Uber to acquire Postmates for $2.6B to expand food delivery business
Uber Technologies Inc. is reportedly intending to purchase Postmates Inc., a food-delivery service provider, following its failed bid to acquire the publicly traded company, Grubhub Inc. The San Fr....
Wendys and Pizza Hut franchisee NPC international declares bankruptcy
Pizza Hut’s largest franchisee in the U.S., NPC International, has recently filed for bankruptcy after suffering huge losses due to coronavirus-related shutdowns. These lockdowns have added massive ....
Mondelez India to enter into the packed-cake segment with Chocobakes
With at-home consumption becoming the new normal during the ongoing COVID-19 pandemic, Mondelez India, the maker of India’s favorite Cadbury chocolates, is ramping up its product portfolio by enteri....
Japan finally embraces online grocery shopping amidst pandemic
As the COVID-19 pandemic continues to wreak havoc across the world, online delivery companies have been witnessing overwhelming response from shoppers. Recently, Japan’s online delivery landscape go....
Starbucks discontinues social media advertising, targets hate speech
Seattle-based Starbucks Corporation has reportedly announced the discontinuation of its social media advertising campaign in an effort to discover ways to stop the spread of hate speech in line with a....
Starbucks to offer Impossible Foods plant-based Breakfast Sandwich
After having enjoyed exceptional popularity for its plant-based products, Impossible Foods Inc. is reportedly rolling its breakfast sandwich through Starbucks across the United States. Sources cite....
Retailers issue urgent product recalls as a safety measure, says FSA
Supermarkets including Sainsbury’s Asda, Tesco, and Aldi have reportedly issued urgent recalls for various food items owing to increased concerns of health and food safety. Retailers have decided to....
ITC to accelerate farm produce procurement due to agricultural reforms
ITC Limited, an Indian multinational conglomerate company, is reportedly set to accelerate the direct farm produce procurement due to the agricultural reforms announced recently. The company is also p....
VGF announces issuance of IPO to become global food technology leader
The Very Good Food (VGF) Company Inc., a Canada-based plant-based meat company, has reportedly announced that it has successfully completed its IPO (Initial Public Offering). The Canadian brand has....