP READINGUnilever, the parent of India’s largest consumer goods firm Hindustan Unilever (HUL), has for the first time acknowledged competition in the herbal segment in the country and said the company has been launching products in the “natural” space to fight it…READ MORE
KEEP READINGET Intelligence Group: Investors are eagerly waiting the IPO of Avenue Supermarts, which runs the most profitable supermarkets chain in the organised segment under the brand DMart. Not only is it the first IPO in the country’s retail sector since 2007, but its promoter Radhakishan Damani, is considered the guru of markets. The company has recently filed the draft red herring prospectus (DRHP) with markets regulator Sebi…READ MORE
KEEP READINGFood-delivery company Runnr has strengthened its top management with hires from companies including Facebook and Uber, as it looks to fight larger players Swiggy and Zomato Order in a highly competitive business. Runnr was formed following the merger of two high profile startups —RoadRunnr and TinyOwl…READ MORE
KEEP READINGDr Oetkar, the world’s biggest frozen pizza maker, is introducing Indians to the wonders of mayo, but can the category become bigger than ketchup, like it is in other parts of the world?…READ MORE
KEEP READINGWest Bengal government is set to claim geographical indication (GI) tag for their famous sweet dishes Sarpuria and Sarbhaja, which they say have originated in the Krishnanagar, an important cultural centre in Nadia district of the state…READ MORE
KEEP READINGNext time you are charged extra for a plate of sambar vada or a bottle of water during a train journey, don’t just complain, register it in the complaint book or call one of the helplines. Your complaint may help railway officials track down the erring contractor and take immediate action…READ MORE
KEEP READINGWhile the hotel industry has seen occupancy rates pick up over the past one year, a nominal growth in average room rates is leading to a struggle to get more competent revenue managers and building more robust systems in the sector. Average room rates is the key marker for gauging a hotel chain’s business growth and experts say the function is becoming more critical than ever with people increasingly booking online to get the most competitive rates…READ MORE
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