Food business
Zomato IPO: How do India’s food delivery players stack up against their global peers?
Seen as a watershed for India’s venture capital and start-up ecosystem, Zomato’s initial public offering (IPO) of 9,375 crore will be open for subscription on July 14 and is expected to generate an exceptional response. Zomato, which is present in 525 cities in India with an average of 6.8 million customers ordering food each month, …
Summary of food industry news for the week of July 5
KANSAS CITY, Mo. – Food industry leaders appear unprepared to protect their organizations from a growing wave of food safety claims – even though they are showing confidence in their own business standards, according to “Report on Food Processing Trends, Outlook and Directions”, published today by a national law firm Lathrop GPM. The survey interviewed …
Business of the Week: West Side Tasty Treat – A Taste of Manila
Pilot and review of Wausau Editor’s Note: Company of the week is a sponsored article that shares the stories of locally owned and operated businesses in the Wausau area, highlighting the products and services they offer and how they contribute to the unique flavor of the metropolitan area. Learn how to present your business by …
Barry Callebaut Achieves 100% Sustainability With Carma | 2021-07-07
ZURICH, SWITZERLAND – Barry Callebaut announced that Carma Chocolate is its first brand to produce chocolate with 100% sustainable ingredients. Carma goes beyond cocoa to seek out the most sustainable ingredients every step of the way. Every ingredient in Carma blankets – cocoa, dairy, sugar and vanilla – is sustainable. The brand seeks to balance …
Consumers Seek Greater Sustainability Benefits | 2021-07-06
BELOIT, WIS. – Consumers are demanding increased sustainability benchmarks from their food and drink, according to a new report from Kerry. The company surveyed more than 14,000 consumers in 18 countries and found that 49% of global consumers consider the attributes of sustainability when purchasing food and drink. Sustainability attributes were most important for dairy, …
What is a ghost kitchen? Food industry expert explains
Briam is a Greek vegetarian food. Credit: Christ-ophile / BY-NC-ND-2.0 While the phrase “ghost kitchen†may conjure up images of haunted houses, the reality is a bit more mundane. Through Jeffrey Miller, Colorado State University Ghost kitchens are food preparation operations with no servers, no dining room, and no parking – really, no public presence. …
Food and beverage giants sound the inflation alarm
St. Louis Federal Reserve Chairman James Bullard on the state of the economy and growing concerns about inflation. Major food and beverage producers are sounding the alarm bells for higher prices to come later this year. The warning deals yet another blow to consumers who are already grappling with the largest annual price increase in …
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Call on the military: the food group’s call to ease the lorry driver crisis in the UK
LONDON, July 2 (Reuters) – Premier Foods (PFD.L), one of Britain’s largest food companies, has called on the government to consider using the military to distribute goods to alleviate a severe shortage of drivers truck. Last week, industry executives warned Britain could face gaps in supermarket shelves this summer and an ‘unimaginable’ supply chain collapse …
Why Amazon bought Whole Foods.
The following article is a written adaptation of a episode from Thrilling Tales of Modern Capitalism, Slate’s podcast about business in the news and how they got there. In 2017, Amazon entered the grocery business by throwing Whole Foods into its shopping cart. Amazon spent more than $ 13 billion to buy this 40-year-old supermarket …
Muskegon scholarships will go to those convicted under old marijuana laws
MUSKEGON COUNTY, MI – After the town of Muskegon agreed to provide grants and loans to those convicted under Michigan’s old marijuana laws, Cory Roberts wasted no time in applying. Roberts, who is part of a group working to establish a new marijuana dispensary, grow operation and consumer parlor in Muskegon, has applied for a …
Napa Grocery Brings Fresh Concept and Fresh Food Experience to Valley – Business Journal Daily
CANFIELD, Ohio – Napa Grocery, the California-style grocery store that opened today, is a new concept for the Valley. The owners developed the idea on the basis of their extensive experience in the restaurant business, their knowledge of their favorite cuisine and their desire to adapt to changing consumer habits. Nunzio Scordo and Aaron Hynek …
Dreyer’s invests in ice cream factory in Indiana | 2021-06-23
FORT WAYNE, IND. – Dreyer’s Grand Ice Cream, Inc., a UK-based subsidiary of Froneri, has announced plans to invest $ 145 million to further expand its ice cream production facility in Fort Wayne. As part of its latest round of investment, Dreyer’s announced the addition of two new production lines for the company’s Drumstick products, …
Watch Now: Rising Cooking Oil Prices Boost Business Owners | Food and cooking
Tornado Truck cOwner Clint Brumleve explains how restaurants cope with the high cost of cooking oil. Jackson clay DECATUR – A deep fryer is one of the essential appliances in most restaurants. However, many owners find it increasingly worrying to use this important piece of equipment. Along with a shortage of workers and supplies, the …
Botak Jones founder Bernie explains why working in the restaurant business is an “addiction”
Bernie Utchenik with his signature Cajun chicken. (PHOTO: Bernie Utchenik) SINGAPORE – “It’s an addiction,†laughed Bernie Utchenik of the food and drink industry, “in the sense that it’s a ‘terrible’ jobâ€. “You work harder than anyone [who is not in the F&B industry] might even think. You’ve certainly put in some odd hours. You …
Infinitus Partners with Xinhuanet to Promote Standardized Operations in Health Food Industry
GUANGZHOU, China, June 19, 2021 / PRNewswire / – Enabled June 16, Chinese supplier of Infinitus herbal health products (China) Company Ltd. (Infinitus) and Xinhuanet co-hosted the 2021 Positive Energy Campaign for from China health food industry and 6.16 Infinitus Standardized Operations Awareness Day Event at ME CREATIVE (Xinhuanet Media Creation Center) in Beijing. This …
Serenity Kids Closes $ 7 Million Series A Funding | 2021-06-17
AUSTIN, TEXAS – Serenity Kids, a long-life baby and toddler food brand, has raised $ 7 million in Series A funding round led by CircleUp Growth Partners, with additional funding by Wild Ventures. Investors in the cycle also included the founders and executives of Thrive Market (Nick Green and Gunnar Lovelace), Whole30 (Melissa Urban), Spartan …