Food & Beverage
PepsiCo Inc. is going to the Web to launch its newest soft drink, a mid-calorie soda called Pepsi True. The soda will be sold exclusively through Amazon.com Inc. The product, slated for release in mid-October, will be made with sugar and stevia, a natural sweetener.
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Kishore Biyani, pioneer of organised retail in the country, has put in place a plan to help him emerge a key producer and marketer of packaged foods and beverages. Talking to Business Standard, the 53-year-old chief executive officer of the Rs 18,343-crore (USD2.9 billion) Future Group said he was targeting a turnover of Rs 20,000 crore (USD3.2 billion) from his food & beverage (F&B) business by 2020.
The Hershey Company announced Friday that it has completed the initial acquisition of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China.
The company said SGM will complement its existing portfolio in the region and expand its presence in China’s sugar confectionery and snacking markets. SGM, on the other hand, is expected to benefit from Hershey’s global brands, scale and marketing expertise.
Dunkin' Donuts across Malaysia will offer guests a free small hot or iced coffee with any half dozen donut purchase during the brand's Global Coffee Day celebration on 29 September.
"National Coffee Day has always been one of our favorite days in the US, which is why we are so excited to be celebrating our first Global Coffee Day at our restaurants worldwide," said John Costello, President, Global Marketing and Innovation, Dunkin' Brands.
Italian fine chocolatier Venchi has opened its flagship store at the Pottinger, Stanley Street, Hong Kong.
Founded in 1878 in Piedmont, Venchi continues its tradition of making chocolates and gelato with the same craftsmanship and recipes for 130 years.
In line with its mission to make "chocolates for everyone", it has created a special line of 'no added sugar' chocolates ideal for people who suffer from glycemic disorders or those on a hypocaloric diet.
Robinsons Retail Holdings Inc. is bringing in global coffee brand Costa Coffee to the country by next year. In a disclosure to the local bourse, Robinsons Retail said its wholly-owned subsidiary, Robinsons Gourmet Food and Beverage Inc., has inked an international distribution agreement for the supply of Costa Coffee beans and operations of Costa Coffee shops in the Philippines.
The first Costa Coffee shop in the country is scheduled to open by next year, the multi-format retail chain of the Gokongwei family said.
American restaurants chain, McDonald’s plans to increase its presence in smaller towns and non-metro cities in India. Hardcastle Restaurants Pvt. Ltd (HRPL), the master franchise for the Western and Southern operations of McDonald's in India, plans to invest around Rs 750 crore (USD123.1 million) over the next 4-5 years for expanding restaurant network in India.
Beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI) is set to venture into the snack food business in the Philippines.
In a disclosure to the local bourse, PCPPI said its board has approved plans to invest for the manufacture, sale and distribution of snack food in the country.
PCPPI’s entry in the snack food business is expected to challenge existing players, including market leader Universal Robina Corp. of the Gokongwei Group.
McDonald's Holdings Co (Japan) said sales fell by a quarter in August, the steepest year-on-year drop since the company became public in 2001, after a food safety scare kept customers away.
McDonald's Corp holds a 49.9 percent stake in Japan's largest restaurant chain. In July, a Chinese TV report alleged that a supplier to fast food chains including McDonald's and rival Yum Brands Inc had improperly handled meat and used expired food.
Thousands of packs of food made in Taiwan have been removed from Shanghai stores because of links to the island’s tainted oil scandal, the city’s food and drug administration said on Tuesday.