Vietnam: Masan plans to expand reach in beverages industry
According to Vietnam Breaking News, Masan Group, Vietnam’s largest private sector company, is planning for expansion in the beverage market in 2014. Masan Group is currently establishing Masan Consumer Holdings (MCH) to consolidate its stakes in Masan Consumer under one company while acquiring others. Masan Consumer recently acquired a 62% stake in the Vinh Hao […]
India: FMCG manufacturers left with dilemma after government bans suffixes on ayurvedic products
The health ministry in India has recently decided to ban ayurvedic medicines and other products unless they adhere to strict rules on their formulation, TMC reports. The new legislation will affect many popular products include the health supplement Chyawanprash and the bone treatment Rhumayog, and many manufacturers will be left with no choice but to […]
North America / Australasia: Nestle to sell diet brand Jenny Craig
Global food and drinks manufacturer Nestle is to sell its diet and weight management business Jenny Craig to US-based private equity group North Castle Partners. Jenny Craig supplies diet and fitness programmes that can be tailored to suit the consumer’s needs and has been part of the Nestle group since 2006. North Castle Partners is […]
Australia: Woolworths CFO to retire
Tom Pockket is to step down as Woolworths CFO in January 2014, Just Food reports. He is to be replaced by David Marr, currently general manager of corporate finance at the market-leading Australian grocery retailer. Pockket has spent 11 years in charge of finance at Woolworths. Chairman Ralph Waters stated: “It has been Tom’s wish […]
India: Burger King partners with Everstone to establish 500 locations
Burger King has formed a joint venture with private equity firm Everstone Capital to enter into the Indian market. The venture plans to invest $100 million to set up 500 outlets in the country over 7-10 years as a franchisee of Burger King. According to Elias Diaz Sese, president of Burger King Asia Pac Pte […]
China: Friesland Campina announces new research centre to improve dairy products
Friesland Campina has announced that it is to partner with China Agricultural University (CAU) and Wageningen UR (University and Research Centre) to establish a Sino-Dutch Dairy Development Centre (SDDDC) in China. The three partners envisage the SDDDC to become a research, knowledge and training institute with its own premises and research equipment, staffed by experts […]
New Zealand: Collapsible bottle could become closer to supermarket reality
A novel packaging solution could be making a further stride towards retail reality as it is put before a global investment fund, FoodBev reports. Eco-Clic, designed by Julian Tuesdale of New Zealand, features a collapsible system allowing consumers to squash the bottle and thus reduce its height before they dispose of it. According to Eco-Clic, […]
India: PespiCo follows Coca Cola’s lead with major investments
PespiCo has announced plans to increase production in India with funds going towards manufacturing and agriculture. This investment will see the expansion of the PepsiCo production line in India, where eight established brands (Pepsi, Lay’s, Kurkure, 7UP, Slice, Mirinda, Mountain Dew and Aquafina) are already generating 1000 crore rupees in annual sales, according to the […]