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-KH News Desk(cbedit@imaws.org) Kellogg is set to unveil a new look for its two businesses as it carries out an initiative aimed at boosting its valuation for investors. The cereal and snacks giant has announced that its two businesses will be named Kellanova and WK Kellogg Co after a planned breakup later this year. Kellanova will house popular snack brands like Pringles, Cheez-It, and Pop-Tarts as well as the company’s plant-based food business Morningstar. The new business, to be run by CEO Steve Cahillane, is expected to trade under Kellogg’s current stock ticker symbol “K” on the New York Stock…
-KH News Desk(cbedit@imaws.org) Bisleri International’s Chairman, Ramesh Chauhan, has announced that his daughter, Jayanti Chauhan, will head the bottled water company following the withdrawal of Tata Consumer Products Ltd (TCPL) from the acquisition process. Ramesh Chauhan has confirmed that he has no plans to sell his packaged water business and is not in talks with any parties regarding a sale. He also stated that his daughter will now lead the company with the professional team headed by CEO Angelo George. Jayanti Chauhan is currently the vice-chairperson at Bisleri and has been involved with the business for several years. She has…
-KH News Desk (cbedit@imaws.org) Ajman, the smallest of the seven emirates of the UAE, is set to host its first-ever food festival at Ajman Marina on 9th March 2023. The four-day event is expected to attract foodies from across the emirates and beyond. The festival will feature 38 exhibitors from some of the most famous restaurants and cafes, showcasing a wide variety of cuisines ranging from traditional Emirati dishes to international delicacies. Visitors can also participate in various cooking workshops and live demonstrations by renowned chefs. The event promises to be an exciting affair for food enthusiasts, as they can…
-KH News Desk (cbedit@imaws.org) India’s commissary cloud kitchens have been touted as the future of the food industry, promising low overhead costs and high-profit margins. However, recent reports suggest that many of these kitchens are failing to live up to their potential. So, why are India’s commissary cloud kitchens struggling? One of the primary reasons is oversaturation. With so many cloud kitchens popping up in every corner of the country, competition has become fierce. Many kitchens are offering similar menus, making it difficult for consumers to choose one over the other. Additionally, the rise of food delivery apps has led…
-KH News Desk (cbedit@imaws.org) Kerala has been home to a growing number of eco-entrepreneurs who use available resources to produce sustainable solutions for global waste management. One of them is Ardra Nair who developed a unique process that uses coir waste from the industry to produce eco-packaging for food, pharmaceuticals, and cosmetics. Through her journey at BIRAC social innovation fellowship, she gained knowledge of sustainable solutions for waste management. She used her research to create a process that involves grinding coir waste to the required size and compounding it using a machine to produce granules. These granules are then molded…
-KH News Desk (cbedit@imaws.org) The Australian company Fable Food Co., which creates meat substitutes based on mushrooms, has raised $8.5 million in Series A funding to enhance product development and quicken its entry into the US and UK markets. A fine dining chef, a chemical engineer, a mycologist, an organic mushroom farmer, and a vegan entrepreneur formed Fable Food. In Australia, New Zealand, the United States, Canada, the United Kingdom, and Singapore, restaurants and meal delivery services may offer the startup’s meat alternatives produced with shiitake mushrooms, coconut oil, and soy protein on their menus. In addition to former Yum!…
-KH News Desk (cbedit@imaws.org) The award-winning cuisine of Narisawa, a two-Michelin-star Japanese restaurant in Tokyo, will be served in Singapore from March 24 to April 30. The five-week residence is a component of the Mandala Masters programme, which also features culinary residencies with well-known chefs like Mauro Colagreco, Gaggan Anand, and most recently, chef pair Virgilio Martnez and Pia Léon. Narisawa is known for its distinctive “Satoyama” cuisine, in which he uses the freshest seasonal ingredients to honour the traditional food culture of Satoyama. It is the only restaurant in Asia to have received this honour for the last 15…
-KH News Desk (cbedit@imaws.org) With his samosas, Samosa Singh strives to take Indian SnacKing global. Following a successful launch and entry into physical locations (QSR), Samosa Singh is now preparing to take their samosas global. The core manufacturing plant is expanding in order to keep up with the high demand for products around the world. This manufacturing plant will be cutting-edge, with automation, best-in-class industry practises, and certifications. The company has partnered strategically with a D2C behemoth to penetrate the overseas market, where samosas and Indian munchies are popular. “From a working couple to entrepreneurs- from a single outlet to…
-KH News Desk (cbedit@imaws.org) Carlsberg South Asia Pte Ltd (CSAPL), the Indian and Nepalese holding company in which Khetan Group is a partner, has received a formal notification from Khetan Group that it intends to sell its whole 33% ownership interest to the Danish brewer for US$744 million (Rs 6100 crore). Carlsberg stated the following in its 2022 full-year worldwide financial statement: “The put option valuation process related to our partner’s 33% holding in the Indian and Nepalese holding company Carlsberg South Asia Pte Ltd (CSAPL) has been concluded. “The partner has issued a formal put notice to sell his…
-KH News Desk (cbedit@imaws.org) BCS Globals, a food and beverage company based in the UAE, introduced WOX and has ambitions to roll out a variety of products. WOX is a new energy drink brand that has gained a solid following in more than 10 nations around the world. “We are entering into the market with an aggressive expansion plan in place. With our unique product range, we expect to expand the consumption growth of Energy Drink products across nooks and corners of the country.” said Sheeba Chaudhary, Chief Market Officer, WOX Energy Drink. The company unveiled a range of premium…