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Pizza Hut Australia launches loaded garlic bread with customizable toppings

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Pizza Hut
Pizza Hut

Pizza Hut Australia has introduced a fresh addition to its menu: an enticing new selection of loaded garlic bread options.

This latest option enables patrons to customize their garlic bread with an array of pizza toppings such as pepperoni, buffalo chicken, barbecue meatlovers, and veggie paneer.

Pricing: Range and Value

The loaded garlic bread choices range in price from A$6.95 to A$8.95.

For an extra A$2.50 ($1.6), customers can pair them with other items on the menu, providing flexibility and value.

Continue Exploring: Pizza Hut names Kalen Thornton as global chief brand officer

The revamped selection is now accessible at all Pizza Hut outlets across Australia.

Garlic bread stands as the brand’s most sought-after item, with orders placed every minute during the chain’s typical operating hours.

Wendy Leung, Pizza Hut Australia’s Chief Marketing Officer, expressed, “Our aim with the new loaded garlic bread range is to elevate our value proposition to an entirely new level.”

“Just like with all our menu items, we are dedicated to delivering the highest quality products and can’t wait to share our new creations with Australia.”

“We are aware that the current cost of living crisis is severely affecting the people, and we hope that in some small way, our latest range, which starts at just $6.95 pick up, will help ease the pressure.”

The US-based restaurant franchise operator Flynn Restaurant Group (FRG) acquired a share in Pizza Hut Australia from Australian private equity firm Allegro Funds in June 2023.

Continue Exploring: Pizza Hut makes bold entry into burger business with new ‘Cheeseburger Melt’

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Wendy’s introduces new chicken nugget option to menu across the US!

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Wendy’s Saucy Nuggs
Wendy’s Saucy Nuggs

Wendy’s, the American fast-food restaurant chain, has broadened its menu with the addition of Wendy’s Saucy Nuggs, a fresh chicken nugget option.

Starting June 10, 2024, the new menu item will be available at all Wendy’s locations across the US, both for dine-in and drive-through service.

For those seeking early access, Saucy Nuggs will be available as an exclusive, digital-only menu item from June 3 to June 9 at participating locations.

Continue Exploring: Delight Restaurant Group acquires 65 Wendy’s outlets across US

Wendy’s is offering free in-app delivery for that week, though this offer does not apply to third-party delivery platforms.

Saucy Nuggs Flavors and Serving Sizes

Saucy Nuggs are coated in sauce to create seven distinct flavors and are served with a choice of Blue Cheese or Ranch dipping sauce.

Offered in four, six, ten, or twenty-piece servings, the seven flavor options include Spicy Honey BBQ, Spicy Buffalo, Spicy Garlic Parm, Honey BBQ, Buffalo, Garlic Parm, and the intensely spicy Ghost Pepper.

The Buffalo sauce boasts buttery undertones with a touch of vinegar, whereas the Honey BBQ sauce blends a smoky flavor with honey.

The traditional Garlic Parm flavor offers a savory harmony of garlic and Parmesan.

The Spicy Ghost Pepper variety presents an “intensely spicy” flavor profile.

Spicy Honey BBQ and Spicy Buffalo sauces provide a fusion of sweetness and spice, along with a tang of vinegar, while Spicy Garlic Parm sauce is a modern twist on a classic, infused with four varieties of roasted garlic.

John Li, Vice President of Global Culinary Innovation at Wendy’s Company, stated, “We meticulously designed four distinct sauces to enhance the Wendy’s nugget experience and offer fans a range of chicken options tailored to their tastes and lifestyles.”

Continue Exploring: Wendy’s appoints former PepsiCo executive Kirk Tanner as new CEO

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Good Glamm Group appoints former Becca Cosmetics CEO Lauren Bloomer to lead international operations

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Lauren Bloomer
Lauren Bloomer

Good Glamm Group, a content-to-commerce platform, has named former Becca Cosmetics CEO Lauren Bloomer as the president of its international division.

In her new role, Bloomer will spearhead the international growth and expansion of the Good Glamm Group.

