Author: admin

By Tanisha Saxena (cbedit@imaws.org) Tea is an emotion for us as Indians. Each one of us has a corner reserved in our heart for this beverage. We have been consuming tea since the second century B.C. Tea, originated in China. If we look around the most common thing is tapris around us which sell a cup of tea from 10 rupees to 50 rupees at max. While it’s difficult to accept that experiments can happen around the whole idea of having tea, in the recent past, a lot of people have experimented with tea and successfully carved out their niche.…

-KH News Desk (cbedit@imaws.org) According to sources from the Wall Street Journal and Reuters, QSR chain Subway is thinking about selling the brand. Private equity firms and possible corporate bidders are expected to become involved in the process, which is still in its early stages. The American fast food restaurant is reportedly worth $10 billion. “As a privately held company, we don’t comment on ownership structure and business plans,” a Subway spokesperson told Reuters in an emailed query. Subway has been owned by the two founding generations of the company since it opened in Milford, Connecticut, more than 50 years…

-KH News Desk (cbedit@imaws.org) Two locations of the well-known Korean HQ Pizza chain GOPIZZA have opened, one each in Telangana and Andhra Pradesh. By launching in Hyderabad and Anantapur, respectively, GOPIZZA has made a critical first step toward its ambitious expansion goals for the Indian market. By the end of 2023, GOPIZZA hopes to have established over 100 operating locations around the nation, growing from its existing 20 profitable locations. “We are thrilled to be bringing GOPIZZA to the vibrant cities of Hyderabad and Anantapur. Our commitment to using only the freshest ingredients and bringing our unique blend of flavors…

-KH News Desk (cbedit@imaws.org) IRCA, a world leader in chocolate, creams, and other premium semi-finished food ingredients, and Kerry Group plc have entered into exclusive discussions to purchase the business and assets of IRCA (“the Potential Sale”) for a sum of €500 million. The Potential Sale is subject to customary closing adjustments and pertinent regulatory clearances. Processes for employee consultation and information have started in the pertinent jurisdictions. With a wide range of technological skills, The Sweet Ingredients Portfolio is a top producer of sweet and cereal goods. It primarily serves the bakery, cereal, confectionery, dairy, and ice cream end…

-KH News Desk (cbedit@imaws.org) The food technology start-up Vgarden, Ltd. has expanded its selection of private label meat and dairy substitutes to include canned tuna without fish. According to the firm, the tuna, made from pea protein, was created to provide a vegan, sustainable alternative to the most popular fish in the world that is often canned. “Tinned tuna has a very distinct flaky, yet moist and chewy texture, with a powerful fresh-from-the sea aroma,” said Ilan Adut, chief executive officer of Vgarden. “Our new tuna-like product is clean label, scalable, affordable and sustainable. But for our plant-based creation to…

-KH News Desk (cbedit@imaws.org) Starry, a lemon-lime soda, is currently being rolled out by PepsiCo, Inc. The beverage, which will be available in regular and sugar-free forms, is targeted at Gen Z customers and will compete with Sprite from The Coca-Cola Co. “At PepsiCo, we are hyper focused on consumer-centric innovation, and we know there’s a strong demand for lemon lime flavored soda with the category continuing to accelerate,” said Greg Lyons, chief marketing officer at PepsiCo Beverages North America. “With one product dominating the category, consumers deserve another option … one that hits different. Starry is bright, optimistic and…

-KH News Desk (cbedit@imaws.org) In order to conduct student research projects on the plant-based consumer category in Singapore, Talkwalker, a leading provider of consumer intelligence and deep listening, has partnered with the National University of Singapore (NUS) Business School and alternative protein thinktank Good Food Institute Asia Pacific (GFI APAC). Undergraduate and graduate student groups participated in this classroom collaboration, which began in August 2022. The student groups used dashboards and consumer insights from the Talkwalker platform, as well as database research, surveys, focus groups, and consumer insights, to produce six reports and insights that GFI APAC will provide to…

-KH News Desk (cbedit@imaws.org) Burger King, a quick service restaurant, has appointed Patrick O’Toole as Chief Marketing Officer, effective February 6. In support of the brand’s existing Reclaim the Flame plan shared in 2022 and supported by more than 96% of Burger King Franchisees nationwide, O’Toole will be responsible for leading marketing initiatives to help increase traffic, accelerate sales growth, and amplify the fundamental advancements the brand is making to the Guest experience. “We are excited to welcome Pat to the Burger King leadership team and broader BK family. Pat joins us at a milestone moment for the brand, and…

-KH News Desk (cbedit@imaws.org) Sucafina, a renowned Farm to Roaster coffee company with Swiss roots, and ProfilePrint, an AI-driven predictive and prescriptive food ingredient profiler with Singaporean roots, have jointly invested in Csmart, a Brazilian company that creates AI-powered image recognition technologies for grading green coffee. “We feel confident that Csmart’s proven image recognition technology will bring shared value to producers, importers, and QC professionals alike. This is not about replacing people but empowering QC professionals to become even more productive,” says Dave Behrends, Managing Partner & Head of Trading at Sucafina. Csmart is an artificial intelligence (AI)-powered picture identification…

-KH News Desk (cbedit@imaws.org) Hyderabad: On Tuesday, Indusfood, South Asia’s largest integrated F&B (Food and Beverage) trade event, came to an end. Telangana hosted the four-day F&B trade fair for the first time. Over 550 Indian exhibitors interacted with over 1200 top-tier buyers from over 80 countries at the largest integrated F&B trade exhibition. The Trade Promotion Council of India (TPCI) ran it from January 8 to January 10 at Hitex in Hyderabad. With numerous F&B start-ups, knowledge-driven collaboration, and sustainability, Indusfood 2023 redefines India’s F&B economy through an integrated F&B trade event. One billion dollars’ worth of export business…