WORLD NEWS
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Al Rawabi to invests US$177m in new Abu Dhabi dairy facility to meet growing consumer demand
UAE – Al Rawabi, a leading dairy and juice company in UAE, plans to establish a US$177 million dairy production facility in Abu Dhabi’s Khalifa Industrial…
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Zomato advances q-commerce ambition with US$100m investment in Blinkit
INDIA – Indian multinational restaurant aggregator and food delivery company Zomato is furthering its q-commerce ambitions by investing US$100 million in Blinkit, one of the…
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Diageo invests in Indian craft gin maker Nao Spirits, to build US$191m distillery in Canada
INDIA – Diageo has invested US$4.1 million in Indian craft gin maker Nao Spirits as part of efforts to strengthen its participation in the fast-growing…
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American fast-food chain McDonald’s to set up virtual restaurants in the metaverse
USA – McDonald’s, the world’s largest fast-food restaurant chain, has applied for trademarks for virtual restaurants in the metaverse in preparation for a possible launch…
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Campbell Soup sales drop in Q2 amid significant labour and supply constraints
USA – Labour and supply chain constraints impacted Campbell Soup’s second-quarter performance leading to the American processed food and snack company to results that were…