Good Glamm Group stated that Bloomer has additionally been appointed as the startup’s representative on the board of “Wyn Beauty by Serena Williams.”

It’s worth mentioning that in April, the Good Glamm Group formed a joint venture (JV) with Serena Williams, the former tennis player turned entrepreneur, to introduce her beauty brand in the US.

Continue Exploring: Good Glamm Group joins forces with Tennis star Serena Williams to launch ‘Wyn Beauty’ in the US

“Joining the Good Glamm Group excites me. I’m excited to work with this amazing team to further our mission and establish Good Glamm as a leading international beauty brand because we both have a passion for innovation and quality,” Bloomer said.

Commenting on the appointment, Good Glamm Group’s founder, Darpan Sanghvi, said, “Following the successful launch of our international business, we are thrilled to welcome Lauren to the Good Glamm Group to drive our next phase of growth. Lauren’s strong leadership and strategic acumen will be extremely beneficial to us as we grow and innovate in the cosmetics industry.”

An alumna of Wharton Business School and Dartmouth College, Bloomer brings over two decades of experience to her new role. Before serving as the CEO of Becca Cosmetics, she worked with Estee Lauder, The Clorox Company, and the Boston Consulting Group.

Recent Developments at Good Glamm Group

This comes at a time when the company is experiencing notable developments. In April, the CEO of the platform’s D2C vertical, The Good Brands Co, Sukhleen Aneja, bid adieu to the company.

Before that, reports emerged indicating that the startup had downsized its workforce by approximately 150 employees, constituting about 15% of its staff, over a period of 12 months. This restructuring initiative aimed to achieve profitability by FY25.

Continue Exploring: The Good Glamm Group revamps operations, axes 150 jobs in restructuring drive

As part of the restructuring effort, the company expanded its C-suite by appointing several new executives, such as Kamal Lath as the Group CFO, Manan Jain as Group COO, Kartik Rao as Group CPO, and others.

Upcoming $70 Million Funding Round and IPO Plans

Furthermore, the company has reportedly reached the final stages of discussions to secure a $70 million funding round at a consistent valuation of $1.2 billion. This development aligns with the Good Glamm Group’s preparations for its upcoming initial public offering (IPO) scheduled for Diwali in 2025.

Continue Exploring: Good Glamm Group joins ONDC network, aims to boost revenue by 50%

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Mars injects €40 Million into German chocolate factory to boost Twix production

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Twix chocolate bar
Twix chocolate bar

Mars plans to inject €40 million ($43.3 million) into a chocolate factory in Germany, with a portion earmarked to bolster the production of its Twix brand.

Over the span of four years, Mars will undertake a project at the Viersen site in western Germany, involving the installation of a new packaging line specifically for Twix chocolate. This decision comes in response to the company’s observation of a surge in demand for the product. Consequently, this initiative will enable the packaging of additional Twix bars directly at the site.

Evelina Wagner, Managing Director of the local Mars Confectionery Supply unit, noted that a portion of the investment will be allocated towards enhancing “the ergonomics of the workplace on the production lines” and facilitating “more sustainable production” practices.

Continue Exploring: Mars invests $70 Million in Hackettstown facility to drive innovation and manufacturing advancements

At the Viersen site, which is privately owned, the group employs over 320 individuals. This location serves as the production hub for chocolate bar brands such as Twix and Balisto, as well as the boxed Celebrations brand.

Production Targets: Mars aims for increased output by 2026/2027

In Viersen, Mars processes 59,300 tons of chocolate goods daily, which is roughly equivalent to ten million pieces of chocolate. The company has set a target to increase its manufacturing output to 70,000 tons by 2026/2027.

Across its six sites in Germany, situated in North Rhine-Westphalia, Lower Saxony, Bavaria, and its M&M’s flagship shop in Berlin, Mars employs over 2,200 workers.

The cash infusion, Wagner added, was a “contribution” to the company’s aim of reaching net zero emissions in its “entire value chain by 2050.” “We are very proud that our volumes are growing while at the same time significantly lowering our factory’s energy requirements and emissions,” Wagner said.

