Food service, Retail, E-commerce
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Tata Consumer Products achieves full ownership of Smart Foods, announces ambitious expansion for Starbucks
INDIA – Tata Consumer Products has signed a definitive agreement to acquire 100 per cent equity shares of Tata SmartFoodz Limited (TSFL), from Tata Industries for a cash…
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Famous Brands posts strong performance despite tough operating environment
SOUTH AFRICA – South African restaurant franchisor, Famous Brands has reported a 50% revenue growth to R3 billion (US$198m) in the half year period ended…
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Zomato to invest US$1B over the next 2 years to accelerate growth of Indian startups
INDIA – Indian multinational food delivery company, Zomato has announced plans to invest US$1 billion over the next two years to accelerate the growth of…
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Shoprite doubles solar capacity, aims to power 25% of operations with renewable energy in five years
SOUTH AFRICA – Africa’s leading retailer, Shoprite Group has added 22 new solar PV (photovoltaic) sites between February and September 2021, more than doubling its…
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Egyptian 20-minute grocery delivery startup Rabbit closes record high US$11m pre-seed funding round
NORTH AFRICA – RabbitMart, an Egyptian inventory-led on-demand delivery venture that also goes as Rabbit, has raised US$11 million in pre-seed funding. San Francisco-based Global…