McDonald’s Corp is set to agree a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia’s Reza group for up to $400 million, as part of a re-jig of its Asian business, people familiar with the matter said…READ MORE
KEEP READINGFood processing minister Harsimrat Kaur Badal, who will visit France next week, met industry representatives on Thursday to discuss ways to increase foreign direct investment and address issues creating roadblocks in the sector…READ MORE
KEEP READINGHaldiram’s, a major manufacturer of Indian sweets and snacks, has been allotted 55 acres of land by the Greater Noida Industrial Development Authority to set up a ‘food park’ in Greater Noida. The Rs 350-crore manufacturing unit is expected to come up in three years. The company has two other units in Noida…READ MORE
KEEP READINGPassengers on India’s vast railway network have long complained of the terrible meals on offer to sustain them on long journeys, but a slew of new services bringing fast food to their seats is changing the way they dine. From Kentucky Fried Chicken to Domino’s pizza and a host of local delicacies, today’s train passengers have access to a vast array of hot dishes, all at the click of a smartphone app…READ MORE
KEEP READINGWith festive season at its peak and Diwali round the corner, the Food and Drugs Administration (FDA) is on its toes to make sure that city residents don’t fall prey to adulterated sweets and other food items during the season…READ MORE
KEEP READINGRahul Shinde, managing director at KFC India, attributes the fast food chain’s turnaround after eight quarters of slump largely to a revival of its business strategy over the last 12-15 months when it shut 30 stores, tweaked its menu to bring focus back on chicken, and consolidated operations with the help of its partners…READ MORE
KEEP READINGFoodtech startups are finding out that there is more business within eateries than in providing delivery outside. Companies such as Voolsy , Petpooja, Jolly Food Fellow and IdeaChakki are focusing on engaging customers with the restaurants and increasing their efficacy…READ MORE
KEEP READINGYum Brands Inc, owner of Pizza Hut, KFC and Taco Bell, said it expects to return as much as $13.5 billion to shareholders by 2019 after the separation of its China unit…READ MORE
KEEP READINGWhen The Oberoi Grand in Kolkata opens a new restaurant, 363, next month hoping to set a new benchmark in fine dining in the city, it will be led by an expatriate Japanese chef…READ MORE
KEEP READINGYum Brands Inc said it can triple the number of restaurants in its China division, which is being spun off after a string of sales setbacks that have raised the risk profile of the company’s top profit generator…READ MORE
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