In 2021, the Snickers producer pledged to reduce carbon emissions by 50% by 2030 across its entire value chain, using a 2015 baseline as reference.

The group has revised its emissions targets multiple times in recent years. Two years ago, Mars declared its aim to achieve net zero emissions by 2050. In September of last year, the company reported a reduction of 8% in emissions, amounting to 2.6 million metric tons.

Continue Exploring: Mondelez International resumes Oreo cookie production in Ukraine 

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Bacha Coffee enters Indonesian market, unveils first store in Jakarta

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Bacha Coffee
Bacha Coffee

Bacha Coffee, a Moroccan-inspired heritage brand, has expanded its international presence with the opening of its first store in Indonesia, as reported by World Coffee Portal.

The venue, spanning 4,300 square feet, situated within Jakarta’s Plaza Senayan shopping center, features a coffee bar and a takeaway counter.

Operated by franchisee Erajaya Food and Nourishment, the Jakarta store also includes a retail coffee boutique showcasing 200 packaged coffee varieties.

Erajaya Food and Nourishment manages licensed Paris Baguette outlets across Indonesia.

Established in Marrakech in 1910, Bacha Coffee boasts a rich history. Following its closure after the Second World War, it was rejuvenated in 2019 by Singapore-based V3 Gourmet.

It procures its coffee from over 35 countries known for coffee production.

International Presence: From Singapore to Qatar

In December 2022, V3 Gourmet inaugurated a Bacha Coffee establishment at Terminal 3 of Singapore’s Changi Airport.

The venue showcased illuminated glass arches along with a towering library of coffee canisters.

Bacha Coffee’s growth in Southeast Asia encompasses 16 outlets spanning Singapore, Malaysia, Hong Kong, Taiwan, and now Indonesia.

The brand also has a presence in Morocco, France, the United Arab Emirates (UAE), Kuwait, and Qatar.

ZAWYA reported that in March 2024, a Bacha Coffee branch debuted at Doha’s Villaggio Mall in Qatar.

According to Korea Joongang Daily, Bacha Coffee is poised to sustain its growth momentum by venturing into the South Korean market, with a store scheduled to open in Seoul in July.

A franchising arrangement with the Lotte Department Store makes its expansion possible.

Gabrielle Halim, CEO of Erajaya Food & Nourishment, expressed, “Bacha Coffee is celebrated for its unique concept and enticing selection of pure Arabica coffee varieties, and we are excited to introduce the legendary Moroccan coffee brand to Jakarta.”

“Bacha Coffee’s outstanding gift hampers align seamlessly with the Indonesian tradition of gift-giving.”

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Swedish confectionery giant Cloetta sells Nutisal Brand to The Monchy Food Company

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Nutisal
Nutisal

Swedish snack producer Cloetta has reached an agreement to transfer its Nutisal roasted nuts brand to its Dutch counterpart, The Monchy Food Company.

The Plopp chocolate bar manufacturer stated that the business is set to be sold for approximately €5 to €6 million ($5.4 million – €6.5 million).

Cloetta’s choice to divest Nutisal aligns with the company’s strategy to concentrate on its “core confectionery” brands and pursue its “long-term objective” of achieving an adjusted EBIT margin exceeding 14%.

Nutisal constitutes approximately half of Cloetta’s nuts segment and contributes 2% to the company’s total net sales. Cloetta will maintain nut production as part of its pick-and-mix line.

Continue Exploring: Mondelēz unveils $5 Million Biscuit and Baked Snacks Innovation lab in Singapore

The manufacturer of The Jelly Bean Factory brand anticipates recording a non-cash impairment of €7-8 million in its second-quarter financial results, subsequent to the transfer.

It also anticipates that the deal will result in around €6-7 million in “positive cash flow.”

Solna-based Cloetta acquired Nutisal in 2013. In 2020, the manufacturing of the product was outsourced to a third party as part of efforts to enhance competitiveness. Following this, the brand’s Helsingborg plant was shut down in 2021.

