Coca-Cola’s interest in Horlicks comes a week after it acquired Costa Coffee for a value of US$5.1 billion. Singapore – Coca-Cola is preparing to make a bid for GlaxoSmithKline property Horlicks, for an estimated US$3.9 billion. Coca-Cola’s interest in the Indian malted milk drink business follows shortly after the company’s acquisition of[Read More…]
India
Roman Laguarta to replace Indira Nooyi as PepsiCo CEO
Nooyi, who has been with PepsiCo for 24 years and 12 years as CEO, will remain the chairman of the company until early 2019. According to PepsiCo Inc., Indra Nooyi will step down as the chief executive officer (CEO) of the company, effective 3 October. The board of directors has[Read More…]
PepsiCo India reduces sodium content in its crisps
PepsiCo plans to reduce sodium in 75 per cent of its food products by 2025. PepsiCo India has cut the amount of sodium included in its Lay’s crisps in order to promote healthier diet choices for consumers. The sodium content has dropped by 13-15 per cent. PepsiCo plans to reduce[Read More…]
Beverage companies go rural to push healthier drinks
Rural and semi-urban segments currently account for 60% of the juice market in India and have been growing faster than metros, according to data from US-headquartered PepsiCo, which sells Pepsi, 7UP and Mountain Dew. Singapore- Rural and semi-urban segments currently account for 60% of the juice market in India and[Read More…]
Chai Point raises $20M series C funding
Chai Point will use its funding to broadening its operations, especially its beverage vending machine vertical BoxC. Singapore- Organised tea firm Chai Point has raised $20 million in latest funding round led by private equity firm Paragon Partners. The series C round also saw participation from all its existing investors[Read More…]
Coca-Cola launches no-sugar variant of Thums Up
The launch comes after the company announced it plans to make Thums Up a $1 billion brand by the end of 2020. Coca-Cola India has launched a no-sugar variant of its Thums Up Charged cola as it aims to offer Indian consumers more no- and low- sugar beverage options. The[Read More…]
McDonald’s lags behind Domino’s in India as ordering biz booms
A pickup in the economy and growing demand from the planet’s largest youth population are boosting fast-food sales in India. Singapore – Even as McDonald’s tries to woo Indian stomachs with such menu items as the McAloo Tikki, a legal dispute with a key franchisee partner, Connaught has put it[Read More…]
India leads the packaged tea market in 2017, followed by China
While India is the leading market for retail volume sales globally, Turkey takes the lead when it comes to per capita consumption. According to a research by market intelligence agency Mintel, India was the world’s largest packaged tea market in 2017, consuming a total volume of 678,200 tonnes worth of packaged[Read More…]
Industry responds to Indian Union Budget 2018
The Union Budget 2017-18 is on expected lines and is focused on improving the quality of life in Rural India. “Bharat, or Rural India, has been the key focus of Finance Minister Mr. Arun Jaitley’s Union Budget for 2018-19. It presses all the right buttons and ticks all the right[Read More…]
Keventer Agro plans expansion in north east India
Plans are also afoot to diversify its product basket by having value-added offerings like curd and yoghurt. Kolkata-based Keventer Agro Ltd, a group outfit of the Rs. 1,800-crore Keventer Group, looks to expand its dairy business by entering the north-eastern markets and strengthening its footprint in West Bengal. Plans are[Read More…]