The decision comes as Cloetta continues to face challenges posed by exceptionally high cocoa prices. Cocoa represents around 8% of the company’s total raw material costs.

Earlier this year, the company disclosed plans for additional price hikes across its confectionery and chocolate products, citing unprecedented raw material costs for cocoa and sugar.

Financial Performance and Adjustments

In the first quarter of 2024, Cloetta recorded net sales of Skr2.1 billion ($199.3 million), marking a 6.1% year-on-year increase. However, adjusted operating profit decreased by 4% to Skr192 million.

The company manufactures various confectionery brands such as The Jelly Bean Factory, Läkerol pastilles, Plopp chocolate toffee bites, and King mints.

Its primary markets encompass Sweden, Finland, the Netherlands, the United Kingdom, Germany, and Denmark.

Cloetta also distributes its products to Switzerland, as well as countries in the Asia-Pacific and Baltic regions through third-party distributors.

The company operates seven production sites located in Sweden, the Netherlands, Belgium, and Slovakia. In 2023, Cloetta produced approximately 101,300 tonnes of chocolates, confectionery, pastilles, nuts, and chewing gum at these facilities.

Continue Exploring: Blackstone-led consortium eyes $8.5 Billion stake in Haldiram snacks, setting stage for India’s largest PE buyout yet

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Goldfish Maker unveils limited-edition Spicy Dill Pickle Crackers!

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Goldfish Spicy Dill Pickle Crackers
Goldfish Spicy Dill Pickle Crackers

The Campbell Soup Company is capitalizing on America’s fondness for pickles and spicy tastes by introducing its latest offering: the limited-edition Goldfish Spicy Dill Pickle crackers.

This comes as pickle-related content on social media platforms like TikTok has surged past 300 million posts, while 53 million US consumers are actively seeking out spicier food options, according to the company.

“In response to ongoing requests from Goldfish and pickle enthusiasts on social media, one single post about pickle-flavored Goldfish garnered over 30,000 likes,” Campbell’s stated in a release.

The recently launched Goldfish Spicy Dill Pickle crackers aim to meet this escalating consumer demand by blending the tanginess of dill pickles with a spicy twist on the iconic fish-shaped snack.

Continue Exploring: Mondelēz unveils $5 Million Biscuit and Baked Snacks Innovation lab in Singapore

“Given the overwhelming presence of pickle-related content on TikTok, exceeding 300 million posts, and the preferences of 53 million Americans seeking spicier options, Goldfish Spicy Dill Pickle crackers are designed to meet both flavor expectations and fan demand with this latest limited-time offering,” the company stated.

Launch Details: Availability and Pricing

Starting this June, the limited-time offering will be available at national retailers with a suggested retail price of $3.69.

The decision reflects Campbell’s commitment to innovation and growth within its beloved Goldfish brand, ensuring alignment with evolving consumer preferences, especially regarding flavor profiles that spark considerable social media excitement and interaction.

Since its introduction in 1962, Goldfish has emerged as one of Campbell’s most iconic snack brands, establishing a strong presence in the fiercely competitive $24 billion US cracker market.

Continue Exploring: Pringles launches first-ever puffed snack ‘Pringles Mingles’ in tubeless packaging!

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Microsoft CEO Satya Nadella steps down from Starbucks board

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Satya Nadella
Satya Nadella

Satya Nadella, the CEO of Microsoft, has announced his resignation from the Starbucks board of directors, a position he has held since 2017.

In a regulatory filing, the coffee giant confirmed the departure, indicating that the board’s size would subsequently diminish.

In his resignation letter, Nadella conveyed his admiration for Starbucks’ development and transformation throughout his tenure.

He refrained from providing a specific reason for his decision but assured that he would remain one of the company’s most ardent supporters, cheering it on from the sidelines.

Continue Exploring: TATA Starbucks launches global favourite refreshers in India

“Throughout my time,” he remarked, “I’ve observed the remarkable evolution of Starbucks, and I carry the pride of our collective achievements with me.”

“As I resign,” he expressed, “I wish to extend my heartfelt gratitude for the chance to contribute and learn from the myriad ways Starbucks has flourished, evolved, and persevered.”

Nadella additionally conveyed his confidence in Starbucks CEO Laxman Narasimhan and the company’s senior leadership team.

“I have full confidence in Laxman and our senior leadership team. Their steadfast dedication and strategic prowess reassure me that Starbucks is in capable hands, positioned for a future brimming with innovation and triumph,” the letter stated.

Satya Nadella’s Tenure and Contribution to Starbucks Board

Nadella’s tenure on the Starbucks board commenced concurrently with the appointment of his former Microsoft colleague, Kevin Johnson, as Starbucks CEO.

His proficiency in technology and international operations was regarded as a valuable asset to the board at that time.

Continue Exploring: Starbucks CEO bullish on India’s coffee market, targets 1000 cafes by 2028

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Fast-fashion giant Shein to file $63.70 billion London IPO prospectus

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Shein
Shein

Shein, an online fashion retailer, is set to submit a prospectus to Britain’s Financial Conduct Authority for approval. This step is in preparation for a potential listing on the London Stock Exchange, which could value the company at around 50 billion pounds ($63.70 billion), according to a report by Sky News.

The report, citing sources, added that the confidential filing could occur as early as next week.

Continue Exploring: Fast-fashion giant Shein plans to diversify: Now eyeing skincare, toothpaste, and toys!

Queries directed towards Shein did not receive a response.

Regulatory Challenges and U.S. Opposition

Shein, which was valued at $66 billion during a funding round last year, started working with the teams of its financial and legal consultants headquartered in London earlier this year to explore the possibility of a listing on the London Stock Exchange, sources told Reuters in May.

After encountering regulatory obstacles and opposition from U.S. lawmakers in its attempt to go public in New York, the fast-fashion company intensified its preparations for a listing in London.

Continue Exploring: Shein considers London IPO amid US listing hurdles

However, prominent British legislators are calling for closer examination of Shein and questioning the company’s eligibility for a London listing. Shein has responded by reiterating its commitment to strengthening governance and compliance protocols.

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Bisleri explores water credit system to foster sustainability in beverage sector

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Bisleri
Bisleri

Bisleri, a well-known brand of packaged water, is exploring the concept of water credits, akin to carbon credits, aiming to enhance accountability among beverage producers regarding their water consumption.

The company has collaborated with the TERI School of Advanced Studies to undertake a study assessing the beverage industry’s dedication to water conservation.

According to the Council on Energy, Environment, and Water, a New Delhi-based think tank, by 2025, 11 out of India’s 15 major river basins will face water stress, with per-capita annual water availability dropping below 1,700 cubic meters. Moreover, India regulates groundwater usage through national and state-level regulations, imposing limits on the volume of water companies can extract for industrial and commercial activities.

Continue Exploring: Bisleri International collaborates with Gauri Khan to launch limited edition sparkling water

The study emphasizes that numerous major beverage manufacturers have faced criticism for extracting water from areas experiencing water stress. In reaction, several companies have started disclosing efforts to replenish the water utilized in their manufacturing operations.

Bisleri’s Water Replenishment Efforts

Bisleri intends to present its findings to the central government, aiming to stimulate discussions and formulate a framework for advancing the concept of water credits within the beverage industry.

Study on Water Trading and Credits

According to media reports, the study sought to examine both national and international practices and policies related to water trading, water credits, and fiscal instruments. Additionally, it aimed to devise a methodological framework for assessing the water footprint of a production unit. The study further conducted tests and estimated the water footprint of two Bisleri production units situated in contrasting terrains.

This initiative comes after the government introduced the Green Credit Program (GCP) in October 2023. The GCP is aimed at encouraging voluntary environmental actions across multiple sectors and involves a wide range of stakeholders, including people, communities, private sector industries, as well as businesses. In its initial phase, the GCP will prioritize water conservation and afforestation efforts.

Continue Exploring: Bisleri’s Vedica launches Himalayan Sparkling Water, expanding premium portfolio

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